In obvious retaliation for some web site reporting on the Ponzi scheme that’s Nugen Universe, the corporate has requested that associates promptly take away any info that might incriminate them.
On June twenty seventh, one of many web site featured an article about Nugen Universe. The report we revealed uncovered Nugen Universe’s scheme to get a US banking license whereas persevering with to commit securities fraud.
Nugen Universe’s associates program up to date their phrases and situations in response to this.
Until you will have the corporate’s categorical written permission, it’s possible you’ll not promote your relationship with them in any method. All public/social media boards and networks are included on this, not solely the most well-liked ones like YouTube, Fb, Instagram, LinkedIn, Twitter, and so on. Within the occasion that the corporate suffers any harm on account of a breach of the foregoing, the corporate retains all authorized cures.
By checking this field, the member acknowledges studying these phrases and situations and agrees to pay any and all authorized charges incurred by the corporate on account of the member’s actions.
Moreover, the member agrees to take down any content material (textual content, pictures, movies, and so on.) that has not been reviewed and authorized upfront. Any violation of this settlement could trigger your account to be locked, and the member could forfeit half or all of those benefits.
Nugen Universe states that “company-sponsored webinars and convention calls could freely be shared.” There’ll seemingly be no dialogue of the securities fraud and Ponzi scheme at Nugen Universe on these calls and webinars.
Securities fraud is irreversible from a regulatory perspective. In terms of investing, fraud is all the time a foul concept.
Fazil Mohamed Jabar (on the proper) and John Austin (on the left) are the co-founders of Nugen Universe.
Based on SimilarWeb, greater than 90% of holiday makers to Nugen Universe’s website are situated in the US.
Ought to US authorities examine Nugen Coin for disguising safety and wire fraud, it lends itself to felony conspiracy accusations. Moreover, civil securities fraud accusations have been filed.