Following numerous reports from defrauded clients, Giambrone holds imminent plans to act against CapitAlpha, in an attempt to retrieve lost investments.
Although reportedly fully regulated by CySEC, operating under the assurance that clients’ funds were secured in segregated accounts and offering fast deposit and withdrawal methods, CapitAlpha was allegedly part of a fraudulent scheme against investors.
As per numerous complaints by disappointed customers received at Giambrone, CapitAlpha has allegedly provided injurious and unfavourable assistance to investors resorting to their trading platforms. In addition, account managers at CapitAlpha are believed to have persuaded customers to invest significant funds (irrespective of their expertise or degree of understanding of trading) with the promise of increased returns on investments.
Vito Anello, Forex Litigation Executive at Giambrone, commented: "Our Forex Litigation department is currently negotiating an extra-judicial solution with CapitAlpha’s compliance department. Should this strategy not prove successful, Giambrone will start lobbying the competent authorities of the country where CapitAlpha is registered and authorised”.
This process is being carried out by a group of 15 experts from our Forex Department, which currently represents hundreds of victims of financial scams in the field of Forex, binary options and multi-level marketing.
Giambrone has already achieved great success in the field of Forex litigation, including the refund of more than $ 1,500,000 against TIRN and the recent proceedings before the Court of Massachusetts against the Telexfree group. More recently, Giambrone has announced an imminent class action against Banc de Binary.
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