Identec Group AG

Expired
Shares and bonds of the Liechtenstein company IDENTEC GROUP AG were sold to hundreds of investors, especially in Switzerland, Austria and Germany, with full-bodied sales arguments about the potential of RFID technology, possible future share price developments, a possible initial public offering (IPO) and other goals. However, these expectations could not be fulfilled despite the acquisition of tens of millions of investor funds.
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We were able to find out that a considerable proportion of the investor funds (sometimes in the order of 30 to 40%, in exceptional cases even 100% of the investment sum) did not reach IDENTEC at all from the outset, but were deducted on the distribution process via offshore companies. From the investor funds that ultimately arrived at IDENTEC, further funds were deducted as management fees. According to the information available so far, around EUR 36.6 million of the investors' money went to distributors and initiators of the investment. Under these circumstances, it is hardly surprising that the expectations were not achieved.

If you have also acquired shares and bonds of IDENTEC GROUP AG, we will be happy to advise you on your legal options.

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