Complaint Review: First Fidelity Trust AG - GENEVA Nationwide
- First Fidelity Trust AG RUE DU RHONE 14, 1204 GENEVA, SWITZERLAND Nationwide Switzerland
- Phone: +41 41 712 18 45
- Web: http://www.fidelitytrust.ch/index.h...
- Category: Business Consultants
First Fidelity Trust AG Andrew Sarafin A Professional Swiss corporation SCAM to be beware of...The longest corporation registration on planet earth; 6 months yet not done! GENEVA Nationwide
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October 2016, a contract has been signed with First Fidelity Trust AG(FFT) to secure and purchase a trust company. a 20% depsoit was paid and according to Mr. Andrew Sarafin; its director, the aged trust was reserved. Immediately, FFT requested for the balance of the full payment plus extra for the change of name. By 26th of October 2016, the full payment was TT to their designated bank account; which was a different name other than FFT BUT they claimed to be a subsidiary of FFT. According to Andrew Sarafin, the transfer of the trust will take 2-3 days while the change of name will take about 1 week. However, after 1 month, Andrew Sarafin claimed that the TT was not received BUT according to our banking telex with UBS which was the bank Andrew Sarafin used; confirm receipt of the funds. It was then that Andrew Sarafin agreed to proceed. He appointed a compliance officer by the name of Jonathan Cruci from Titanium Finance to be the compliance officer and director. Various documents from the registrar of business from Geneva were presented to us. However, when we did an online search, the expected company of choice was not transferred nor was the name change done.
Till then it was already in early December 2016. Andrew Sarafin claimed there was a mess up by the officers in the Swiss registrar and reqested some time to amend and rectify the issue. We concurred as we wanted to give Andrew Sarafin our benefit of the doubt; as he claimed that he has been in business for more than 10 years and their reputation has no doubts and no complains. We also requested him to proceed with the FINMA registration of which he had instructed Jonathan Cruci to handle. Thus, in January 2017, Jonathan Cruci confirmed that the documents for the FINMA regsitration has been filed and it would take about 8 weeks to complete. At this point in January 2017, FFT's Andrew Sarafin has yet to complete the registration and when asked about the possible affect on FINMA application, Andrew Sarafin confidently claim that these are 2 different issues. Subsequently, on early March 2017, Jonathan Cruci informed us that our FINMA licence will be ready anytime and requested payment from us. As till then; Mar 2017, Andrew Sarafin has not even proof to us that the trust was formed, we have our reservations of the FINMA completion. Thus, we held back the payment. We commuincated with Andrew Sarafin again on mid Mar 2017 and he claimed that the mess up was not resolved and he would either refund or reallocate a new trust company.
By this time, suddenly there was no news from Jonathan Cruci on our FINMA licence. Andrew Sarafin then inform us that Jonathan Cruci was admitted to ICU and there was total silence on the issue of FINMA. On early Apr 2017, Andrew Srafin confirmed to us that the new trust transfer and registration is on going. But till now, end Apr 2017, nothing has been heard from Andrew Sarafin and when we requested the firmma number of the new aged trust that he claimed transferred to us, it was not produced. We have every reason to believe that Andrew Sarafinn has been presenting fake documents to us trying to convince us that he has transferred the requested trust. FFT's Andrew Srafin promises to redeem their mistakes for the mess up and delayed time is nothing but a pack of lies. We have in numerous incident told Andrew Sarafin and Jonathan Cruci that all we wanted was for the trust we requested and paid for to be registered. We have also given them the time and opportunity to rectify whatever issues that is needed. It is deploarble to know that FFT that claims to be a reputable firm for their 30 years of Swiss standard world leading supplier of trust companies will take 6 months and yet not even able to register and transfer a company. I hope readers can be alerted of FFT's scam and rediculous profesionalism. While I will seek the relevant authority to look into this; including the Swiss authority, I hope something cam be done to stop FFT, Andrew Sarafin and all concern in their financial scam. What they have done as truly tarnished the reputation of the Swiss standardof professionalism.
This report was posted on Ripoff Report on 04/20/2017 08:28 AM and is a permanent record located here: https://www.ripoffreport.com/reports/first-fidelity-trust-ag/nationwide/first-fidelity-trust-ag-andrew-sarafin-a-professional-swiss-corporation-scam-to-be-beware-1368675. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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