Legal Resources

A series of arrests linked to the bankruptcy of Nidalina Group and to the fraud that the investment system concealed. The seizure of 20 million euros gives hope to those who lost their money. The recent news of the arrests linked to the E-commerce site Nidalina has certainly not come as a surprise to the many Italians who fell into the company’s trap, and of those of its affiliates’. The ...

Canada accuses binary options, and in particular the activity of three brothers who, without even having a license, would have used a call center to convince thousands of people to invest. Binary options is still under indictment. Although their trade has now been banned in many parts of the world, the echo of binary options-related activities has not yet died down. In Europe there is a ban on marketing, distribution ...

For months Europol and Eurojust, supported by investigators from Germany, Austria, Serbia, Ukraine, and Bulgaria, have been investigating what appears to be one of the largest Forex scams in Europe. Arrests in connection with a large Forex scam branching out across Europe continue. Five suspects were arrested in Bulgaria in March, following nine arrests made in Bulgaria and Serbia in April 2020 and the seizure of €50 million in cars ...

Sohrab 'Sam' Sharma, co-founder of cryptocurrency company Centra Tech with Raymond Trapani and Robert Joseph Farkas, was sentenced to 8 years in prison for conducting an illegal Initial Coin Offering (ICO). On March 4, 2021, Sohrab Sharma, known as Sam Sharma, was sentenced by Manhattan Federal Court to 8 years' imprisonment, plus three years' probation. Moreover, he must pay a $20,000 fine while authorities have seized approximately $36 million from ...

The UK Financial Conduct Authority did not mince its words when it warned that those who invest in cryptoassets "should be prepared to lose all their money." On January 11, 2021, the UK's Financial Conduct Authority (FCA) issued a harsh warning against purchasing, lending, and investing in cryptocurrencies. The FCA clarified in three points the reasons for its concern: Price volatility Complexity of products offered Lack of client protection  The ...

CySEC, one of the world's leading financial regulators, issued its first cryptocurrency regulations at the end of November, specifically addressing the compliance of Cypriot Investment Firms (CIFs). On November 25, 2020, the Cyprus Securities and Exchange Commission (CySEC), the Cypriot financial regulator, published Circular C417 on "Prudential Treatment of Crypto Assets and Enchantment of Risk Management Procedures Associated with Crypto Assets." In this document, it formulated the first regulation regarding ...

Investor compensation schemes are reimbursements targeted at investors of companies in crisis. The European Union’s aim is to protect the money of "classic" investors and Forex users. "The Investor Compensation Scheme covers investors under Article 4 before one of the following has occurred: specialist authorities have ascertained that, in their opinion, for reasons directly related to the investment company’s financial situation, the investment company does not appear momentarily able to ...

How to recover money lost in trading? The first and most important step is to report any suspicious activities that have occurred. For those who invest in online trading, it can be difficult to interpret where money lost was due to natural risks that occur in trading, or if the loss was orchestrated unlawfully; and at times, it is nearly impossible to say with confidence if you have been the victim of a ...