Erscheinung:10.09.2025 | Topic Unauthorised business, Consumer protection Identity Theft: BaFin Warns of Fixed-Term Deposit Offers allegedly originating from eleva capital
Individuals claiming to be employees of eleva capital are offering fixed-term deposits by telephone and email. They give the impression that the offers are connected to Eleva Capital, German branch, Frankfurt am Main, which is supervised by BaFin. This is not the case. It is a case of identity theft. The offers are also not connected to the website elevacapital.com, which is operated by the supervised Eleva Capital, German branch.
The unknown parties are conducting banking transactions without the necessary authorisation. They give the impression that they are cooperating with licensed banks. This is not the case.
Anyone conducting banking business or providing financial, investment or crypto asset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG.
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
