A chance is EQT Financial institution, the relaunched model of Dragon World Finance. As of this writing, EQT Financial institution is barely permitting prospects to log into their accounts. On February twenty fourth, our readers alerted me to EQT Financial institution’s existence.
Dragon World Finance Ponzi scheme proprietor Anthony Norman shaped EQT Group PLC in the UK on February sixteenth, 2022. EQT Group PLC is nothing greater than a entrance. EQT Group PLC is not of curiosity to us as a result of we have lined UK shell firm fraud extensively. It is EQT Financial institution, which is why the area “eqtbank.com” was not too long ago registered.
“Technical difficulties” is the present standing of EQT Financial institution’s web site. After a bit of digging round, EQT Financial institution’s web site has a WordPress front-end. A non-WordPress subdomain, if it hasn’t already been related to Dragon World Finance’s backend, is linked by the login hyperlink.
So, what’s EQT Financial institution? In January of 2022, the area was bought for a pittance. EQT Financial institution’s non-functional area redirects guests to Dragon World Finance’s web site. On January twenty ninth, across the time that Norman purchased the EQT Financial institution area identify, this alteration was carried out.
Dragon World Finance can also be talked about on the phrases and situations web page of the EQT Financial institution web site. Right here we study Mbakey Export and Finance Restricted, an FCA-registered enterprise that seems to have served as Norman’s nexus for monetary deception prior to now.
That is yet one more Anthony Norman shell firm rabbit gap that we have fallen into. In January 2015, Mbakey Export and Finance Restricted was registered with the FCA. Mbakey Export and Finance Restricted is linked to Mbakey Sowe and Ndey Yassin Sowe’s shell firm, Mbakey Export and Finance Restricted. To ensure that Mbakey Export and Finance Restricted to be registered with the FCA, they needed to fill out some paperwork and get a “rubber-stamped” approval.
In January 2020, Mbakey Export and Finance Restricted grew to become a subsidiary of Dragon World Options. The FCA had Dragon World Options registered as a UK shell firm till August 2021. Dragon World Finance is linked to Premier Cost Options Restricted in addition to Mbakey Export and Finance Restricted. There may be yet one more FCA-registered firm, Premier Cost Options Restricted, with a UK shell firm incorporation.
Premier Cost Options was previously referred to as Gambia Categorical Restricted till September of this yr. These particulars aren’t more likely to be related, as fraud is rife within the FCA and UK incorporations. Within the occasion that regulators in a related jurisdiction must observe this data, I’ve included it right here as a paper path. Whereas this is occurring, it is clear that EQT Financial institution is a forerunner of types to Dragon World Finance. It stays to be seen if it’s a pure clone or a modified Ponzi scheme.
Norman has arrange EQT Financial institution in an effort to obfuscate his involvement in EQT Companions, which he intends to cover behind. Swedish non-public fairness agency EQT manages many billions of {dollars}’ value of investments worldwide. It has nothing to do with EQT Financial institution or Anthony Norman.
As EQT Companions, we are able to clearly see Norman’s plan to cover his new Ponzi scheme from the general public. On or round December 20, 2021, Dragon Finance World is predicted to have gone out of enterprise. Nobody is aware of for positive if Norman will proceed the EQT Financial institution reboot or rebrand once more.
