BaFin Warns Against Unauthorised Prometheus Investment Alliance Offers

BaFin News

Published March 12th, 2026

Detected March 12th, 2026

Summary

The German Financial Supervisory Authority (BaFin) has issued a warning against Prometheus Investment Alliance (PIA) for allegedly offering unauthorised financial and cryptoasset services. PIA is suspected of deceiving consumers through WhatsApp groups and a website, directing them to trade via the QVTcoinese-Pro app.

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What changed

BaFin has issued a warning concerning Prometheus Investment Alliance (PIA), which is suspected of conducting unauthorised financial and cryptoasset services in Germany. The warning highlights that PIA operates via a website and WhatsApp groups, allegedly tricking consumers into trading financial products using a specific trading system and app. BaFin explicitly states that offering such services requires authorisation, which PIA appears to lack.

This notice serves as an alert to consumers and potentially other financial entities about PIA's unauthorised activities. Consumers are advised to check BaFin's database for authorised companies and to be aware of financial fraud. While no specific compliance deadline is mentioned for regulated entities, the warning implies that any entity operating without authorisation in Germany faces supervisory action under the German Banking Act (KWG) and the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – KMAG).

What to do next

Verify authorisation status of any entity offering financial or cryptoasset services in Germany via BaFin's database.
Educate consumers about the risks of unauthorised financial offers, particularly those originating from social media or unsolicited communications.

Source document (simplified)

Erscheinung: 12.03.2026 | Topic Unauthorised business, Consumer protection Prometheus Investment Alliance: BaFin warns against offers in WhatsApp groups

The German Financial Supervisory Authority (BaFin) warns against offers made by Prometheus Investment Alliance (PIA), which claims to be based in the United States of America and Frankfurt am Main, on the website prometheus-alliance(.)de and in various WhatsApp groups. In the WhatsApp groups run by the alleged Achim Falkenberg and his assistant Bertha, consumers are tricked into trading financial products via the QVTcoinese-Pro app using the ‘Genialer Intelligenter Roboter 5.0’ trading system.

It is suspected that the unknown operators are offering banking and financial services without the required authorisation.

Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin ’s database of companies.

BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – KMAG).

Please be aware:

In the section “ Recognising financial fraud ”, you will find current warnings from BaFin about unauthorised companies and learn how you can protect yourself from further scams on the financial market.

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