Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below.
Tax probe: Wise chief executive Kristo Kaarmann, from Estonia
D.P. writes: In February, I opened an account with GMGroup.pro and deposited £200. My investment grew at a startling rate, reaching £524. This made me suspicious so I tried to make a withdrawal and was told I would have to open an account with Wise, a payment transfer company.
In May, I opened the Wise account with a £20 deposit and instructed GMGroup.pro to transfer £300 into it. After several weeks they transferred £200, though my GMGroup.pro account showed a withdrawal of £300.
I took out the £200 from Wise, but now Wise says it has closed my account and if I want my remaining £20 I have to appeal.
Tony Hetherington replies: Let’s look at the easy bit first. The Financial Conduct Authority warns that GMGroup.pro is a scam. There is a genuine investment company called Global Markets Group, the regulator says, but the firm you have been dealing with is a clone. It poses as an investment business, trading in currencies and commodities, but it is not authorised. When I looked further, I found that GMGroup. pro is registered on the island of Dominica, at an address I have seen before in scams.
The company that runs it is called Infinium Solutions…
