Polish Police arrest 20 Staff of Forex call center Amplio Investments. The statement from Polish police has alleged that the company has engaged in the fraudulent practices. According to the officials, the company has been using false advertisements and solicitations.
11 April, AtoZForex – Reportedly, the Polish police have carried out a raid on the office of Amplio Investments in Warsaw. The firm is operating call centers for some of the Forex brands in the market. These include CFD 1000, VORTEX ASSETS and MIB 700. The Polish police have stated in the press release that they have arrested 20 of Alplio Investments’ top managers and salespeople.
Polish Police Arrest 20 Staff of Forex Call Center Amplio Investments
Police Central Investigation Bureau (CBŚP) officers have accused 36 workers of the provision of investment advice without any valid license in place. Moreover, the workers have been accused of aggravated fraud. It is also known that all of this has taken place in the period between 2016 and 2018.
The statement from Polish police has alleged that the company has engaged in the fraudulent practices. According to the officials, the company has been using false advertisements and solicitations. Reportedly, the victims of the company have claimed that they did not have any remaining funds on their accounts after being contacted and misled.
Furthermore, authorities believe that Amplio Investment has also served as one of the key operators of several investment scams. The victims of these scams are reportedly based in multiple countries, such as Poland, Italy, Russia, and Kazakhstan. In the period of the past six months, the officials have received 350 complaints. Yet, the police claim that there were other victims that did not report their cases, as it became known after the investigations.
Clients have lost more than $5.30 million
After the closure of the Forex and CFDs brokers, clients have lost more than PLN 18 million ($5.30 million), the report from police states. The authorities have seized some of the assets of suspected brokerages.
The clients have been tricked into investing their money with Amplio Investments, who have misrepresented themselves and provided false documentation.
As per the investigation, the sales staff have been utilizing a very aggressive way of soliciting investors. It appears that they have been promoting their services as very profitable and trustworthy while trying to convince investors to deposit large funds with them. Once the scheme worked, the clients received a financial advice from the brokerages that led them to bankruptcy.
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