Dear investors, we’ve yet again discovered another possible scam entity known as “Vantage Financial Trust.” Before delving further, here’s a quick overview of the company:
- Firm: Vantage Financial Trust.
- Website: vantageft.com.
- Email: info@company.com.
- Telephone Number: N/A
- Location(s): Larnaca, Cyprus(main office), Jakarta Indonesia(branch), and Maryland, United States(branch).
- Registration Status: Unregistered.
Operating under the domain “vantageft.com”, Vantage Financial Trust purports to offer a myriad of services. For example, it claims to provide;
- Comprehensive securities issuance and transfer services.
- Corporate action services that supposedly guide organizations through processes like acquisitions, mergers, name changes, officers and directors changes, stock splits, and so on.
- A comprehensive range of services related to corporate reports e.g. shareholder lists, transaction journals, audit confirmations, and capitalization reports.
- Company certificate designing, formatting, and printing services.
- Services related to proxy voting in organizations.
- Records retention and electronic information services for companies.
Strangely enough, most of its so-called services are totally unrelated to online trading as you can see from the above list, raising doubts about its credibility.
Is Vantage Financial Trust really trustworthy as its name suggests? The answer is NO and here’s why it seems to be a fraudulent firm you don’t want to invest through it:
1. The U.S Securities and Exchange Commission
To start with, the U.S. Securities and Exchange Commission has sort of banned Vantage Financial Trust.
The commission normally bans companies that falsely claim to be registered, licensed, and located in the United States. On top of that, it cancels firms that impersonate genuine U.S registered securities firms, as well as entities that associate with fictitious regulators, or governmental agencies.
2. Unrelated Services
Secondly, this company offers a wide range of unrelated services beyond financial services, which could indicate several bad things as follows;
- Deceptive attempts to create a false impression of offering diverse services, and having stability as well as legitimacy.
- Efforts to attract a wider range of “clients” by offering additional services outside of finance.
- The wide range of services might serve as a front for illicit activities like money laundering and other forms of fraud. By claiming to provide many services, the entity might be attempting to disguise the origin or destination of questionable funds it has earned from illegal business operations.
- Lack of specialization or focus in one area. This raises concerns about its expertise and ability to provide quality services across the board. Matter of fact, legitimate financial services providers hardly offer unrelated services, unlike Vantage Financial Trust.
This entity has been soliciting members of the public with business or investment proposals through their website, email, and telephone calls. The company’s email address is info@company.com and its telephone number is +62 2129759220.
Should one of its representatives contact you via email or telephone, don’t cooperate with them because the U.S. Securities and Exchange Commission has issued a warning against this firm.
3. Vantage Financial Trust and Misrepresentation
What’s more, this firm claims to have the main office in Larnaca, Cyprus, and two branches in other countries—one in the United States and the other one in Jakarta, Indonesia.
Notably, it doesn’t provide a telephone number, leaving clients only with the option to contact the company through the provided email—info@company.com, which we don’t think is valid.
This is because the email domain—”company.com” is invalid as it automatically redirects you to another website—govastly.com.
Interestingly enough, Vastly(govastly.com) appears to be an email forwarding service.
It’s important to note that scammers may sometimes use email forwarding services as part of their deceptive tactics to:
- Mask their origins and identities.
- Avoid detection.
- Impersonate legitimate businesses.
- Orchestrate phishing attacks.
Further, we were able to get the company’s telephone number on zoominginfo.com. The business directory website shows +62 2129759220 as its telephone number.
Interestingly, +61 is the dialing code for Australia. This means that the person(s) behind this questionable website may be based in Australia.
Misrepresentation is a tactic employed by many scammers, including Apexnexia, to maintain anonymity, making it challenging for police and their victims to track them down.
Have You Fallen Victim To Vantage Financial Trust Or a Similar Entity?
If so, and you have proof of payment(s), report this firm and seek help. To do so, go to this page. You may also write to us at scamread@scamreader.info.
Final Verdict
To sum up, Vantage Financial Trust is a questionable firm shrouded in deception and lies. It’s unregistered and banned in the United States by the U.S. Securities and Exchange Commission. Further, it lacks transparency as evidenced by its provision of a third-party contact email and its failure to provide a telephone number. To make it worse, the website is still up and running, putting many US investors at risk.
FAQs
1. Who’s the person(s) behind Vantage Financial Trust?
Answer: The persons behind this fraudulent firm remain anonymous.
2. If Vantage Financial Trust(vantageft.com) was truly a scam, why then does scamadviser.com give it a high trust rating, stating that it looks safe to use?
Answer: One thing you should realize is that scamadviser.com is not trustworthy. This is because, despite zero positive Vantage financial trust reviews on the scam reporting website, the site goes ahead to give it a high trust rating, stating that vantageft.com looks safe to use.
It’s important to note that Scamadviser often uses misleading parameters such as domain age to generate website safety ratings. As long as a website has a domain that’s many years old, it automatically receives a high trust rating regardless of whether it’s trustworthy or untrustworthy, and vice versa.
3. What are the chances of recovering my money from these scammers through your services?
Answer: Unfortunately, we can’t give an answer because every case is different.