Problem GreyMountain Management's Nest of Binary Scam Brokers

[Scam Reporters]

now maybe the Munich Prosecutor could accept complaints, also the E. Sixt attempt of class action ?

Frau Sixt is one tough lady indeed...

 

[oscarra]

Frau Sixt is one tough lady indeed...

Indeed, the team seems to have a rather tight successful jailing schedule, as you exposed it reaches highest levels of failures over years, regulator, auditors and probably a bunch of corrupted politicians behind, let’s see if ever some transparency will be allowed from the judicial authority’s, the Munich Prosecutor ?

Reuters….“The insolvency filing did not include its Wirecard Bank subsidiary, which holds an estimated 1.4 billion euros in deposits and is already under emergency management by BaFin.

hum, what happened here

 

[Scam Reporters]

Indeed, the team seems to have a rather tight successful jailing schedule, as you exposed it reaches highest levels of failures over years, regulator, auditors and probably a bunch of corrupted politicians behind, let’s see if ever some transparency will be allowed from the judicial authority’s, the Munich Prosecutor ?

Reuters….“The insolvency filing did not include its Wirecard Bank subsidiary, which holds an estimated 1.4 billion euros in deposits and is already under emergency management by BaFin.

hum, what happened here

Damage control by the state?

 

[mbreitfelder]

Nah, fines for BaFin to take and say, "Sorry suckas, nothing left for your stock losses, even though it was a fraud and we didn't do anything to stop it."

 

[Scam Reporters]

What have we learned in general when it comes to regulators?
Instead of prevention they are reactionary. Just like most of administrations accross any geography at any given point of time. Its not jus Bafin its EVERYBODY.
Instead of sanctions and swift action to protect those who pay for their salaries (state budgets), silence, ignoring and. (now) damage control, with a heavy emphasis in liability waivers.

Scammers operate for years in plain sight, everybody knows, nobody does anything.
This is the result now...

 

[Scam Reporters]

Will victims see their money again ever? Highly unlikely. Maybe part of them. That's all.
So the overall message that emerges is sadly very clear: cybercrime does pay out very well indeed,with relatively low chance of consequences. Sure, some will fall and ger jail time, but more will get out clean.
Sad but true.

 

[mbreitfelder]

Yup, everything goes to the top of everywhere. Billions upon billions theived every year with just about everyone being paid off, we aren't stupid.

 

[oscarra]

Nah, fines for BaFin to take and say, "Sorry suckas, nothing left for your stock losses, even though it was a fraud and we didn't do anything to stop it."

you might be wrong it could be worst no idea since when these emergency measures or why, should be on their site, however most likely the money belongs to their merchants, who ever they are

But The EU is investigating …..ha ha ha……

https://www.businesstimes.com.sg/ba...ard-to-proceed-with-business-after-insolvency

The European Union is investigating BaFin over the collapse of Wirecard, a rare measure that heaps embarrassment on Germany days before it is due to take over the EU's rotating presidency.

 

[oscarra]

Ah, Emergency Management……the measures were the Short Selling Prohibitions

 

[oscarra]

Anybody knows how this works, nothing more published on BaFin including WC Bank emergency management

https://www.bafin.de/SharedDocs/Ver...tikel/2020/fa_bj_2005_Pressekonferenz_en.html

“As a listed company, Wirecard AG is not subject to BaFin’s ongoing supervision……Focus on Wirecard, 12 May press conf.

https://www.bafin.de/SharedDocs/Ver...meldung_190923_wirecard_ag_geldbussen_en.html

Excellent, should as well be enforced for all Cypriot Brokers