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An old ponzi scheme called Aubit has been relaunched as “Freeway”

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Aubit not exists. On January third, the Ponzi scheme introduced that it will likely be generally known as “Freeway.” FreewayFamily” was the identify given to associates by Aubit in a subsequent announcement. Aubit’s token known as Freeway. A brand new “good contract tackle” was assigned to the token on the finish of December.

The enterprise mannequin of Freeway appears to be the identical as that of Aubit except for the identify change. There’s a declare of an 8% to 16% annual return. Freeway provides annual returns of as much as 43% with its “supercharger” funding merchandise.

“Totally regulated brokerage accounts” are what Freeway claims make this lawful. Ardu Prime, which Freeway has filed the Ardu Prime SA shell enterprise with monetary regulators in Greece, Germany, and the UK, is the topic of this investigation.

Ardu Prime owns and operates the buying and selling identify Aubit Prime. MiFID II-compliant Ardu Prime SA is regulated by the European Union. Athens Capital Market Fee License 4/164/20.7.1999, FCA reference: 725166, BaFin ID: 10146106 (Hellenic Capital Market Fee Aubit initially claimed to be working with Ardu Prime as a part of a three way partnership. With Ardu Prime’s “possession stake” acquired by Aubit on the finish of 2021, the masks was eliminated.

Because of this, Ardu Prime claimed possession of Aubit. Aubit Prime’s branding seems to have fallen by the wayside. Regardless matter the place Ardu Prime is or is just not registered to market securities, Aubit, now Freeway, has by no means been registered with a monetary regulator.

Aubit started requesting funding from US residents in mid-August 2021. “Freeway Lite US” carries on this custom in Freeway. Then again, the Freeway Lite US web site is nothing greater than an empty login web page: Situated close to the underside of the Freeway Lite US web site is a Wyoming company tackle. There aren’t any Freeway workplaces in the USA. There is no such thing as a SEC registration for Ardu Prime, Freeway, or any of its related shell companies.

Freeway co-founder Sadie Hutton acknowledged in a January eighth advertising video that the corporate introduced in $13.7 million in December 2021. Mark Kearns and Graham Doggart, the opposite two co-founders of Hutton and Freeway, declare to be situated in Malta. Rip-off-friendly Malta has little or no regulation of MLM-related securities fraud. They do not look like registered with MFA, neither Ardu Prime nor Freeway, nor any of the corporate’s executives, do they?

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