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Looking for victims of potential fraud at Plus500 UK Limited
by
Freedom Capital
on 26/12/2013, 21:51:31 UTC
Looking for victims of potential fraud at Plus500 UK Limited

Company sold monthly Bitcoin CFD instruments to their customer base. Around mid November Plus500 suddenly closed all outstanding monthly Bitcoin instruments (expiry date 30/11 !) without consent from their clients. Clients found out by change that their BTC exposure "disappeared" despite monthly contract. Positions were closed at a BTC price of USD 582. As a consequence clients suffered significant losses due to lack of BTC exposure when prices continued to rise beyond USD 1200 in the second half of November.

I am currently in the process of collecting information to file regulatory and legal actions against Plus500 UK Limited. I want the regulatory authorities to have a look at this case and to decide if we have to deal with a fraud case or not.

If there are more investors who suffered from this "very honest" treatment of clients, please contact me here and we can share information etc. going forward.