Medprocess AG

Expired
Between 2016 and 2017, intermediaries distributed shares in medprocess AG, domiciled in Glarus (CH), to a large number of investors, especially in Germany and Austria.
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These intermediaries were BENSON BROKERAGE LTD (Ireland), Tick FX Trading Ltd (Gibraltar), Salomon Consulting (UK), Interinvest Group (Luxembourg), or LCM Brokers / Lead Capital Makers Ltd. (Cyprus). These intermediaries usually offered the medprocess shares to investors through cold calling or spam-e-mails.

Sales arguments were (as often) the prospect of an initial public offering (IPO) of medprocess AG in the near future or of a takeover of the company by a technology company that would buy back the acquired shares at a significantly higher price. Swiss Market Maker & Securities AG (CH), was repeatedly named as the company that would be responsible for coordinating the alleged IPO of medprocess AG.

Such sales arguments were used to achieve share prices of between EUR 1.80 and EUR 6.42 per share from unsuspecting investors. These share prices could neither be justified by past performance nor by a future forecast. However, only a fraction of the investors money actually arrived at medprocess AG. The absolute majority of the investments were diverted to accounts in Gibraltar, the United Arab Emirates or Germany.

If you have also acquired shares in medprocess AG, we will be happy to advise you on your legal options.

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