BaFin Warns Festgeldplan.com About Website and Identity Fraud

BaFin News & Warnings

Filed March 24th, 2026

Detected March 24th, 2026

Summary

BaFin, the German financial supervisory authority, has issued a warning regarding the website festgeldplan.com for offering financial services without authorization and engaging in identity fraud. The operators falsely claim affiliation with the BaFin-supervised WPV Advisory & Asset Management GmbH & Co. KG. Consumers are advised to exercise extreme caution with online investment offers.

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What changed

BaFin has issued a warning against the website festgeldplan.com, which is offering financial services without the necessary authorization from BaFin. The operators are committing identity fraud by falsely claiming to be affiliated with WPV Advisory & Asset Management GmbH & Co. KG, a company that is indeed supervised by BaFin. This action highlights BaFin's efforts to protect consumers from unauthorized financial service providers and fraudulent schemes.

Consumers seeking financial services online are strongly advised by BaFin, in conjunction with law enforcement agencies, to exercise extreme caution and conduct thorough due diligence to identify potential fraud attempts. Information on authorized companies can be verified through BaFin's official database. This warning serves as a proactive measure to prevent consumers from falling victim to unauthorized operations and potential financial losses.

What to do next

Verify the authorization of any financial service provider through BaFin's official database before engaging their services.
Exercise extreme caution when encountering online investment offers, especially those making claims of affiliation with known entities.
Report any suspected fraudulent financial activities to BaFin or relevant law enforcement agencies.

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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