Raghav J.
Don't fall for this Big Trap
It is somewhat reassuring to know that there are other victims of this fraud organization called AtomHoldings. I am an old man and had "invested" my whole life's retirement savings of around USD 50,000 with this fraud organization. I was told to "reinvest" the capital amount in their FD and Mutual Fund schemes, which I did. On their dashboard, my USD 50,000 capital amount had grown to a big amount in a very short period of time, but I wanted to withdraw my funds only after one year. When I wanted to withdraw my funds after more than a year, they refused and quoted an additional big amount to be first transferred to them as a "one-time withdrawal fee", something they had never told me earlier. It was only then that I realized that I had been scammed big time. Then, out of sheer desperation at losing all my life's savings, I did what I should have done before "investing" even a single dollar with them -- due diligence. I wrote to the AlabamaSecuritiesCommission, requesting them to verify whether there was any company with the name AtomHoldings registered with License Number 862 (the earlier license number that was being displayed on their website), and whether there were any pending applications from AtomHoldings to extend the ASCLicense which was to "expire" on November 22, 2025. They confirmed that "Atom Holdings is not registered with the AlabamaSecuritiesCommission to do business as any type of investment company. The license they provide on the website has been altered by someone and placed there......There are no pending applications for Atom Holdings in Alabama or renewal applications. The website appears to be a scam." On receiving this reply, my whole world seemed to crash around me. I realized that it was pointless asking / requesting AtomHoldings to waive their so-called "one-time withdrawal fee", as they had deliberately not mentioned it before, as they had no intention to let me withdraw even a single dollar, let alone my own principal investment amount -- my whole life's retirement savings. I have lost my whole life's retirement savings, and since I am old and infirm, cannot generate any income as well. Since then, my whole family has been blaming me for being scammed to such a humongous degree. I know I can never recover from this shock, but I blame myself for falling into AtomHoldings' big trap of huge returns and quick compounding money. I am sure that the registration numbers and other details showing currently on AtomHoldings' website are also all fake numbers. I hope nobody else repeats the same mistake as I did.