CryptoProgram – According to statements made on the provider’s website https://cryptoprogram.me/, the provider is a service provider for online trading that offers its customers various services. Accordingly, CryptoProgram takes care of trading with cryptocurrencies.
If you have invested with the provider CryptoProgram and are now experiencing difficulties with your payout, our lawyers can help you nationwide.
CryptoProgram – Assessments of investors
Currently, there is an enormously high number of providers such as CryptoProgram. Thus, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now.
Precisely because there are countless options, choosing a financial service provider can be time-consuming and frustrating. Especially when it has to meet your individual investment needs.
Have you already invested with CryptoProgram? In this case, the following aspects are relevant for you as an investor.
- A good address for money investors who want to find out about stocks, futures, options and cryptocurrencies is a website like this one.
- When trading on the web, you can use a large amount of order types.
- Government licensed brokers on the internet, secure portals, costs and commissions, product options and customer feedbacks are just selected factors you would need to consider when making your final choice.
- Accessing the global financial markets is becoming more convenient and lucrative for investors through online investing.
The following information is general advice for investors – regardless of the platform you invest money in.
CryptoProgram Provider Checklist: General tips to protect you from risks and dangers
The following list serves to protect you from online trading platforms with dubious intentions.
- Do not use remote access software to gain access to your terminals.
- Find out as much as possible about the provider and the goods you want to buy (search engines on the Internet, forums, online card services).
- Ask yourself: What is the name of the contact person I should get in touch with?
- Do not accept unsolicited investment recommendations from strangers via advertisements on the phone or e-mails.
- Is there a complete imprint on the website?
- Is the online trading provider CryptoProgram a company licensed by BaFin or in another country of the European Union?
- In which location is the provider’s main office?
Is pressure of time also conceivable with CryptoProgram?
Do you feel the pressure of a tight deadline? The online broker is baiting you with a special offer, but you are under pressure to make a decision quickly?
This is not an excellent idea, because it is often a ruse. Do not rush into anything! Not only can you get trustworthy offers now, but you can also invest with CryptoProgram in the future.
To achieve their goal, rip-off artists know exactly what to do. They strive to obtain as much information as they can about their target through advantageously worded requests. In addition, they ask about the circumstances of the interlocutor, e.g. whether he or she is home alone or whether he or she keeps savings at home.
In addition, they play a game of “wait and see” to exhaust the person. They may keep their counterpart on the phone for a very long time until he or she agrees to go to the financial institution and hand over money and other valuables to the criminals.
In one of these scams, a deadline is imposed on the injured party. With just such a measure, the aggrieved party is induced to ignore his own caution.
Current support scams use the same method. Since the computer of the person contacted is allegedly infected by a very serious computer virus, the callers, presumably acting on behalf of Microsoft or a company like CryptoProgram, demand urgent payment for a maintenance contract in English with an Indian accent.
The criminals increase the pressure, in the way that they threaten the targeted persons to make them pay if their computer is infected and transmits the infections.
Unauthorised orders – protect yourself
Placing orders for transactions in shares without the account holder’s consent can sometimes cause the price of particular shares to jump.
This applies in particular to open market transactions in illiquid foreign shares (over-the-counter trading). Therefore, be careful if you are asked to disclose sensitive data about the investment with CryptoProgram entirely without your consent with reference to supposedly lucrative deals or profit announcements.
Under no circumstances should you transmit your IBAN, SWIFT code and other bank codes to someone you do not know. Neither should you disclose your account or deposit numbers or passwords.
Do not give custody account papers or securities statements from CryptoProgram to anyone you do not know. Callers posing as investment advisors, online brokers or financial regulators are also unpredictable.
Deal with the risks and dangers of cybertrading
Conventional investment fraud is carried out by familiar means such as advertising, telephone canvassing or stock exchange letters.
When it comes to fraud, the outdated method is fast becoming obsolete in the online age. The new type of investment fraud could be described with the term “cybertrading”. Investment products are traded fraudulently over the internet.
Unfair investments include financial products such as contracts for difference and virtual money. Even CryptoProgram’s offers have been used by other providers in a comparable way to lure investors into the trap.
Investors are increasingly making their own enquiries about investment options on the internet. Thus, people trust their individual expertise or the advice of others in blogs, forums and other online platforms when making their decision.
The switch to ever new financial products has no lasting effect on the illegal activities in relation to the gang structure. Since the mafia-like organisations rely on already existing and widely recognised infrastructures, there is no need to switch to a new “business model”. No matter what financial instrument is traded, the process of cybertrading is largely congruent.
These financial products are aggressively advertised on social media or with paid advertisements. In this context, it is in principle exclusively about the presentation of astronomically high profits. Calculate the probability of achieving high profits with CryptoProgram before you invest.
Insist on clearly identifiable exit options
Make sure you know when and how much money you will be paid. It is best to avoid long-term contracts that cannot be terminated early or where you would experience heavy monetary losses.
Enter into long-term contracts without the possibility of early termination solely with investment service providers such as CryptoProgram, whose reliability you have no doubts about.
Even if you have the option to waive a contract at any time or to cancel it over a certain period of time, you should be suspicious. Even if these options do exist, you may still be vulnerable to financial loss. Make sure you know in detail how much money you will recover if things go wrong.
For share transactions, the following provision applies:
Before the end of the contract period, find out what options are open to you to sell off a security.
It is often crucial to be aware of whether there is a liquid market for products such as those provided by CryptoProgram.
It is possible to sell shares through a broker or financial institution. All 3 methods are legal for placing a sell order. The actual selling process is consequently carried out via a securities exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
With order supplements, the execution of the order can be controlled from the beginning. The sale of the share certificates takes place at a time and place determined by you.
Get your investment back from CryptoProgram? Contact our lawyers
In order to be able to assess whether you have a claim for repayment against the financial service provider CryptoProgram, it is necessary, without exception, to examine your case in detail. The lawyers of the Herfurtner law firm will do this for you within the framework of a free initial consultation.
The starting point for this examination is always the facts of the case as described by you. In addition, similarities to comparable cases can usually be drawn. You therefore benefit from the extensive experience of our lawyers.
After the complete examination of all documents and the legal classification, the action is first of all directed against the service provider CryptoProgram itself, should certain breaches of duty be verifiable. In order to be able to prove those breaches of duty, the contractual documents, the email correspondence and possibly also supplementary documents should be examined.
On top of that, regulated online trading service providers are also obliged to make and store telephone recordings of the conversations with investors. The request to hand over these records and the subsequent examination is also an advisable and necessary step to enforce your claims.
With the help of this evidence, investors’ claims can be enforced both in extrajudicial and judicial proceedings.
The banking institutions and crypto exchanges that are on the receiving end should also be focused on here. Since the sums of money involved are usually considerable, the question arises again and again as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act. A universal statement cannot be made here; rather, the individual case must be scrutinised.
The same applies to the beneficiary on the recipient side, who is often not equivalent to the financial service provider itself. Under certain criteria, the financial service provider must also be held liable if breaches of duty can be proven.
After all options under civil law have been exhausted, there is still the option of proceeding under criminal law if the initial suspicion of a criminal offence is substantiated. This requires contacting investigating authorities at home and abroad and coordinating further precautions.
For the time being, many federal states have set up special units for the topics of fraud in connection with online and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these units.
It should not be forgotten that providers also supply helpful information on the owner of the internet address. However, contacting the providers, who are often located abroad, is extremely difficult for the layperson.
Furthermore, financial supervisory authorities in Germany and abroad are helpful contact points for investors who have suffered losses.
Apart from the complaint against the particular provider, which is intended to prevent further potential investors from investing, other details can probably be obtained via the financial supervisory authorities as providers of information.
These details often make it possible to link investigative proceedings in the Federal Republic of Germany, Austria and Switzerland.