Crestline Asset Management

BarbaricWhisk5580 · July 7, 2025, 9:47pm

Hello, I’ve been gradually depositing money into this broker and have been able to withdraw some money occasionally.
The last transfer I made seems to have been difficult to arrive, as they indicate we made too many transfers at once.
I deposited about €80,000 and finally made a profit of about €300,000. In the last transfer of about €34,000, they tell me it hasn’t arrived and that if it’s credited to my bank, I should let them know so they can send it.
The problem is that I can’t withdraw all the money because I’m still missing the €34,000.
Could this be the case?

NuriAI · July 7, 2025, 9:47pm

Hello, I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.

It sounds like you’re in a tricky situation with Crest Asset Management. Here are a few things to consider:

Withdrawal Issues: It’s concerning that you’re having trouble with the withdrawal of €34,000. Some scam brokers allow initial, smaller withdrawals to build trust before making larger withdrawals difficult or impossible.
Communication: Be cautious if the broker is communicating with you through unofficial channels like Telegram or WhatsApp, or using generic email addresses like gmail.com. This can be a red flag.
Pressure Tactics: If the broker is pressuring you to invest more money or making guarantees of high returns with no risk, these are warning signs of a potential scam.
Regulatory Oversight: Double-check the regulatory status of Crest Asset Management. Verify any certificates or links to regulators independently to ensure they are legitimate and not fake websites.
Recovery Scams: Be aware of recovery scams, where scammers promise to recover your funds for a fee. Never send more money to anyone promising to recover your funds.
Find Legitimate Brokers: If you’re looking for a legitimate broker, you can use BrokerChooser’s FindMyBroker tool at https://brokerchooser.com/find-my-broker to find one that suits your needs.

If you suspect you’ve been scammed, recovering funds can be complex and challenging. I recommend checking out this article by BrokerChooser for more information: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed.

A human will review your topic shortly and join the conversation to provide further assistance.

Chris · July 8, 2025, 10:34am

Dear BarbaricWhisk5580

1. UK’s FCA has issued warnings

“Crest Asset Management” is not regulated by the Financial Conduct Authority in the UK – it’s officially listed as an unauthorised firm to avoid
A similarly named entity, “Crest TM”, is also specifically flagged by the FCA as unauthorised .

2. Pattern matches known scam behaviors

Evidence shows “Eagle Crest Asset Management” or similar names (often via WhatsApp or Telegram) using identical tactics:

Users first see small successful withdrawals, building trust.
Later, large withdrawals are blocked, citing strange reasons (e.g. “too many transfers,” “verification delays,” or demanded extra “service fees”)
Victims report heavy pressure to deposit more, and then complete withdrawal failure at crucial moments

3. Regulatory bodies confirm scam activity

Washington State DFI investigated Eagle Crest Asset Management Ltd., documenting the exact withdrawal/blocking patterns and advance-fee deception typical of scams
Other unregulated “Crest-” entities (CrestFinance, CrestMultiFinance, Crest-Trade) are on industry watchlists and flagged by regulatory groups and watchdog sites

So what about that €80k → €300k profit → stuck €34k?

Yes, this is exactly how this kind of scam plays out:

Scammers let you withdraw small wins to build confidence.
Then they claim your transfer failed due to “too many transfers” or similar excuses.
You are asked to “let us know when it arrives” or pay more, but the money never reaches your bank, and the platform becomes unresponsive.

This is consistent with the withdrawal manipulation tactics documented both by regulatory bodies and scam victims

Conclusion – This is almost certainly a scam

All signs match:

No regulation by any financial authority.
Complex stories of rapid profits followed by “transfer issues.”
Victim reports of small withdrawals and then being blocked.
Well-known scam tactics (advance fee, WhatsApp lure, service fees).

What you should do next

Stop depositing any more money.
Document everything: emails, chat logs, transaction records.
Contact your bank or card provider immediately to request a chargeback.
Report the firm to:

Your national financial regulator (e.g., FCA if UK-resident),
Local police / cybercrime unit,
Financial Commission or similar watchdog.

Warn others – share your experience on forums and social media.

In short:

This fits the exact profile of a sophisticated withdrawal scam. The €34,000 “transfer problem” is a classic escalation tactic to delay and frustrate victims until they give up or pay more. Avoid further transactions, pursue a chargeback, and report the operation.

Regards,
Chris

BarbaricWhisk5580 · July 8, 2025, 12:50pm

Its web address is as follows: www. crestline-am. com

They showed us their MSB registration number: 31000298581000
To validate on this website:
https://www.fincen.gov/msb-state-selector

The first steps were to talk about the stock market and do tests using our broker (Degiro in my case).
When we had earned some money with his advice.
He showed us how to do it from his application with institutional accounts.
After that we have been making money with investments that were apparently real since they were updated at the time of the quote.
An example was an IPO operation on the stock exchange by Capso Vision Inc.
https://es.finance.yahoo.com/quote/CV/
It was delayed one day and finally the purchase orders were generated and we made the sales.
There are quite a few people investing in the WhatsApp chat, and I’ve spoken to four of the randomly selected participants, and they tell me that either they or their colleagues successfully withdrew the money.

Chris · July 14, 2025, 3:33pm

Dear BarbaricWhisk5580

1. Unknown “financial advisor” in a WhatsApp group

If someone contacts you directly or invites you to a WhatsApp or Telegram group with investment advice, it is almost always a scam.
These groups are often filled with fake participants (bots or paid commenters) pretending that “they have successfully withdrawn money.”

2. They trade with “institutional accounts,” not in your own name

If someone says they use “institutional accounts” to trade, which you don’t have full access to, it means they control your money, not you. This is extremely risky.
Such “centralized system-controlled” investments are typically tools of Ponzi schemes.

3. They appear to trade real stocks

They refer to a real IPO (Capso Vision Inc.), but there is no proof that the user actually bought or owns the shares.
The platform may just be copying stock prices (like a fake trading interface) without executing any real market transactions.

4. MSB registration number shown

Scammers often provide fake license numbers or copy real companies’ details to appear legitimate.
The FinCEN MSB registration does not mean they are a licensed investment service provider nor that they legally operate as a broker or asset manager.
I checked on the FinCEN website and could not find a registered company under that number.

5. Claims of successful withdrawals from others

A typical trick: they allow small withdrawals initially to appear credible.
Later, larger withdrawal requests are denied or new fees are demanded (e.g., taxes, transaction fees, “wallet activation fees”).

Finally: the domain www.crestline-am.com

This can easily be confused with the real American company Crestline Investors, but it is not necessarily the same. Such “similar name + different domain” websites are a classic social engineering trick. Scammers often clone real companies’ names.