Why you should avoid cooperating with Platinum Finance?
The company Platinum Finance acts unfairly, deceiving clients and promising them high interest rates and excellent prospects. However, in reality, the only ones who benefit are the scammers responsible for the fraud, while the clients are left with empty pockets and shattered hopes. Let’s figure out why working with this company is a dangerous and unprofitable affair.
Interesting story of Platinum Finance: company overview
The history of the brand Platinum Finance began in the distant 2011, as claimed by its creators. The company’s official website contains information about multiple awards, but publicly, no awards have actually been received.
According to the website information, Platinum Finance is part of the group PLATINUM FINANCE LIMITED, registered in Britain (registration number – 07709683). The company lists an address in London, but it’s merely an attempt by scammers to present themselves in a positive light.
Although the holding PLATINUM FINANCE LIMITED was established in 2011, the Platinum Finance resource itself only started operating a couple of months ago. This raises questions about how operations were carried out for 10 years without an active website. Also, there are hardly any reviews left, despite claims that the company has 600,000 clients.
The scammers claim to operate lawfully under the protection of the regulator Financial Conduct Authority.
However, search results in the FCA do not confirm the existence of the company PLATINUM FINANCE LIMITED among registered corporations. It is likely that the scammers used data from public sources for their schemes.
Suspicious branch in Russia
Platinum Finance also operates in the Russian market, managed by a certain Victor Timoshin, whose name is associated with suspicious schemes.
Information about the Moscow branch of the British company “PLATINUM FINANCE CORPORATION LIMITED” is available on the platform list-org.com, where Mr. Timoshin is listed as the company’s manager. The address and year of creation match, but there is one big “but”.
The activities of “PLATINUM FINANCE CORPORATION LIMITED” are limited to providing only advertising services, contradicting the financial operations claimed.
The TIN provided by the company is not found in the official register of legal entities.
According to legislation No. 460-FZ, all dealers operating in the territory of the Russian Federation must have a license from the Central Bank. Platinum Finance does not provide evidence of holding such a license, indicating that it is a scam operating in the shadow sector.
False office in Estonia
Furthermore, Platinum Finance claims to have an office in Estonia, but in reality, it is only a virtual presence of the company. This allows scammers to hide in a different location.
Since the company claims to have an office in Tallinn, it should have a certificate from Finantsinspektsioon (Estonian financial inspection).
Manipulations and Fraud of Platinum Finance
The fraud scheme at Platinum Finance is based on bonus manipulations. Traders execute deals (controlled by scammers, of course), earn additional interest, but when requesting withdrawals, they are told to meet additional conditions.
The changes in the bonus program terms are arbitrary, and specific requirements are not described, allowing the company to change them at its discretion. Ultimately, clients lose their funds.
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Conclusion
The promises of the company Platinum Finance are nothing but deceit. Collaborating with them will bring you nothing but troubles and financial loss. To avoid falling into the hands of scammers, it’s better to refrain from working with them right now!
