Consumer Fraud Need Advice for a Potential Forex Scam

[ForexMashallIsland]

Jurisdiction

Other

Hello All,

Below is the story, kept as short as possible:

My friend invited me to invest with him in a forex company (referred to as Company A hereafter), which happened from January 2016 until April 2016. Throughout the entire time my fund was being managed by an account manager and trading was done by him on my behalf. With that being said, In April my account manager claim that Company A is changing name and asked me to sign a few documents to transfer my fund to a new company (referred to as Company B hereafter).

Once the documents of withdrawal of fund were signed, all communication ceased from both Company A and Company B, however, the money do appear in the new company. I now simply would like to close my account, but since nobody would respond to queries. However it is important to note that if I speak with the account opening department as a potential new investor, they will respond to me. Once disclosing the fact that I just want their attention, their response also ceased.

I have sent queries to local police from where I live, they file the case and told me nothing could/will be done already. Governing body for forex has not respond to query for the past 2 months either.

Now I am in a situation of not having the money and being stucked with no route to complain, it is important to note that:

Company A claim it's Jurisdiction is of Belize. With a fraudulent address.
Company B claim it's Jurisdiction is of Marshall Island, also having listing a fraudulent address in Singapore.

There are many things I would like to do in order to get my money back, but is there any advice or direction you may be able to provide to me? So that I do not waste my time doing the wrong thing? Must I hire a lawyer from Marshall Island in order to file a court complaint? Otherwise what can I do?

Thank you in advance for your patience and assistance.

 

[army judge]

What amount of money do you think you lost?

If its less than $10,000, maybe even $20,000, consider that the price of tution not to get involved with SCAMMERS!!!

Otherwise, I see you posting from Dubai.

You might want to start by discussing the matter with an attorney in Dubai.

If these firms claim Belize addresses, and the Marshall Islands, too, I suspect the firms are shell scam companies, set up to bilk funds from the initiated all over the planet.

If that is teh case, that money is likely sitting somewhere in a Russian, Chinese, or African bank account.

 

[forex.victim]

Hi Army Judge, thank you for your response, I just wanted to let you know, there are over 30 people in my company that got victimized by this scam, the amount is approx 800k USD. I personally had amount of money that has invested in it to the point that I will have irreversible damage to my life for at least 15 years. This is why I am here to sought for the best action to take.
We have reported to the CID in Dubai, interpol and also Belize, but there is no info in Marshall islands nor an actual name/address that is tracable. Everywhere is just dead end...

So... What can attorney do if I got no address or physical proof for them to send their legal action?

 

[jayh991]

There isn't much you are going to be able to do. Once the authorities in Belize, the Marshall Island and perhaps Interpol are notified then you can sit back and hope that one day they manage to bust the scammers. Even then there is little to suggest you will receive any of your money in return.

The only hope you have of seeing anything close to resembling the money you have lost so far is to contact Company B somehow (pretend to be a new client if that helps) and offer them a deal. You will accept a 50% payout of your investment account or threaten to involve law enforcement and/or the media. I've heard of shady companies paying out some "hush" money to their own clients. It might be worth a shot, otherwise you probably paid a lot of money to learn not to involve yourself in shady international companies.

 

[forex.victim]

Thanks for the information. I am going to think of different possibilities like the one you mentioned.

 

[army judge]

Thanks for the information. I am going to think of different possibilities like the one you mentioned.

The scammers clipped you and your pals once.
If I were you, I'd stay far away from those evil crooks.
Whatever you do, don't throw more good money away chasing money that is already lost.