Praxisgroup Reviews 2

When I was an expat in Dubai in 2016, I was approached by financial advisers from Acuma DeVere and Praxis Group who offered me to open a US approved international pension plan. I was told this program was approved by the IRS and I can contribute after tax and start withdrawing funds from the pension plan after 10 years free of tax. When I tried to withdraw funds last month after 10 years anniversary, I was told that funds aren't available and I will need to wait another 15 years. This seems like a Pyramid scheme where they are defrauding investors through a complex web of companies including Praxis in Malta, Acuma in Dubai and Utmost in Guernsey. I'm posting this to let other people know about this so they don't fall into the same deception scheme with these organizations.

This pension trustee company will manage your pension funds for you, but instead of managing your pension funds, they drain it!
They are deceitful in that they operate by non disclosure of "hidden fees" and "secret commissions "as has
been confirmed is illegal by a lawyer. so you unfortunately have to sit and watch your pension funds drastically reduce in value due to extortionately high commissions paid out at offset and hidden daily fees which were never disclosed. Compensation offered but on "their" terms which they know is not possible for us to accept due to tax consequences in our home country.