Questions & Answers
How to claim promised unpaid returns on investment with a cryptocurrency company?
Hello Sir,
Subj: First Islamic CryptoCurrency (FICS)
An investment company called [------] based in RAK started receiving investments in FICS in the year 2019.
In March 2019 I had invested AED 50,000 (the value of one Crypto token is USD 0.10) and they offered an initial bonus of 30% for the total investments as well.
After one year of the investment, they informed me that all my total investment is shifted to [S] account.
After some time, they informed me that [S] has tied up with the [----] platform and we can start very soon the trading.
Unfortunately, no trading has been started yet, also I am unable to contact anyone in this company [A] or [S].
Kindly advise how can I get my money back, should I file a criminal case against it? Do you think this is a fraud?
Looking forward to your kind reply.
K. M.
Dear questioner,
You need to try to contact someone to verify the existence of this company and the legitimacy of its business operations.
If no success is achieved, we advise that you make a criminal petition to the police with regard to the crime of fraud.
We can aid you if you wish, but we need all documents and details sent to us on the phone number or Whatsapp.
Good luck.
Dear Questioner,
I recommend you appoint a lawyer to file a claim against the company. The claim should be criminal and civil.
You can contact me at mt email.
Hello,
Please note that you can send a legal notice, provided we have to know the terms of the contract and also the jurisdiction of the area, where the incident happened or the jurisdiction as per the contract or the head office of the company or the agent.
Please call or e-mail us.
Disclaimer- The above-referred view is not a legal opinion, these opinions cannot be challenged or presented before any court of law.
