Fraudulent trading platform scams are schemes that deceive individuals into investing in fake or non-existent financial products or markets through online trading platforms. These scams often involve fake websites or mobile apps that claim to offer opportunities to trade stocks, cryptocurrencies, or other financial instruments with high returns on investment.
In many cases, the scammers will promise guaranteed profits or use high-pressure tactics to convince victims to invest large sums of money. However, once the victim invests their money, the scammers will either disappear with the funds or use a variety of tactics to prevent the victim from withdrawing their money, such as requiring high fees for withdrawals or setting unrealistic withdrawal limits.
Some common types of fraudulent trading platform scams include Ponzi schemes, where new investors’ money is used to pay off earlier investors, and binary options scams, where investors are promised high returns for correctly predicting whether a stock or other asset will rise or fall in value.
Our firm currently provides representation for a substantial number of investors who have fallen victim to fraudulent schemes. Of particular significance is our representation of clients impacted by the Jubilee Group scam, which has been officially recognized as one of the top 20 cryptocurrency scams of the 21st century.
If you are a victim of such scam and wish to hire our office or have any questions regarding your legal status you can contact us via our DefendMe Platform (https://defendme.global/) or via email office@defendme.global.
Your DefendMe team