Belief Your Universe has rebooted as Universe Academy.
The transfer follows a number of securities fraud warnings from monetary regulators.
Belief Your Universe was a ten% a month Dubai Ponzi scheme run by Dada Pey.
Owing to Pey’s ties to Germany, TrustYourUniverse primarily focused buyers in Germany and Austria. This finally attracted the eye of native authorities.
Germany’s BaFin issued a Belief Your Universe securities fraud warning on December twenty second, 2022. Austria’s Monetary Market Authority issued a Belief Your Universe securities fraud warning on March seventeenth.
Following the fraud warnings, Pey deleted his energetic Instagram account and went underground.
There isn’t a point out of Pey on Universe Academy’s web site area (“the-universe.academy”). The web site area itself was privately registered on March tenth, 2023.
Belief Your Universe was run via Universe Buying and selling LLC, a St. Vincent and the Grenadines shell firm. Universe Academy has seen St. Vincent and the Grenadines switched out for Thailand.
As an alternative of providing returns via the ruse of buying and selling, Universe Academy now frames its fraudulent funding scheme as a “Shareholder Membership”.
Our shareholder swimming pools are a novel alternative to earn a share of our weekly income, just by investing in your self and selling our programs and providers to others.
Universe Academy’s month-to-month returns nonetheless work out to 10% a month.
Apart from the corporate title altering and shell incorporation in Thailand, Universe Academy is in any other case nonetheless the identical Ponzi scheme.
