Hong Kong Court Orders Maxim Capital to Repay Investors, Raised $21.6 Million from 260 Investors with 3% to 8% Monthly Returns
9th June 2022 | Hong Kong
The Hong Kong Court of First Instance has ordered Maxim Capital and Maxim Trader to repay more than 260 investors who had invested $21.6 million (HKD 170 million) since 2013 in investment scheme with promised payout of 3% to 8% monthly returns. Since 2015, investors had stopped receiving the payout from Maxim, and were informed their investments had been converted into shares (Hong Kong SFC view as worthless). Hong Kong SFC: “In November 2015, the SFC obtained interim injunction orders to freeze monies totalling approximately $23.5 million held by Maxim Capital with a licensed money service operator in Hong Kong. The Court has appointed administrators to receive, administer and distribute the frozen monies to the affected investors on a pro rata basis. The Court also ordered Maxim Capital and Maxim Trader not to hold themselves out as carrying on a business in regulated activities whilst unlicensed and to suspend their websites.” (SFC ~ Hong Kong Securities & Futures Commission)
“ Hong Kong Court Orders Maxim Capital to Repay Investors, Raised $21.6 Million from 260 Investors with 3% to 8% Monthly Returns “
Hong Kong SFC
Hong Kong SFC: “In November 2015, the SFC obtained interim injunction orders to freeze monies totalling approximately $23.5 million held by Maxim Capital with a licensed money service operator in Hong Kong. The Court has appointed administrators to receive, administer and distribute the frozen monies to the affected investors on a pro rata basis. The Court also ordered Maxim Capital and Maxim Trader not to hold themselves out as carrying on a business in regulated activities whilst unlicensed and to suspend their websites.”
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