Fintoch has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to SCF. We’ve received over 5 complaints against Fintoch.
The fall of the Fintoch Ponzi scheme resulted in large losses and a new attempt to rebrand as Standard Cross Finance (SCF), prompting suspicion and alarm. Fintoch is unregulated and operates without a license, making it difficult for victims to seek redress. Be cautious of unregistered organizations and shady investment schemes. If you are affected, consider submitting a chargeback and remaining wary of scammers’ techniques. If you have information about such fraudulent acts, please join our Whistleblower Program. Victims’ complaints about poor customer service and financial hardship highlight the dangers. To avoid scams, always check reviews and regulatory status before investing.
Key Takeaways
Is Fintoch Regulated? Do They Have a License?
The Fintoch Ponzi fraud has left a path of shattered assets and unaccounted losses in the volatile world of internet banking, leaving investors reeling from the aftermath.
The latest announcement of its relaunch as Standard Cross Finance (SCF) comes as a surprise, creating mistrust and worries among those who have already been impacted as well as prospective new victims.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Fintoch is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Fintoch, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Fintoch
Fintoch used a variety of payment and withdrawal methods during its operation, creating the appearance of legitimacy.
The promise of substantial profits and supposedly broad financial options drew investors. However, the complex web of payment channels made it difficult for regulatory organizations to track and reclaim funds after the collapse.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Fintoch Customer Service: Do They Handle Complaints Well?
Fintoch’s track record in dealing with investor complaints remains a major source of worry. Despite the fact that their scheme failed and investors suffered significant losses, there has been a lack of responsibility.
According to reports, the people behind Fintoch have avoided facing the repercussions, leaving impacted investors in the dark and with unresolved issues.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Fintoch Reviews: What Do Others Say?
Customers who fell prey to Fintoch’s plan exhibited a range of emotions, from annoyance to serious financial sorrow.
Many people have told stories about significant financial losses, disappointed hopes, and the catastrophic impact it had on their lives.
Complaints regarding a lack of reaction, disinformation, and a lack of recourse have been common among individuals affected.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Fintoch tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Fintoch reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Fintoch, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Fintoch enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Fintoch reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Fintoch.
You should always look out for consumer complaints. In the case of Fintoch, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Fintoch? You can share your complaint in the comment section or submit an anonymous tip.
Is Fintoch Legit Or Scam?
The plan to relaunch as Standard Cross Finance has raised mistrust among investors. The presence of those connected to the prior Ponzi fraud, most notably Joel Fry, raises red signals. SCF’s ostensible development of a “leading-edge financial chain” or blockchain technology appears to be a frantic attempt to attract new funding rather than a genuine initiative.
The introduction of additional cryptocurrencies linked to SCF—FinSBT and FUSD—increases the skepticism surrounding this reboot. These attempts to generate new investment options may simply be a smokescreen to keep future concerns from appearing and to lure naive investors into another trap.
Fintoch is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Fintoch can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Fintoch?
All the evidence suggests that Fintoch is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Fintoch a scam?
Can I withdraw money from Fintoch?
Where is Fintoch Located?
How do I get my money back from Fintoch?
How The Fintoch Online Scam Works
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
