Have you placed any money with the online broker Grafham FE? Are there problems with paying out winnings and invested funds? Then you are probably not the only investor having difficulties with Grafham FE. Other people affected also tell us about arguments about winnings and amounts paid in.
Cheating and Tinder
Financial service providers from Europe and Asia are involved in the fraud cases. From Asia, Hong Kong is often involved in the payment flows.
Contacts with Asian providers and brokers are often initiated via Tinder or other dating portals. In the initially harmless and then more intensive discussions, investment tips are given along the way. All purely coincidental. Of course, good-looking “profile pics” are used to “catch” customers.
Are my bitcoin payments gone forever?
Funds deposited by scam companies are often paid out anonymously via the blockchain as Bitcoin using crypto exchanges. Those affected keep asking themselves whether they can get these payments back.
According to German law, the investors have acquired ownership of the respective cryptocurrencies. If these are otherwise disposed of through fraud, this does not change the position of ownership.
Nevertheless, it is difficult in practice to enforce the property rights that still exist in international legal transactions. However, we are observing that the legal situation is changing.
Some large cryptocurrency investors are attempting to recover bitcoins that have been fraudulently withdrawn. This can also give victims of fraud companies new perspectives and opportunities to enforce their claims.
Will Grafham FE broker withhold my profits?
The profits on the trading accounts are often very high. Customers are threatened that these winnings will be forfeited if no further deposits are made.
Under no circumstances should you take these threats or options for action seriously. This assumes that your funds have actually been invested in some form of financial products.
If there is a case of fraud, this will not have happened. In this respect, the profits shown on your trading account are not real and non-existent. The claim that winnings will be retained is for the sole purpose of motivating you to make another payment.
Which authority is responsible for brokers like Grafham FE on the Internet?
The German Federal Financial Supervisory Authority (BAFin for short) is the regulator responsible for banks and brokers, and thus also for brokers such as Grafham FE. This authority is subject to the supervision of the Federal Ministry of Finance.
Warnings about unreliable brokers are published by BaFin. The Federal Financial Supervisory Authority (BAFin for short) aims to ensure that the financial system works, is stable and has integrity. Bank customers and investors should be able to place their trust in the financial system.
With more than 2,000 employees at the Bonn and Frankfurt am Main locations, BaFin is one of the largest authorities. BaFin has not always been successful in recent times. In particular, the events surrounding Wirecard have not put BaFin in a very good light.
BaFin supervises over 1,500 banks, over 1,100 financial institutions, payment institutions and also branches of foreign credit institutions. Furthermore, insurers, pension funds, capital management companies and domestic funds are supervised by BaFin.
Furthermore, BaFin is responsible for market supervision and is intended to ensure that conditions in the markets are fair and transparent and that consumers are protected.
How can I get my money back now?
You now have important information about Grafham FE. Now you have to decide whether you want to comply with broker Grafham FE’s demands for further payments or whether you want to put all your energy into recovering the deposited funds.
We are happy to help you with our experience to take action against Grafham FE.
Get in touch with us at [email protected] and briefly describe your case. A description in keywords is sufficient. We will then pull out all the stops to get your money back.
–
