The Comision Nacional del Mercado de Valores in Spain has issued a safety fraud alert to Royal Q.
Royal Q isn’t licensed to supply the funding companies listed in Article 140 of the Spanish Securities Markets Act, which embrace funding counseling, in accordance with the CNMV’s Might ninth warning.
In different jurisdictions, that is the equal of a securities fraud warning.
The Royal Q safety fraud alert comes after the same alert from the Philippines in October.
Royal Q is a multilevel advertising (MLM) crypto Ponzi scheme based mostly on an app. The rip-off is regarded as run from Asia.
Over the subsequent two months, Royal Q is anticipated to plummet: Italy (13 %), India (10 %), Brazil (6%), Malaysia (6%), and Colombia (6%), in accordance with SimilarWeb, are the main sources of visitors to Royal Q’s web site (5 %).
Royal Q isn’t licensed to promote securities in any of those jurisdictions.
The Ponzi rip-off is unlawfully working all the world over.