Germany’s Federal Financial Supervisory Authority (BaFin) has issued a formal warning against goldberg-cap(.)com, an unlicensed investment services platform claiming to operate from London. The regulator cautioned consumers that the website’s operators, identifying themselves only as Goldberg Capitals without disclosing legal structure, are offering financial and investment services without required authorization.
- Entity name: Goldberg Capitals
- Claimed jurisdiction: London, United Kingdom
- Regulatory violation: Operating without BaFin authorization
- Legal basis: Section 37(4) of the German Banking Act (KWG)
Any company offering financial or investment services to German consumers must first obtain authorization from BaFin. The regulator maintains a searchable database of licensed firms, which potential investors can consult to verify a company’s legitimacy before engaging with it.
BaFin, the German Federal Criminal Police Office (BKA), and state criminal police offices have jointly alerted consumers to exercise caution with internet-based investment platforms. The authorities advised prospective investors to conduct thorough research and due diligence to identify fraudulent schemes early. BaFin’s website provides a dedicated section on recognizing financial fraud and lists current warnings about unauthorized companies operating in Germany.
This warning underscores ongoing regulatory efforts to combat investment fraud targeting German consumers. Investors can consult BaFin’s fraud-prevention resources and cross-reference any investment firm against the regulator’s authorized companies database before transferring funds.
