We can say, without a doubt, that all of our clients experience trouble withdrawing their funds from their “brokers”.
Suddenly, when the conversation shifts from depositing money for some new venture or an “opportunity”, to withdrawing profits or closing the account altogether, something changes. The account manager you used to trust, that same one who you developed some form of a relationship akin to a friendship with, stops being understanding, empathic and friendly.
For some of our clients, the analyst/broker/account manager/(insert whatever title you were told) continually pushes them to make another deposit. For others, they are left there – completely abandoned.
A few common strategies the fraudulent trading firms use (individually or combined) include:
- Switch-er-oo – Most common trick employed, the old account manager gets replaced by someone new. Frequent excuses for switching the old account manager include but are not limited to:
– He died in a car crash
– He/she had to Leave the country and their current position to take care of a sick relative
– He/she had to leave the country to take care of a family urgency
– Death/tragedy in the family (in a faraway land)
– Promotion (now they are the head of the bollocks department)
– Other nonsensical explanation.
After the switch the new account manager will attempt to, you guessed it, make you deposit more money into the account.
- The account manager has seen the light – A scheme not so common but definitely recurring enough for us to talk about: when your current account manager suddenly “discovers” that the firm he or she has been working at, where you, the client, have been depositing money, has been defrauding clients.
Motivated by a newfound sense of justice and meaning, they announce their resignation and urge you to leave this degenerate establishment and come with them to the new “legitimate” trading firm they have landed a job in.
Oh right, you have to deposit more money.
- Complete radio silence – though rare, sometimes the scammers choose to ignore their victim and let the chips fall as they would.
- Website not available 404 error: Also known as Casper the friendly ghost and very similar to ‘radio silence’, this is when the scammers shut the website down and disappear completely from the radar. Phone calls are not answered and your emails simply bounce back.
Whatever excuse (or combination of excuses) was used in your case, do not think it is your fault or be too hard on yourself. These con artists are trained in the art of manipulation and deception. They take advantage of emotional relationships and comradery for one purpose only: take as much as they can and give as little as they can back.
It is your legal right to get your money back from these modern day robber-barons!
Contact us today for more information on how to recoup your money quickly and efficiently.