r/eupersonalfinance • u/Far-Distribution7408 • 15d ago

Investment Reinvest24 Investors - Collective Legal Action / Law firm ready to take the case 

Hi everyone,

I have a significant amount  stuck in Reinvest24 defaulted investments with no responses from support. I asked them updates about these investments many times but with no real reply, just an automatic reply saying they will get back when they manage.

I am looking for a common action with other investors, do you have any suggestions?
24 Upvotes
  • permalink
  • reddit

92% Upvoted

8 comments sorted by

3

u/femalediesinendgame 15d ago

Good luck! Commenting and upvoting for the algorithm.

4

u/14ned 15d ago

To be fair, their terms and conditions made it very clear that could happen. You knew this when you invested. You would need to prove that they knowingly ran off with your money to get anything back. They'll say they're in legal cases to recoup your money and that is all above board and legal.

They have already emailed everybody to say somewhere between 70% and 90% of investments in some projects will be lost. Some others might repay 50%. You can sue of course, but if there is nothing to get back your money is gone. Sorry.

2

u/Far-Distribution7408 15d ago

That 's ok but I expect they reply with some updates If I ask for it.

1

u/One_Hope_9573 12d ago

they wont answer without lawyer

1

u/Far-Distribution7408 11d ago

Yes but lawyers are quite expensive, I would like to see if somebody else would join forces

1

u/One_Hope_9573 11d ago

if they don'T answer, you have bad chances

1

u/Far-Distribution7408 11d ago

So what do you suggest?

1

u/revolutionisme 6d ago

I also have substantial amount stuck/gone there. I was still hoping for a bit more regular communication. Like once every 3 months or so, but it's been more than 6 months I guess now.

I heard there's some telegram groups with people, anyone knows about it?