Fact is, WEG is one of many modern online-only banks which Germany now allows and registers as regular banks, meaning they can do everything that a traditional bank can do, too. These online banks still have to adhere to regulatory oversight, have a board, and do regular reports on their activity. Other reputable online-only banks in Germany include N26 and DKB, among others.
Fact is, WEG lists their products on their website. Right there on the homepage. Yes, it's a small local bank, but they do mostly financing, investments and consulting (as stated on their website), which is usually not general-population-facing, but rather targeted towards institutions. Thus no big fancy website, as most business is handled face-to-face anyway.
Fact is, as pointed out earlier in the source thread, their yearly reports actually specify an increase in capital, thus implying a healthy profit.
Fact is, they are partnered with real, registered and law-abiding organizations such as Litecoin, agora.trade and Nimiq.
Fact is, at least some partners bought their share in the bank, it was not 'given away'. Again, no proof for your claim. (yes, this is actually insider info, sue me.)
Fact is, lots of companies have '0-net-income' for tax purposes. It's usual business and within the regulatory tax framework. Regular people are not too happy about it, but the government made it so.
The bank might have been registered in 2015, which still makes it over 3.5 years old. Nothing special to see here I think.
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That's what I could find now with a few Googles. Like I said, until you provide proof for any of your points made, they remain baseless accusations and should be deleted from this forum.
And yes, I created this account just now to speak up.
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FRFC stands for FUD Refuter & Fact Checker.
There is no product or online banking service. I have looked on the website, and I couldn't see a login page to check the status for a bank or something like that. The Bank doesn't offer internet banking. The WEG BANK AG scam it is just a simple web page showing some information in the German language. That's all. All the revisions from Google Maps are fake made by TokenPay bounty hunters.
The WEG bank is a scam as it has only 1 branch and one bank in the entire country Germany or worldwide. A bank with one branch is a scam after all.
The WEG bank is a scam as it started a partnership with another PROVED SCAM TokenPay that stole over 1 million dollars from Bounty Hunters https://bitcointalksearch.org/topic/ann-tokenpay-scammed-1-million-from-bounty-and-referral-program-2400499
The WEG Bank is a scam because 6 months ago it announced a partnership with TokenPay and by this day, no service and no product was prototyped, tested, developed, released or deployed neither in testing or production.
THE WEG BANK AG is a fucking lie and a fucking scam.