"Withdrawal Steps: Please first prove that your online banking (funds) have earned a profit of 10%." This is one of the content items in the withdrawal process published by a platform called "Wealth Kasse." This content is highly unusual, as it implies that if you have made a profit of ¥100,000, you must have ¥10,000 in your bank account to receive this profit. Such terms are unheard of and typically associated with fraudulent trading platforms. The account balance is ¥8,397, which is not enough to qualify for a withdrawal.
The complainant stumbled upon an investment community by chance, where the members were enthusiastically sharing screenshots of their profits and successful withdrawals. This piqued the interest of the complainant, who eventually couldn't resist asking how to join the investment. They then followed the group's instructions, registered a Wealth Kasse platform account, and deposited ¥10,000 as their initial investment.
Soon, the complainant's account showed a profit of ¥460,000, which made them very happy. However, they realized that withdrawing the funds was not as straightforward as it seemed. Their bank account had a balance of only ¥8,397, while a withdrawal of ¥460,000 required an account balance of ¥46,000. So, they sought help from their account manager, Ayu.
Ayu replied as follows: "The payment company just informed me that you need to transfer ¥10,000 to the payment company's account to create a transaction record. The bank will only receive the funds when they see the transaction record, and the payment company will take full responsibility. This money is only needed for the transaction record and will be refunded to you together."
However, as is often the case with scam artists, their words are designed to deceive. In reality, neither the initial ¥10,000 deposit nor the additional ¥10,000 transfer for the transaction record arrived within the agreed-upon timeframe. Looking back, the emphasis on the final ¥10,000 transfer being solely for creating a transaction record was a ruse meant to allay suspicions and facilitate another round of fraud.
Based on the information provided by the complainant, the domain for the Wealth Kasse platform was created on February 22nd of this year, making it a very new scam platform. Please be aware that the platform's official website is still accessible. Wealth Kasse's official website claims to provide trading services in forex, stock indices, commodities, and more, but it does not disclose the company's name or any regulatory information.
Although there is no verifiable regulation, we found that Wealth Kasse has been listed as a warning by the German Federal Financial Supervisory Authority (BaFin), stating that it provides unauthorized financial services. We urge everyone to stay away from it.
A Friendly Reminder from AihuiCha:
Legitimate trading platforms will not require you to pay any fees when applying for withdrawals. If you encounter such requests, you are likely dealing with a fraudulent trading platform that aims to scam you out of more funds. Yes, scammers often prey on the psychology of investors who are reluctant to give up their initial investment. Before depositing funds, please make sure to thoroughly verify the platform's compliance. Platforms like Wealth Kasse, which lack proper regulation, should be avoided as the most basic form of self-protection.
