New Zealand’s Monetary Markets Authority has issued a warning to Validus about securities fraud (FMA).
The FMA recommends they heed its warning from September fifteenth by
“We’re knowledgeable that seminars have been held in New Zealand to promote Validus’s items and companies.
We’re involved that Validus is working in violation of the Monetary Service Suppliers (Registration and Dispute Decision) Act of 2008, particularly as a result of Validus is providing monetary companies in New Zealand with out having registered as a monetary service supplier as required by that Act.”
In different jurisdictions, this could be the equal of a securities fraud discover.
The FMA additional advises, in gentle of Validus’ securities fraud;
Buyers are strongly suggested to not transact with or put money into firms that aren’t registered and/or licensed in New Zealand.
Former OneCoin scammers Parwiz Daud and Mansour Tawafi, former OneCoin scammers, are the house owners of Validus, a Dubai MLM crypto Ponzi scheme.
The Puppet CEO for Validus is Howard Pal:
Validus guarantees a 300% return on funding, distributed over 60 weeks.
Though Validus explicitly provides securities, it’s not registered to take action in any jurisdiction.
SimilarWeb displays a discount in visits to Validus’ web site as of August 2022.
26% of tourists to Validus’ web site are from Colombia, a decline of 60% month over month.
The US accounts for 14% of visitors, down 11% month over month; the UK accounts for 9% of visitors, down 38% month over month; and France accounts for 16% of visitors, down 48% month over month.
In Colombia, the recruitment of Validus victims has reached its peak, and if no extra suckers are discovered quickly, Validus will enter collapse mode.
The world’s MLM crime capital is Dubai. The emirate has a popularity for shielding MLM Ponzi schemes and the con artists who function them.
