Fake investment platforms are among the fastest-spreading types of fraud in recent years. With professional-looking websites, fake "profit" screens and convincing "advisors," they lure victims into a trap with promises of high returns. In this article, we cover both how to recognise these platforms in advance and the legal steps you should take if you become a victim.
Important: This article is for general information only and does not constitute legal advice. In case of victimisation, each case is assessed on its own circumstances; it is important to consult an expert lawyer.
The golden rule: Before investing, verify the platform's licence from official sources. No structure without an SPK licence can legally collect money from investors in Turkey.
If additional payment is requested for withdrawal, absolutely do not send it; this is part of the fraud. Do not incur further loss.
Bank receipts, platform screenshots, correspondence with the "advisor," details of the account you paid, and any crypto transfer records (TxID).
File a criminal complaint with the Public Prosecutor's Office for qualified fraud (TCK Art. 158/1-f). Request that the accounts in Turkey to which you sent money be frozen.
Enforcement proceedings and a tort compensation claim against reachable persons/companies in Turkey; a chargeback application to the bank for credit card payments may be considered.
Fake investment platform fraud falls under qualified fraud committed through the use of information systems (TCK Art. 158/1-f). The statute of limitations for this offence is 15 years. For compensation claims, the limitation periods are 2 years from learning of the damage and the perpetrator, and 10 years in any event (TBK Art. 72).
A person who deposits money in a fake investment platform is the victim of fraud and bears no criminal liability. Feeling ashamed and hesitating to apply only benefits the perpetrator. Early and determined legal application both increases the chance of recovery and helps prevent the same platform from creating other victims.
We are by your side in cases involving fake investment platforms and investment fraud — covering evidence collection, criminal complaints and refund processes. Request a complimentary initial consultation to assess your situation.
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