Diamond Ridge Academy Scam

If You’ve Lost Money To Diamond Ridge Academy, You’re Not Alone. Learn How The Scam Works, Read Real Victim Stories And Discover Your Options For Legal Recovery With Expert Solicitors.

Diamond Ridge Academy (also known as Diamond Ridge Financial Academy) purports to offer investors expert support, training and education to help them make investments. It provides asset management services and exclusive access to supposed financial experts. Their Diamond Ridge Asset Management presents itself as a legitimate investment platform promising substantial returns through AI-powered trading strategies. However, the investment trading platform has very recently been removed, and multiple reports from victims indicated it operates as a sophisticated investment scam that has defrauded numerous UK investors.

Diamond Ridge Financial Academy typically approaches potential victims through social media. It has a known presence on Facebook and TikTok and communicates with its victims via WhatsApp, by setting up large investor groups.

Based on victim reports, watch for these telltale signs:

• Promises of “guaranteed” high returns with little or no risk
• Pressure to invest quickly and continually deposit more funds
• Resistance when attempting to withdraw funds
• Claims that the investment opportunity is “exclusive” 

Be Aware! The scam company is not authorised or regulated to offer investment services in the UK. Always research thoroughly before investing and consult the FCA Register to check whether an adviser is authorised.

The operation follows a consistent pattern:

• Initial “Profits”: Victims are provided with funds and instructed on using an “AI algorithm” to invest. These initial investments appear to generate profits, building trust.
• Personal Investments: Victims then invest their own money, following advice from the Diamond Ridge Financial Academy’s “experts.” We are aware that victims have been advised to invest in cryptocurrency via Initial Coin Offerings and pre-launch “MRC Tokens” and other high-risk and esoteric investments.
• Trapped Funds: When attempting to withdraw profits, the victims are told to pay a “fee” to access their funds.
• The Truth: No profits exist – the scammers have already stolen the victims’ money.

Think you’ve experienced a similar scam? Speak to a solicitor today.

• Immediately stop all payments and report to your Bank.
• File a report with Action Fraud and the Financial Conduct Authority (FCA).
• Collect all communications and evidence (emails, texts, payment receipts, and names and any written communication).
• Avoid further contact with the scammers.
• Report the fraud to any platform or site where it occurred.

Don’t wait – the sooner you act, the better your chances of recovery. Start Your Recovery Now

Avoiding scams like Diamond Ridge Academy starts with proper due diligence. Here are key steps you can take to verify whether an investment company is legitimate:

• Check the FCA Register: Visit the official Financial Conduct Authority register to confirm whether the firm or individual is authorised to provide financial services in the UK.
• Search Companies House: Look up the company’s incorporation details, directors, and filing history. Be cautious if details are missing, recently registered, or don’t match what you’ve been told.
• Verify the website and contact information: Legitimate firms typically use secure websites (HTTPS), professional email domains, and consistent, traceable contact details.
• Check independent reviews and warnings: Review platforms like Trustpilot or forums can highlight past complaints. Be wary of overly positive or repetitive reviews.
• Cross-reference contact details: Ensure email addresses, phone numbers, and physical locations match across their website, FCA listings, and other sources.

Tip: If something feels off — rushed pitches, unverified credentials, or confusing information — consult an FCA-authorised financial adviser before parting with your money.

Worried about an investment opportunity? Our solicitors can help you assess risk and protect your money. Speak to a Specialist today.

If you’ve been scammed by Diamond Ridge Academy, you may be able to recover your money — especially if you paid via bank transfer.

Bank Transfers & Refunds

As of 7 October 2024, UK Banks must refund scam victims under new Authorised Push Payment (APP) regulations — as long as:

• You paid by UK bank transfer (Faster Payments or CHAPS).
• You weren’t “grossly negligent” (a high legal bar — most customers won’t be).
• You’re not claiming for more than £85,000 (the max refund limit).
• A small £100 deduction may apply, unless you’re classed as a vulnerable customer.

What If Your Bank Refuses?

Even if your Bank says no or offers a partial refund, you can challenge this decision by:

• Filing a complaint with the Financial Ombudsman Service (FOS) — a free, independent body that checks whether your Bank treated you fairly.
• You have 6 months to do this after the Bank’s final decision.

Do You Need a Solicitor?

You don’t need a solicitor to ask for a refund or go to FOS — but many clients choose legal support when:

• Their claim was unfairly rejected or reduced.
• They want expert help building a stronger case.
• They’re overwhelmed and prefer not to deal with the Bank or paperwork alone.

You may be entitled to compensation – find out now. Get Legal Help

No, it certainly is not. Their website has now been taken down, and hundreds of investors and traders have lost significant sums of money. It was promoted as a trading platform using AI to advise clients on investment and trading decisions, typically in group forums.
It had all the hallmarks of a scam, including:

• Offering to fund your account with money to get you started.
• Planting fake traders within group forums who purportedly made huge amounts of money including millions.
• Large increases in the value of client accounts that never existed given the platform information was fake.
• Pestering clients for further funds with a promise of further high returns.
• Even explaining the withdrawal process and allowing small amounts to be withdrawn to lend the platform legitimacy.

The scammers falsely promoted their “AI 5.0 trading system” through legitimate financial websites like Yahoo Finance and StreetInsider.com—which had no involvement in the fraud. They claimed to use advanced AI software to recommend investments, luring victims with unrealistic returns and manipulated account balances. In reality, this system likely never existed.

Yes, in certain circumstances.

Diamond Ridge Academy was a typical investment scam designed to steal victims’ money through a fraudulent website (now shut down).

Under UK banking regulations (effective October 2024), you may recover lost funds if:

• The transaction was a UK bank transfer, and you were not grossly negligent (e.g., ignoring a clear bank warning about a potential scam).
• For non-UK transfers (e.g., card payments or international transfers), your Bank may still be liable if they failed to take reasonable steps to prevent fraud.

Neglect Assist specialise in proving bank liability to help victims reclaim their money.

Recovering funds directly from Diamond Ridge Academy is highly unlikely—they’ve disappeared, along with any cryptocurrency sent to them.

However, under UK banking regulations, you may still recover losses if:

• UK bank transfers: Your Bank may reimburse you if it can be proved that they failed to take sufficient steps to prevent fraud (e.g., for unusual or large transfers).
• International transfers/crypto: While not covered by mandatory reimbursement rules, Banks may still refund you if they could have done more to stop the transaction.

We have experience and expertise in proving banks’ liability—even in complex cases—to help victims recover their money.

Free initial advice – no obligation.

If Diamond Ridge Academy scammed you, contact us for a free consultation. We’re already helping victims like you and can explain:

• Your legal rights
• How to recover lost money
• Whether you qualify for a No Win, No Fee agreement (you only pay if we succeed, with a regulated cap on fees).

Avoid upfront fees—scammers often target victims a second time by charging fake “recovery fees.” Never pay in advance for legal help with scams.

You’re not alone, and we’re here to help. The sooner we start, the higher your recovery chances.

Take the first step toward justice today. Book Free Consultation