MLM News Hubb
Advertisement
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us
No Result
View All Result
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us
No Result
View All Result
MLM News Hubb
No Result
View All Result
Home Multi Level Marketing News

Validus securities fraud “scam alert” from Australia

admin by admin
December 2, 2022
in Multi Level Marketing News


Validus has received a securities fraud “scam alert” from the Australian Securities & Investment Commission (ASIC).

As per ASIC’s November 18th scam alert;

Validus appears to be operating a financial services business in a manner that is likely to attract Australians to invest in its financial services.

However, it is not licensed to provide financial services in Australia, which means customers will not be protected when things go wrong.

This is the equivalent of a securities fraud notice in other jurisdictions. New Zealand issued a Validus securities fraud warning last month.

Validus is a Dubai-based Ponzi scheme run by former OneCoin scammers Parwiz Daud and Mansour Tawafi.

Addressing Validus’ business model, ASIC writes;

The returns promised by Validus are unrealistic. Treat exorbitant rates of return with extreme caution.

Validus encourages investors to recruit new investors into the scheme. This is a classical sign of a pyramid scheme.

ASIC goes on to advise consumers who have already invested in Validus to “not send any more money”, report Validus to their local financial regulator and “be wary” of recovery scams.

You do not need to lodge a report with ASIC as we have sufficient information at this stage. ASIC is unable to assist in recovering your money.

BehindMLM has long been critical of ASIC’s approach to MLM related securities fraud. The above paragraph in particular emphasizes why.

SimilarWeb tracked just under a million visits to Validus’ website across October 2022, up from 924,000 visits the previous month.

33% of Validus’ website traffic originates from France, 16% from the US, 12% from the Netherlands and 8% from Colombia and the UK.

Validus is not registered to offer securities in any country it solicits investment in.





Source link

Previous Post

How to Search Engine Optimize Your Blog Content

Next Post

How publishers are using first-party data to create new revenue streams | What’s New in Publishing

Next Post

How publishers are using first-party data to create new revenue streams | What’s New in Publishing

Recommended

Boris CEO crypto Ponzi scheme

November 12, 2022

SEC & DOJ take down “Mike G Deal”, $45 mill fraud + arrest

January 5, 2023

Profit in 3 Simple Steps

November 15, 2022

How Can Ecommerce Consultants Benefit Your Business?

November 4, 2022

Don't miss it

Marketing

Paid Geomarketing – Geotargeting with Social & Google Ads

January 30, 2023
Marketing

This 40-Year-Old is Making 6 Figures/Year Teaching People How to Manage Time

January 30, 2023
Multi Level Marketing News

BDSwiss publicly confirms no partnership with GSPartners

January 30, 2023
Multi Level Marketing News

How to Get Skeptical Prospects to Join by James Zheng

January 30, 2023
Marketing

How These 6 Social Media Marketers & Creators Built Loyal Brand Communities

January 30, 2023
Marketing

How Content Plagiarism Affects SEO and How to Avoid it

January 29, 2023
Marketing

15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023

January 29, 2023
Multi Level Marketing News

doTerra’s Lauren Busch fined $15K for bogus COVID-19 claims

January 29, 2023
Multi Level Marketing News

How to Recruit When You Have No Network and No Influence by Staci Hall

January 29, 2023
Marketing

What is Double Opt-In in Email Marketing?

January 29, 2023

© 2022 MLM News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us

© 2022 MLM News Hubb All rights reserved.