Rolvi Buying and selling has obtained a securities and pyramid fraud warning from New Zealand’s Monetary Markets Authority.
As per the FMA’s June twelfth warning;
Rolvi Commerce – unregistered, potential pyramid scheme
We’re conscious that Rolvi Commerce is providing cryptocurrency merchandise and companies by way of its web site rolvitrade.com.
It isn’t registered on the Monetary Service Suppliers Register or regulated to supply these companies and merchandise to New Zealand retail shoppers, as required by the Monetary Service Suppliers (Registration and Dispute Decision) Act 2008 and the Monetary Markets Conduct Act 2013.
We suggest warning when coping with Rolvi Commerce and its web site.
The FMA notes that “New Zealanders have reported hassle withdrawing funds.”
Rolvi Buying and selling is a Boris CEO Ponzi scheme that pitches as much as 2.85% a day.
Rolvi Buying and selling initially operated from the area “rolvi.com”. Final month, in what was probably an try and dodge monetary regulators, Rolvi Buying and selling switched to “rolvitrade.com”.
Rolvi Buying and selling was initially fronted by Boris CEO “Richard F. Asperger”.
Asperger was performed by Californian primarily based actor Wesley Johnson.
Rolvi Buying and selling changed its unique Boris CEO with a brand new solid of actors a while again:
Rolvi Buying and selling’s “Founder and Director” “Joel Kristaps”, for instance, is performed by Californian actor Mike Silva.
Rolvi Buying and selling often pushes dwell Zoom conferences on its FaceBook web page:
The webinars are hosted by “Buyer Relationship Supervisor George Ostan”.
“George Ostan doesn’t exist. He’s a fictional government performed by US voice actor Daniel Britt.
In a March 2022 Rolvi Buying and selling webinar, Britt performed a recording of Dillon Kivo endorsing Rolvi Buying and selling to his a million Instagram followers.
On social media Kivo pitches himself as a “public relations professional”
Neither Rolvi Buying and selling, Wesley Johnson, Mike Silva, Daniel Britt or Dillon Kivo are registered with the SEC.
In Britt’s Rolvi Buying and selling webinars, Dillon Kivo additionally did not disclose he was paid by Rolvi Buying and selling to endorse the Ponzi scheme. This can be a potential violation of each the FTC and Securities and Change Act.
Though it makes use of US actors and influencers to advertise itself, Rolvi Buying and selling’s official FaceBook web page is managed from India:
It’s unclear whether or not Rolvi Buying and selling is operated from India or if it’s simply outsourced its social media.
With respect to Rolvi Buying and selling promotion in New Zealand, again in March the Ponzi scheme marked Glean Livingstone’s $50,000 funding.
On June fifteenth Livingstone celebrated recruitment of Norwegian Rolvi Buying and selling buyers:
Though it was deserted final month, SimilarWeb nonetheless tracked over 500,000 visits to Rolvia Commerce’s unique area in Might 2023.
Nearly all of Rolvi Buying and selling’s web site site visitors originates out of Poland (50%), South Africa (35%), the US (11%) and India (4%).
