• Report:  #1517049

Complaint Review: Aspen Asset Management AG - Zug Zug

Reported By:
BOB - Grange, South Australia, Australia

Aspen Asset Management AG
Baarerstrasse 43, Zug, CH-6300 Zug, Switzerland
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As an intermediary wealth manager and advisory, Aspen Asset Management Ag, provides its clients with trading recommendations for private equity trades across Asia. As a new client, Aspen Asset Management AG will suggest to its clients to take a position in a private company that it claims is a target for hedge fund takeover.

They will suggest that you can buy shares for $1 and that they have the sale of the shares locked in at a much high price, say $2.85. They will confirm that date and time of the expected sale transaction and will tell you that the hedge fund has already put the money in the escrow account so there is zero risk for the transaction not to complete. They will provide you will a receipt and a statement of account when the shares have traded.

Moreover, separately you will be able to confirm with the share registry of the company whose shares you have purchased to confirm that you have acquired the shareholding. A week or two after you have sent your money and you follow up to confirm that the sell transaction with the Hedge Fund has completed, they will positive first of all, but will then respond with an excuse that the transaction is incomplete because of a factors outside of their control.

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Moreover, they will suggest that the transaction can be completed but it will require you to top of your shareholding to increase the volume that’s required to fulfil the proposed transaction. Once you have fallen for this, they will manufacture another excuse next time around, which will be what they call ‘equity bonding’, that is buy more shares in the target company that is providing the hedge fund with a bond to ensure that the transaction is completed……and so it goes on…..rinse and repeat. In the end, they will tell you that you can’t be part of the trade to the Hedge Fund because you don’t meet the criteria required and now you are stuck with the shares.

Now the real problem is that the company that you are buying shares in is in a company that either doesn’t actually exist or if it does exist, it’s a penny company that they have sold you in to for a dollar. Again, if background check their details, you will find it’s a company with a website and has been registered for a few years.. Don’t be fooled by press releases found on the internet. It’s unlikely to have any personnel associated with it for good reason…

So how does Aspen Investment Management AG benefit out of this? Firstly, it the traditional wealth management fees which they are entitled provided they have no other conflict, however, they are selling a dud investment with either possibly fake share certificates, or have simply misrepresented a penny stock that they have sold you into for a dollar.

As the client, requests a trade out of stuck trade, they will tell you that they need to focus on completing the Hedge Fund trade before they can look at liquidating your shares at a fraction of the price you paid for them. They will put you in a precarious place financially and then offer a rescue package, this is what charlatans do.

This is exactly what happened to me, Christian Lawrence was the ‘account manager’ and came across as a slippery used car salesman, perfect for the role conman on the occasion, in my opinion.

My advice is to stay far away from Aspen Asset Management AG, they are not reputable as they are running a fraud deception scheme and are currently under investigations by the authorities in South Korea, Hong Kong and other jurisdictions.

3 Updates & Rebuttals


Aspen Asset Management AG Scam Alert Update - www.hyprvue.com

#2Author of original report

Tue, March 29, 2022

We have received several other persons who claim to be victims of the Aspen Asset Management AG fraud scheme. It appears that it is the same scheme which involves Christian Lawrence and Spencer Taylor offering stock in a private Hong Kong based company, Hyper Vision Limited - www.Hyprvue.com.

The too good to be true offer is that a Hedge Fund is going to buy this start-up for $3.85 a share with a plan to acquire control and then strip the company of its assets, and Aspen Asset Management AG has access to Founder's shares @ $1 per share, and is offering its clients a no risk 3.85x their monies return in a short space of time.

Of course Aspen Asset Management AG claims that they are under a non-disclosure agreement with the Hedge Fund and therefore cannot disclose any further details on the Hedge Fund and/or takeover target. The likely reality is that Aspen Asset Management AG is possibly representing a fake company with no discernible registration in any real jurisdiction.

We have investigated this offering and have found that the true Hyper Vision Limited is represented by www.hypervision.tv and the true directors of this company deny any representation or association with www.hyprvue.com and the proposed transaction. They have suggested that their company registration details are being hijacked and used by this fake company, on issued Street Name Share Certificates which we believe are a elaborate scheme to defraud investors.

If anyone else has been adversely affected by these scammers at Aspen Asset Management AG, please feel free to get in touch.


South Australia,
Nominee Directors Disclaimer

#3Author of original report

Fri, March 25, 2022

Whilst the Nominee Directors of Aspen Asset Management AG have been named as Juergen Kob and Andrea Elia and there associated company Libra Trust AG, there is no suggestion by the complainant that these Directors and their Company were aware of or participated in any fraudulent activities that were alleged to have taken place as outlined in the previous article. They are being identified in the article due to being Company Directors at the time of the alleged fraud.


United Arab Emirates
Nominee Directors

#4Author of original report

Fri, March 25, 2022

Disclaimer: The above article is not suggesting in any way, that the Nominee Directors of Aspen Asset Management AG, Juergen Kob and Andrea Elia were aware of or participated in any fraud scheme. However, it is alleging that they were both Nominee Directors at the time the alleged fraud by Aspen Asset Management AG occured.

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