Problem Valley Tech Spec Limited

[PK494]

Thank you very much for the information.

But this scam group is in China, and this scam group is very strong.
Hong Kong police should be very difficult to investigate and handle those cases, right?

I believe they will do something about it if more overseas people are complaining about the scams. Also, China is really good at cracking up all these crooks. At one point they were operating in Cambodia and the Chinese officials were able to catch them there. They are turning overseas because is more difficult for China to do anything with them, hopefully there's something to make them more difficult to further their operations.

 

[Peterwandel]

I am threatened with a lawyer. I am afraid that I will lose everything.

 

[PK494]

How to get money back?

You really have to be calm, 80,000E is a lot of money but these people won't give it back to you if you fell for a romance scam because if the company is fake and they are not in the business of real trading but just scamming, then there's no way for you to get it back.

You can hire anyone you want but they will also just going to take your money and can't do anything about it.If it makes you feel better and still have money, sue MT5 or MT4 and pressure your local police and force them to catch these people.

Good luck brother!

 

[Shah81]

One of the option is contact your bank and ask them to recall the payment because vts is fraudulent company, hopefully if the bank gets a lot of these request they will be obliged to pay back.

 

[Peterwandel]

One of the option is contact your bank and ask them to recall the payment because vts is fraudulent company, hopefully if the bank gets a lot of these request they will be obliged to pay back.

But what if it's been a while.

 

[Shah81]

As its a scam and as long as the money is in your trading account bank have the right to recall it. Obviously its a long shot but if many request are made vts's bank will have to take some responsibility

 

[Peterwandel]

I've tried it before but it was unsuccessful

 

[sundvold]

i made the money transfer with cryptocurrency. I think i have lost everything

 

[Shah81]

Mt5 should take full responsibility that was the only reason i invested as it was through their platform, i really cant see how they can allow such scam. Has anyone contacted mt5 and have their contact details

 

[run35]

Did you get a letter like that too?

Velley Tech Spec
Dunning letter

Mr. Weigel Peter:
The legal department of MetaTrader5 company accepts the entrustment of VelleyTechSpec (referred to as "VTS company" in the letter), and assigns us as its agent in accordance with the law to deal with the financial funds owed to the principal by you. Now because of the facts and legal issues that you owe the client's money, I will formally inform you:
We received and reviewed the following materials from Mr. Weigel Peter:
1. A screenshot of the record of 62,307.42 USD of your operations in the MT5 system;
2. Proof of the reason for the formation of the record;
Based on VTS's statement and our review of the above materials, we initially determined the following facts:
1. A screenshot of the record of USD 62,307.42 in debt that you personally operated on July 20, 2020.
2. Up to now, you have not repaid 62,307.42 US dollars in arrears of financial transactions to the principal in accordance with the "contract terms".
Based on the aforementioned facts, we put forward the following legal opinions:
1. The legal relationship between VTS and you is clear, and you should perform the debts owed to VTS in time.
2. Mr.'s act of overdue repayment of the arrears has violated relevant laws and regulations, and he shall be liable for breach of contract according to law. Mr. Weigel Peter should continue to perform the obligation to pay 62,307.42 US dollars in arrears in accordance with the law.

We made the following requirements:
1. You must pay all the money to the client within 5 days after receiving this dunning letter. Otherwise, we will take legal measures to pursue your legal responsibility to protect the legal rights of the client. The contact number of Mr. Weigel Peter: +49 170 7512814; the contact number of client customer service: +852 61374548.
2. If the repayment obligation is not fulfilled within the above time, this judicial affairs will bring the agent client to the court to pursue your legal responsibility through legal means. At that time, the client will no longer reserve room for friendly negotiation with you. Not only will you have to pay the arrears in full, but you should also pay the client overdue interest, litigation fees, attorney fees and all related expenses in this case All are borne by you.
Sincerely, Shun!

Please be cautious to avoid tiring litigation!
Specially informing!

MetaTrader5 LegalDepartment
Time: July 23, 2020

VTS Company Address: Churchill House, 142-146 Old Street, London, EC1V 9BW
Post Code: BS25 5LX

Hmm I dont know how broker's connection to stock exchange completely works, but my understanding is Metaquotes is software company, so they sell their software MT5 to anyone who pays the same way Microsoft is selling Windows.

Watching this letter then, I would contact Metaquotes (Metatrader 5 is platform not company so it cannot have legal department I guess) and ask their opinion, maybe they would be interested. (Still it looks a little strange, I mean you can write Windows 10 LegalDepartment the same way)

Still, please correct me if my understanding is not correct, or something needs to be added.