Problem eToro blocked account several times with leverage 5 and says that the origin of my money is illegal but won't refund the deposit. 72043€ taken

[oscarra]

Do I have to accept the binding nature of Financial Ombudsman decision?

No, but i would show some good will

 

[davideitaly]

Hello everyone
LAST UPDATES

The Court of Appeal, in Spain, decided to name Europol to investigate on eToro because the misappropriation because of its own anti laundry policy.

Financial Ombudsman messaged me that is going to give its response soon.

I hope Europol will find all the truth on this "broker" that is giving these scams to many people from all over the world, closing accounts, misappopriating money, rejecting official documents signed by Banks as proof of the source of money, simulating "investigations" on people's account, using the European Anti Laundry Policy to commit crimes of misappropriations and scams.
Many people are in touch with me because are apparently victim of the same consolidated "scheme", the eToro anti laundry policy.
Indeed, national judges won't to prosecute eToro that didn't even answer to the Spanish Police.
It has been so difficult to me to get this pronunciation by the Criminal Cout, as judges always try to cover these kinds of criminal activities considering it a contractual matter, civil, not criminal law.

We can imagine how is it possible eToro eanings are "only" 1.2$ billons for "only" 2021, and how it is still representing the official sponsor of many football teams like: Monaco, Arsenal, Leicester, Everton, Wolfsburg, Union Beril, Udinese, Verona, Genoa, Frankfurt, Vitesse, Slavia Praga, Bologna etc..

All this in 2022 with institutions like CYSEC and its representants that have all powers and duties to limit and stop eToro but they know everything and don't do nothing because are probably well paid as said me by videoconference an associate member to Cysec on LinkedIn that advised me only to denounce to the Police and ask to get the Europol intervention.

More all European Nationals authorities like Consob, CNMV, the English one FCA involved, all well paid, authorizing and giving to eToro their national license to operate online, then "allowing" these renowned criminal practice, as eToro is still opened and have been also investigated of Market Manipulation and it is practically operating everywhere, because it has got simply institutional powers:
something like the American-Israelian Mafia established in the tax haven Cyprus cannot be closed, the system needs it, eToro is a money machine.

As always, victims are only investors and consumers and when these kinds of "brokers" are finally discovered and closed, not even the eToro case, eToro will probably never close, their agent open a new one, a new "broker" name, a new activity, nobody goes to the jail, nobody is responsible, more money to get and people to scam.

We will see, stay tuned.

 

[FxMaster]

Hello everyone
LAST UPDATES

The Court of Appeal, in Spain, decided to name Europol to investigate on eToro because the misappropriation because of its own anti laundry policy.

Financial Ombudsman messaged me that is going to give its response soon.

I hope Europol will find all the truth on this "broker" that is giving these scams to many people from all over the world, closing accounts, misappopriating money, rejecting official documents signed by Banks as proof of the source of money, simulating "investigations" on people's account, using the European Anti Laundry Policy to commit crimes of misappropriations and scams.
Many people are in touch with me because are apparently victim of the same consolidated "scheme", the eToro anti laundry policy.
Indeed, national judges won't to prosecute eToro that didn't even answer to the Spanish Police.
It has been so difficult to me to get this pronunciation by the Criminal Cout, as judges always try to cover these kinds of criminal activities considering it a contractual matter, civil, not criminal law.

We can imagine how is it possible eToro eanings are "only" 1.2$ billons for "only" 2021, and how it is still representing the official sponsor of many football teams like: Monaco, Arsenal, Leicester, Everton, Wolfsburg, Union Beril, Udinese, Verona, Genoa, Frankfurt, Vitesse, Slavia Praga, Bologna etc..

All this in 2022 with institutions like CYSEC and its representants that have all powers and duties to limit and stop eToro but they know everything and don't do nothing because are probably well paid as said me by videoconference an associate member to Cysec on LinkedIn that advised me only to denounce to the Police and ask to get the Europol intervention.

More all European Nationals authorities like Consob, CNMV, the English one FCA involved, all well paid, authorizing and giving to eToro their national license to operate online, then "allowing" these renowned criminal practice, as eToro is still opened and have been also investigated of Market Manipulation and it is practically operating everywhere, because it has got simply institutional powers:
something like the American-Israelian Mafia established in the tax haven Cyprus cannot be closed, the system needs it, eToro is a money machine.

As always, victims are only investors and consumers and when these kinds of "brokers" are finally discovered and closed, not even the eToro case, eToro will probably never close, their agent open a new one, a new "broker" name, a new activity, nobody goes to the jail, nobody is responsible, more money to get and people to scam.

We will see, stay tuned.

Thanks for the update, can you also post links to where the attachment came from and any other items from police or regulators?

 

[davideitaly]

Meanwhile Financial Ombudsman covered the eToro behavior, rejecting my complaint.
These Cyprus Institutions, Cysec, F.O., are totally corrupted and also a Cysec Associate members who I have been in touch with on LinkedIn told me that this is how it works in tax haven Cyprus.
They are based there because of the free tax and because there they have protection.
Tribunals are totally corrupted and Instittuions always protect brokers.
But I still hope Europol will discoveer eToro's real job.

Thanks for the update, can you also post links to where the attachment came from and any other items from police or regulators?

The extract attached comes from the Audiencia Provincial of Granada, Spain, that is an equivalent to the Appeal Court. It is not public as Europol by means the "European Order of Investigation" has been named today by the Court and will be investigating because of the eToro misappropriation/scam because of its own anti laundry policy, a real strategy by means many people have been victims, I mean scam, because eToro rejects official documents related to the investor patrimony to close the invesor's account and appropriate money.

 

[FxMaster]

Meanwhile Financial Ombudsman covered the eToro behavior, rejecting my complaint.
These Cyprus Institutions, Cysec, F.O., are totally corrupted and also a Cysec Associate members who I have been in touch with on LinkedIn told me that this is how it works in tax haven Cyprus.
They are based there because of the free tax and because there they have protection.
Tribunals are totally corrupted and Instittuions always protect brokers.
But I still hope Europol will discoveer eToro's real job.


The extract attached comes from the Audiencia Provincial of Granada, Spain, that is an equivalent to the Appeal Court. It is not public as Europol by means the "European Order of Investigation" has been named today by the Court and will be investigating because of the eToro misappropriation/scam because of its own anti laundry policy, a real strategy by means many people have been victims, I mean scam, because eToro rejects official documents related to the investor patrimony to close the invesor's account and appropriate money.

Thanks for it mate

 

[mauricio727]

Dears,

I am really destroyed and have to comunicate that this company eToro is scamming people in different ways and me 72.043€ deposited during six months!
I ve registered on July 2021 and verified the account and deposited step by step all this quantity.
Suddenly on January 2022 they sent me "important information regarding your account" a comunication that my account is under an investigation,
they asked me to provide all my money where come from and at first I was shocked as my money are on differents brokers and bank accounts and never asked me all this, but however, after they blocked me my account I ve provided them all documents to show that my money are legal, that my grandma left me this amount on 2008 with a bank statement and the picture of the transfer of the huge amount my grandma left me to live as my father is very ill and I ve to support him all his life long.
I was investing money thinking that eToro was a reknown company well known everywhere and that is a sponsor on team footbal t-shirts, has a social, is famous but no!
Notwishstanding they told me my money are not legal and the provenience is not proved but there is a bank statement official, the picture of that transfer, 6 bank accountds statements provided, and today they tried also to make me rest on the platform for other threee weeks but acepting the risk that I can lose more money...but my money are not illegal?
They say they will close my account and they refuse to refund me all the deposit with leverage 5, 72043€ invested, my future my life ruined, I would never imagine all this happening and real, an unemployed person is a problem because I couldn't receive a gift from my grandma and they use like an "excuse" to ruine my life and steal all my money..they cannot offer and verify the account and after 6 months taking advantage of the market start to treathen clients like me.
That s also not at all, they use lots of tricks to scam people like closing markets before than official times, closing positions with a stop loss that for all liquidity providers never reached that value, suddenly differents spread rates that change and suddenly comissions higher on cfd instruments, site in mainteneance.
I ve lost 72043€ on their hand and this has to be public as I am a lawyer a honest person, I ve sent all original documents.
I would like your help if is possible to speak with them to justify the provenience of my money, I am not scared to tell to everyone in the world what this company did to me, treating me like a "criminal" but they are the real one that steal money from clients.
If my money are illegal why they are not denouncing it to the police? if my money are illegal why they want to allow me to rest for other 3 weeks? if my money are illegal and I couldn't invest them and positions are not closed why they don't give me back the refund of all deposited?
I was admiring Assia and the idea the geniality of a social broker but it is only an appearance a cover
My life ruined 72043€ deposited on this s***
I will do everything in my life to denounce this to all authorities as I am a free person to invest my family money I ve received 15 years ago !

They are thieves, friend, unfortunately the Internet has been full of criminals for some time now and it seems that there is no one to control this, I also lost about 4000usd in total with etoro, they are potential criminals

 

[oscarra]

Meanwhile Financial Ombudsman covered the eToro behavior, rejecting my complaint.

WHY ? could you post their return


https://cyprus-mail.com/2023/10/24/...stment-firms-no-tolerance-for-non-compliance/

https://fintelegram.com/cysec-chair...rus-investment-firms-to-recognize-compliance/

CySEC chairman George Theocharides stressed there would be no tolerance for CIFs that do not comply with the regulatory framework.

The chairman says “ ZERO – TOLERANCE , but no investigation or outcome for Etoro, strange probably big time to file a complaint with ESMA and send the full story back to George !

I don’t think this EU Police will recover the remaining funds, their workload might just be too tremendous

https://www.cysec.gov.cy/public-info/decisions/

https://www.esma.europa.eu/supervisory-convergence-tools/breach-union-law

…there is also some EU Ombudsman phone nb. Very friendly and helpful , most likely they will lead you to ESMA as well.