Investment

LCM Global ‘Investment Managers’ Join Danish FMA’s Warning List

It’s a nice winter afternoon within the icy metropolis of Copenhagen and, within the depths of the Nordic capital’s monetary district, the native regulator has added one other agency to its warnings listing. LCM Global, in accordance with the Danish Financial Markets Authority (FMA), has been soliciting funding from individuals within the Nordic nation.

An announcement launched by the FMA signifies that the agency is working out of Japan and Denmark. That view appears to be primarily based on the truth that the agency lists a few telephone numbers, one Japanese and the opposite Danish, on its moderately rudimentary web site.

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Here at Finance Magnates we’ve got some expertise with these explicit corporations. On one event, this writer went to the workplace {that a} agency, much like LCM Global, had listed on its web site and located nothing however a frumpy Essex woman who was ready impatiently to go house because it approached 5 o’clock on a Friday afternoon.

Thus, it’s extremely unlikely that LCM Global truly does have workplaces in Japan and Denmark. It’s way more seemingly that they’re lurking someplace in Eastern Europe.

LCM Global – totally different merchandise, identical rip-off

Unlike different funding scams, which are inclined to give attention to attracting individuals by way of get-rich-quick cryptocurrency or international alternate investments, LCM Global portrays itself as an funding supervisor. What investments it truly manages is unclear, nonetheless, from the corporate’s web site.

One Reddit evaluation of the location signifies that, although it could be not offer the popular merchandise of rip-off artists, LCM Global operates the usual huckster mannequin; “ship us your money. Oh, you possibly can’t withdraw your money for the time being nevertheless it’s doing rather well, ship us some extra.”

Once the sufferer has been bled dry, they’ll then discover themselves left with no technique of contacting the corporate and no means of getting their a refund.

The lesson in all of this – avoid LCM Global people.

 

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David

David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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