First Alternative Group, which offered a “secure” spread-betting investment paying 3 – 6% per month, has (astonishingly) disappeared from the Internet.
The registration of firstalternativegroup.com was last updated on 11 August 2018 and remains anonymous. Google’s cache shows that the website was still operational on 21 August 2018, but it has since been replaced with a blank page and internal pages have been removed.
How do I get my money back from First Alternative Group?
UK investors should contact Action Fraud.
Recovery is unlikely in the extreme, and anyone who handed money to First Alternative Group should assume it is gone forever.
Just recently the “chickens are coming home to roost” as they say. One by one, the unregulated investments reported here seem to be updated as gone, questioned as a scam, ponzi scheme or changed their name (for bizarre reasons). I am waiting for one particular “black hole” to be updated 😉
The update seems to be drawing Brev into the murky world of the scammer and not just reporting unregulated bonds by some standard boiler plate but now having to call them out and naming them for what they are. I am loving these updates!
However, from bitter experience, notifying Action Fraud is, sadly, a total waste of time. http://pension-life.com/the-wheels-of-the-law-dont-seem-to-turn-at-all/
Munio Capital are trying to dissolve the company without advising investors. No one has heard from them since March 2018. Telephones, emails, letters all left unanswered. No one knows where or if the funds were invested. If the dissolution goes ahead they are free to go their own way and leave their investors high and dry.
Hi Linda, I think you left this on the wrong article.