BaFin Warns About Festgeldplan.com Website and Identity Fraud

BaFin News

Published March 24th, 2026

Detected March 24th, 2026

Summary

BaFin has issued a warning regarding the website Festgeldplan.com for offering financial services without authorization and engaging in identity fraud. The operators are falsely implying affiliation with the BaFin-supervised WPV Advisory & Asset Management GmbH & Co. KG.

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What changed

The German Financial Supervisory Authority (BaFin) has issued a warning concerning the website Festgeldplan.com. BaFin has determined that the operators of this website are offering financial services without the necessary authorization from BaFin. Furthermore, the website is engaging in identity fraud by falsely presenting itself as being affiliated with WPV Advisory & Asset Management GmbH & Co. KG, a company that is indeed supervised by BaFin. This unauthorized activity constitutes a violation of German banking regulations.

Consumers and financial professionals should be aware that conducting banking or providing financial services in Germany requires explicit authorization from BaFin. BaFin provides a public database for verifying company authorization. This warning serves to alert the public to potential fraudulent activities and to advise extreme caution when encountering unsolicited online financial offers, especially those that mimic legitimate entities. Consumers are advised to research any investment opportunities thoroughly before committing funds.

What to do next

Verify authorization of financial service providers through BaFin's database before engaging services.
Exercise extreme caution with unsolicited online financial offers.
Report suspected fraudulent activities to BaFin.

Source document (simplified)

Erscheinung: 24.03.2026 | Topic Unauthorised business, Consumer protection Festgeldplan(.)com: BaFin warns about website and identity fraud

The German Financial Supervisory Authority (BaFin) warns about offers from the website festgeldplan(.)com. According to information available to BaFin, the unknown operators of the website are offering financial services without the required authorisation. They give the impression that their offers originate from WPV Advisory & Asset Management GmbH & Co. KG, which is supervised by BaFin. It is a case of identity fraud. WPV Advisory & Asset Management GmbH & Co. KG has no connection with the website or the financial services offered there.

Anyone conducting banking business or providing financial or investment 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.

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