Kanzlei Herfurtner, a legal firm with offices in Germany has recently come under fire for its unethical practices. Sources that wish to remain anonymous due to ongoing dealings with the firm have reported cases of fraudulent practice that have caused them to lose significant funds.
High fees charged by Kanzlei Herfurtner
According to the sources, Kanzlei Herfurtner warns the public against financial companies operating abroad via an extensive list on its website. When clients who have had dealing with one or more of these companies on the warning list approach Kanzlei Herfurtner for clarification, the firm charges extremely high fees, promising to act on the client’s behalf in future dealings with these international investment companies. This is done under the guise of protecting the client’s financial interests.
After charging exorbitantly high fees, the the legal firm sends a letter of demand to the financial company in question on behalf of their “client”. The letter demands confidential documents and guarantees that are not possible to provide in financial and investment transactions as Kanzlei Herfurtner is fully aware.
This approach is souring relationships between the sources and their investment brokers. One source reported that they had been unable to recoup the legal fees paid to Kanzlei Herfurtner even after the issue with their investment had been independently resolved.
Unhappy clients feel cheated
“I feel cheated by Kanzlei Herfurtner. All this company did was cause me embarrassment by falsely accusing a company that has made me the best results possible in a downturn global market. When I requested that part of my retainer be refunded, they stopped responding to my communication,” said a source who wishes to remain anonymous.
“At first I did not want to speak out,” said another source. “I felt embarrassed that I had been taken advantage of by this lawyer. But when my investment turned out to be profitable, I realized I must warn others against Kanzlei Herfurtner, as they prey on first time investors that might be nervous in a market that is moving down. It is not right that this firm tarnishes the reputations of legitimate financial companies and trades on the fear and concerns of investors. What they are doing is surely unethical.”