- Report: #1523989
Complaint Review: Kingsway Portfolio Limited - Wales Wrexham
Reported By:
mike berman -
Sherman Oaks, ca, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Kingsway Portfolio Limited
Haswell Brothers Llp Pembroke House, Ellice Way, Wrexham Technology Park, Wales, LL13 7YT Wrexham, United Kingdom
Phone:
447868744153
Web:
https://kingswayportfolioltd.com/
Categories:
Business Rating:
(1)
Tell us has your experience with this business or person been good?
Kingsway Portfolio Limited https://kingswayportfolioltd.com/ BITCOIN Investment Company - that plays a bait and switch game to extract more funds when withdrawals are requested. Wales Wrexham
It’s very disappointing when Linkedin members are directly involved with and in charge of scam organizations. Dan Cryer unfortunately meets both criteria. He is the CEO of Kingsway Portfolio Limited (https://kingswayportfolioltd.com/) a bitcoin investment company that is apparently based in the UK that offers better than average returns. They incentivize members on Linkedin to recruit investors by offering them a percentage of the amount that the new members initially invest.
The investments are designed to show daily returns of .09 to 1.65% compounded daily of the overall balance of the account. The contracts are based on 90 day tranches after which the funds can be withdrawn or reinvested – or so they suggest at the time of initial investment.
The truth however is that at the end of the 90 day contract the investor is notified that in order to reinvest the funds an additional new investment must be made and that the overall balance of the account must be at the tier 3 $40,000 level to proceed. In addition, in order to withdraw the existing funds a 25% trader must be paid first.
There was no indication by the recruiter or documentation on the web site to indicate withdrawal, liquidation or reinvestment regulations. Even if there were, any fees should be automatically deducted from the daily totals, under no circumstances should an investor be asked to send in more funds in order to have existing funds released.
This is a classic bait and switch, and I was shocked that a Company that is potentially so exposed would dare to function in this manner. I believe that this is criminal financial fraud of a potentially large scale in that this Company appears to have some reach. The international scope of their investor base coupled with their utilization of unwitting third parties to further their fraudulent activity should make it worthy of investigation of both the FBI and Scotland Yard.
2 Updates & Rebuttals
Paul
Alaska,Alaska,
United States
I’m a victim of this scam
#2Consumer Comment
Sun, January 29, 2023
They are scammers, Please beware of them. People have lost ample amount of money because of them :/Asknetrecovery.com/ helped me get my money back
David
United StatesYou May find this helpful
#3Consumer Comment
Sun, January 22, 2023
I also fell victim to such scam loosing $19,000 to them. Fortunately I met someone who had also been scammed and he referred me to fill a crypto investigating firm complaint form:bit.ly/3i3bep7 that help in tracking and recovery of lost crypto. In case anyone has also been scammed once again here is the link once again to fill their complaint form: bit.ly/3i3bep7 .I hope this awareness gets to whoever has been scammed before to help recover their lost funds.
