It’s a fantastic 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 World, in accordance with the Danish Monetary Markets Authority (FMA), has been soliciting funding from individuals within the Nordic nation.
A press release 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 cellphone numbers, one Japanese and the opposite Danish, on its somewhat rudimentary web site.
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Right here at Finance Magnates we’ve some expertise with these explicit corporations. On one event, this creator went to the workplace agency, just like LCM World, 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 World really does have places of work in Japan and Denmark. It’s way more possible that they’re lurking someplace in Jap Europe.
LCM World – totally different merchandise, identical rip-off
In contrast to different funding scams, which are likely to concentrate on attracting individuals by way of get-rich-quick cryptocurrency or overseas alternate investments, LCM World portrays itself as an funding supervisor. What investments it really manages is unclear, nonetheless, from the corporate’s web site.
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One Reddit assessment of the positioning signifies that, although it might be not offer the popular merchandise of rip-off artists, LCM World operates the usual huckster mannequin; “ship us your money. Oh, you may’t withdraw your money in the meanwhile but it surely’s doing very well, ship us some extra.”
As soon as the sufferer has been bled dry, they may then discover themselves left with no technique of contacting the corporate and no manner of getting their a refund.
The lesson in all of this – steer clear of LCM World of us.