Erscheinung:27.11.2023 | Topic Unauthorised business, Consumer protection investierung.co: BaFin investigates website operators and warns consumers of a case of identity fraud
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website investierung.co. According to information available to BaFin, the operators are providing financial and investment services on this website without the required authorisation.
The operators refer to themselves as “Investierung” without providing any information about the legal form. The operators claim to have their registered office at an address in Zurich, Switzerland.
In the legal notice, the operators claim that the services are offered by EUWAX Aktiengesellschaft, a company that has been granted authorisation from BaFin. This is not the case. There is no business relationship between EUWAX Aktiengesellschaft and the website operators or any of the offers they are making. This is a case of identity fraud committed by unknown perpetrators against EUWAX Aktiengesellschaft. In the past, the operators also operated the websites investierung.net, investierung.ch and investierung.com, which have now been deactivated.
Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
