Unscrupulous swindler Сartel Finance: a story of a massive fraud
Does anybody want to waste their money in a con game? Welcome to Сartel Finance! No offense, we just want to warn people. The company under discussion is surprisingly cynical and unscrupulously audacious – these are the most suitable words to describe this swindler. The motto of Сartel Finance could be something like “a massive fraud brings massive profits”. Indeed, this broker cheated its clients of hefty sums.
At first glance, Сartel Finance may seem to be a decent broker with beneficial conditions. It claims to have a team of professional analysts, a wide range of trading instruments, and momentous withdrawals of funds. According to its website, only professionals are engaged in projects who can help to earn big money. The aim of these tricksters is to persuade clients that they deal with a trustworthy broker.
The so-called professionals are Anna Simonenko, Sergey Martynov, and Anastasiya Roman. In facts, they are fictive characters. The broker offers three account types that are called tariffs for some reason. Such a metaphor is unlikely to be a coincidence. By the way, the minimum deposit is $150. This sum is smaller than required by other brokers including fraudsters but larger than needed to join a pseudo-investment project.
In fact, Сartel Finance has nothing to do with financial markets. It is nothing else but a cheater. It is the simplest Ponzi scheme trying to create an image of a reputable broker. The website is nothing special, seemingly cheap. Why spend too much on such a shallow project? All its legal information is a legal address in Slovakia that is used by other swindlers according to search engine results.
So, here we have a fake address and a feedback form. It is possible to contact the company only by email. Is it the way big companies usually communicate with their clients?
Fraud schemes of Сartel Finance
The most incredulous scam by Cartel Finance is its assistance in the withdrawing of funds that were seized by other scammers. That is a classic fraud scheme intended for taking money from people who had already been fooled. As a rule, fraudsters ring around clients of other dishonest brokers.
Let us suppose that trader John loses $2,000 with a broker A. After some time, managers of a broker B call him and offer help in getting his money back. The only condition is that John should deposit the broker B’s trading account with just $200. Consequently, John loses another $200.
But that is not all. Cartel Finance has developed another method of cheating its clients out of their money by helping them to open losing deals. Moreover, clients of Cartel Finance should pay fictive bank commissions and charges.
The result of cooperation with this broker is obvious – the loss of money. It is hardly possible to get the investments back or withdraw them.
Conclusion. Choose a broker with the utmost care, so you won’t suffer from your light-mindedness. If you don’t want to lose your money, you’d better always ask for the detailed information about a broker and check the credibility of the data on its website. Optionally, you can ask a financial regulator that supervises the activity of the broker to provide you with a copy of the license certificate. This way, you can compare the official data with the information on the broker’s website.
The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.