National Fraud Helpline solicitors is warning Moneda Capital victims who may be able to claim compensation via their banks to act as soon as possible.
Many Moneda Capital victims are eligible to reclaim their lost funds via banks’ fraud reimbursement schemes.
For investors who sent money after October 7, 2024, this means that they fall under the Payment System Regulator’s mandatory reimbursement model (MRM).
However, if a fraud victim does not make a claim within 13 months of their last payment being sent then the bank is entitled to reject the claim in accordance with the MRM rules.
Moneda Capital claimed to help investors get guaranteed returns form fixed rate interest savings accounts.
Investors were given a platform to login into which appeared to show their money safely invested in individual bank and building society savings accounts.
Many Moneda Capital victims sent money via Strowz Limited, an FCA regulated firm, which they were told helped to protect their savings if any losses occured.
The reality is that the platform was bogus and for many investors their money vanished.
The FCA has launched an investigation.
Martin Richardson, a senior partner at National Fraud Helpline, said: “We are concerned that some Moneda Capital victims are waiting to see what happens with the FCA investigation.
“National Fraud Helpline can help Moneda Capital victims recoup their money via the banks but they must apply for reimbursement within 13 months of their last payment if they fall within the mandatory reimbursement model.
“We do think this system is deeply unfair and we will be campaigning for the rules to be changed but until then it is important that Moneda Capital investors do not miss this window of opportunity.”
Find out more about: Moneda Capital Claims
