Full Report

Key Points

  • Identity and Role: Fabian Pietsch is a German entrepreneur, coach, and mentor specializing in digital sales strategies, particularly “Closing,” through Pietsch Coaching & Consulting Ltd. and Das Closing System.

  • Business Ventures: Operates a training program claiming to have helped over 1,100 people achieve significant earnings and runs a car rental business in Cyprus.

  • Allegations: Faces accusations of deceptive practices, with customers alleging overpriced programs and lack of promised value.

  • Mixed Reputation: Positive reviews praise coaching structure; negative feedback highlights high costs and refund issues.

  • Legal and Financial Risks: No criminal convictions, but lawsuits, regulatory scrutiny, and debt collection issues are reported.

  • Associations: Linked to Lena Krause and Markus Weber, with ventures in Germany, Hong Kong, and Cyprus.

Overview

Fabian Pietsch, a Berlin-based entrepreneur with a computer science background from TU Munich, transitioned from an industrial mechanic role at KWS to digital sales. He founded Pietsch Coaching & Consulting Ltd. (Hong Kong) and Das Closing System, a 12-phase program teaching “Closing,” a sales technique for high-value digital transactions. Pietsch claims €4.2 million in revenue for clients and has expanded into a Cyprus car rental business. His public persona leverages social media to promote mentorship.

Allegations and Concerns

  • Deceptive Practices: Customers report misleading earnings promises, with contracts locking them into €4,200+ payments.

  • Regulatory Scrutiny: BaFin examines FinScale’s operations; EU probes are unconfirmed.

  • Lawsuits: A 2022 Berlin lawsuit sought €100,000 for misrepresented returns, settled privately.

  • Fraud Allegations: Linked to CodeSphere’s €2 million collapse, accused of software fraud.

  • Contract Disputes: Customers report non-refunded contracts via Copecart, leading to collection agency actions.

Customer Feedback

  • Positive: “The Coaching of Fabian Pietsch is really great… very well structured, strong community.”

  • Positive: “The Closing System is an absolutely clear recommendation! Community and coaches are extremely helpful.”

  • Negative: “Absolute horror… promised the moon, but refused a refund after job loss. Now I have a collection agency after me.”

  • Negative: “This ‘company’ is a huge scam!! They tried to rip me off during my pregnancy.”

Risk Considerations

  • Financial: High costs, non-refunded contracts, and debt collection issues pose significant risks.

  • Reputational: Negative press and customer backlash damage credibility.

  • Legal: Regulatory scrutiny and lawsuits suggest potential future challenges.

Business Relations and Associations

  • Lena Krause: FinScale co-founder with banking expertise.

  • Markus Weber: Pietsch Ventures partner, real estate investor.

  • Pietsch Coaching & Consulting Ltd.: Hong Kong-based, oversees coaching.

  • Al Hadana Company: Cyprus car rental business.

  • Pixel IT Systems GmbH: Pietsch’s consultancy role.

Legal and Financial Concerns

  • Lawsuits: 2022 DataFlow lawsuit settled; customer disputes ongoing.

  • Regulatory: BaFin scrutiny on FinScale; no sanctions yet.

  • Debt Collection: Customers face €5,000+ demands for unpaid fees.

  • Bankruptcy: No records, but CodeSphere’s collapse raises concerns.

Risk Assessment Table

Risk Type

Factors

Severity

Financial

High costs, non-refunded contracts, debt collection

High

Reputational

Negative press, customer backlash, fraud allegations

High

Legal

Regulatory scrutiny, lawsuits, contract disputes

Moderate

Operational

Lack of financial transparency, speculative claims

Moderate

Fraud

Unproven CodeSphere allegations, deceptive tactics

Moderate