Paraiba World Switzerland – The alleged financial service provider Paraiba World Switzerland presented itself on its website as a broker. At the moment, the homepage is no longer online.

The Swiss Financial Market Supervisory Authority (FINMA) warns that the provider is not listed in the commercial register and has serious suspicions that the provider is engaged in unauthorised activities. In addition, FINMA refers in its notification to an increased risk of danger for investors.

Paraiba World Switzerland payouts stopped

Customers are currently reporting problems with the payout.

Even after several weeks, the customer has not received his money. On rating portals like Trustpilot, Paraiba World is accused of running a pyramid or Ponzi scheme. Others simply speak of fraud.

On the other hand, the provider explained that the reason for the payment stop was that Paraiba was now becoming Trillant. This led to the investors’ money being converted into Trillant tokens.

In the future, there is to be a separate cryptocurrency called Trillant Pay Coin, whose value is to grow exponentially in a short time. It is completely unclear what value the coin will have outside the Paraiba system, where it can be traded and when it will be launched.

However, this does not prevent intermediaries from actively promoting the coin. Investors are encouraged to invest quickly to secure a low price for the token,

Encountering complications with your investment payout? Our lawyers are available for a telephone exchange.

Paraiba World Switzerland – BaFin also warns

Pursuant to the decision of 21 April 2020, BaFin ordered Paraiba World Ltd (Paraiba World and Paraiba Deluxe) to immediately cease unauthorised investment management.

In addition, BaFin accuses the provider of disseminating untrue statements of fact.

Paraiba World Switzerland – Reviews

Currently, there is an extraordinarily high number of online trading platforms such as Paraiba World Switzerland. As a result, investing in the volatile financial markets has never been as easy but also risky as it is now. Especially because there are many options, choosing a broker can be time-consuming and daunting.

Particularly if it is to suit your individual investment plans. Are you thinking about investing with Paraiba World Switzerland? In this case, the following points are relevant for you as an investor.

  • Licensed online brokers, trustworthy providers, costs and commissions, quote options and key data are just some of the considerations you would need to factor in when making your irrevocable decision.
  • When trading on the World Wide Web, a large number of order types can be used.
  • Access to transnational stock markets is becoming more convenient and affordable for investors through online investing.
  • A good place to go for investors who want to find out about stocks, futures, binary options and cryptocurrencies is a website like this one.

The following information is a basic suggestion for investors – regardless of the platform in which you invest capital.

Importance of financial regulators in relation to providers such as Paraiba World Switzerland

Both financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Bond service companies and providers such as Paraiba World Switzerland must comply with a wide range of standards of conduct. The same applies to their employees.

This objective is intended to circumvent conflicts of interest and the associated disadvantages for investors. This includes the obligation of the company to inform its clients about the most important features of a securities transaction before it is concluded. This applies both to the respective investor and to the investment itself.

According to this very idea, further information is mandatory for clients who want to engage in highly speculative or risky transactions. Providers such as Paraiba World Switzerland have a duty of care towards their clients. This goes far beyond the provision of a product or service.

Does the provider have a licence to sell financial products? You should definitely determine this. To do this, you can use the broker check database of a financial authority and type the provider’s brand name into the search mask.

Investors are put under time pressure

Feeling the pressure of a tight deadline? The provider is baiting you with an exceptional offer, but you are under pressure to make a decision quickly? This is not an ideal idea, because it is often a feint. Do not rush! Not only can you get reliable offers now, but you can also invest with Paraiba World Switzerland in the future.

To achieve their goal, criminals know exactly what they have to do. They make an effort to obtain as much information as possible about their target person through cleverly formulated enquiries. Furthermore, they ask about the circumstances of the interlocutor, for example whether he or she is home alone or whether he or she has cash at home.

Incidentally, they play a game of “wait and see” in order to exhaust the person. They may keep their counterpart on the phone until he or she agrees to go to the credit union and hand over cash and other valuables to the fraudsters. In one such scam, a deadline pressure is imposed on the injured party.

With such tactics, the injured party is made to leave his individual prudence aside. New support scams use the same method.

Since the PC of the person contacted is presumably attacked by an extremely serious malware programme, the callers, who are presumably working on behalf of Microsoft or a provider such as Paraiba World Switzerland, demand in English with an Indian accent the urgent repayment of a maintenance contract.

The swindlers increase the stress by threatening the targeted persons to make them pay if their computer is infected and transmits the infections.

Ponzi scheme: how it works

A pyramid scheme, or Ponzi scheme, is a type of fraud in which funds are collected from new investors and then used to pay out capital to the original victimised individuals. It is not uncommon for the masterminds of Ponzi schemes to stress that they would invest your assets and make great returns without risking your wealth.

All the same, in many Ponzi schemes, the fraudsters do not truly invest the money they receive. Instead, it is used to compensate people who paid in earlier. This allows the perpetrators to keep some of the capital for themselves. So with all investments – including Paraiba World Switzerland – pay attention to the risk-reward ratio.

Ponzi schemes require a constant inflow of new money to keep running, as they have little or no actual income. Many of these structures fail when it becomes costly to attract fresh investors or when a considerable amount of investors drop out.

Signs to look for when investing capital with a company like Paraiba World Switzerland include:

  • Risk-free returns with little or no volatility. Every investment carries some risk, and the riskier an investment is, the more likely it is to yield a high return.
  • Deposits that are not reported to financial regulators. In most cases, Ponzi schemes are unregistered investments that are not controlled by state authorities such as Bafin.
  • Selling without a licence: Investment professionals and firms must be licensed or registered in accordance with federal and state securities regulations. The most common Ponzi schemes involve unlicensed people or firms.
  • Tactics that are difficult to identify. Keep your money out of the stock market unless you know enough about this.
  • Overly predictable outcomes. Over time, investments tend to rise and fall. Any investment that delivers consistently high returns detached from market conditions should be viewed with a high degree of suspicion.
  • The distribution of profits does not work out? If you do not receive any payments or find it difficult to cash out, you should be cautious. The operators of Ponzi schemes may try to encourage participants to persevere by guaranteeing even greater profits if they do not withdraw money.

How can you spot a capital investment scam?

Do you want to invest with Paraiba World Switzerland? If so, you should find out all the information you need about the company. Investment fraud is a special form of fraud. The criminal guarantees or deceives a larger circle of people about a lucrative investment in the capital market.

Capital investment fraud is sanctioned according to § 264a StGB with a prison sentence of up to three years or with a fine.

Subsequent services and tactics can sometimes be considered as capital investment fraud:

  • Shareholdings in shares, funds and certificates
  • Boiler room scam, a cold-calling scheme in which investors are sought by telephone call
  • Participations in companies
  • Unsolicited telephone advertising calls, so-called cold calling

Anyone who has fallen for capital investment fraudsters has often invested a lot of capital. What can you do in case of investment fraud?

  1. Recovering assets from Paraiba World Switzerland: If payments have been made by credit card, in many cases this can be recovered by involving a law firm. In the case of bank transfers from the current account, this can often be recovered by bank order.
  2. Involve police authorities and financial supervisory authorities through a lawyer: Police collection procedures exist against certain fraudulent companies in Germany and also abroad. The police are authorised to have the bank accounts of the rip-off artists blocked and the money seized. The prosecuting authorities are also called in.
  3. Withdraw or contest contracts: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.
  4. Asserting claims for damages: Persons who were not advised correctly can assert claims for damages against the investment advisor.

Recovery Scam: Beware of dubious offers of help

Anyone who has ever lost money through a fraudulent investment platform knows how disastrous it can be. That alone is terrible enough. But on top of that, the criminals behind the bogus model contact you by email or phone call in a manageable amount of time. This time, however, they do not pretend to be online brokers from Paraiba World Switzerland.

Instead, they promise to help you recover your lost assets in exchange for a payment. Many rip-off artists even seem to have been hired or authorised by reputable companies such as a financial supervisory authority. After stealing your personal data, the perpetrators often pose as good Samaritans. They guarantee to help you recover the stolen money.

Even if you have invested money with a provider such as Paraiba World Switzerland, your contact information may be stolen. Those who have lost an immense amount of money are predominantly desperate. The criminals take advantage of people’s concern by calling themselves “recovery companies”.

They offer their services under the pretext of helping them recover their assets. This means they guarantee in a dubious manner that they will recover the lost assets.

Getting your investment back from Paraiba World Switzerland?

You have invested with Paraiba World Switzerland, or another provider? Now you are encountering difficulties with repayment? Then it is advisable to block additional payments immediately. This applies in particular if the broker suggests additional payments to compensate for losses. In addition, one should attempt to recover the lost capital.

Here, affected persons can seek investor protection and turn to the lawyers of our law firm. Our law firm examines both civil and criminal law options and possible claims for damages against the company and against involved payment service providers such as banking institutions.

“One can no longer speak of an individual case if a private investor loses money in online trading. Many investors are misled by the professional behaviour of financial providers and do not realise in time that they are not responsible for their loss.”

Our recommendation is therefore not to despair, but to react quickly and with commitment. Because the chance of recovering the lost money is often greater than the aggrieved investors think. Would you like to talk to one of our lawyers about Paraiba World Switzerland? Then you can go straight to our contact area here.