Validus has obtained a second securities fraud warning from New Zealand.
The warning follows the Monetary Markets Authority ordering Validus to stop operations nationwide again in February.
Regardless of the ban, in a March twentieth warning the FMA states they
are conscious that seminars have been held in New Zealand to advertise the services of Validus.
We’re involved that Validus is working in breach of the New Zealand monetary markets laws, particularly, Validus is offering monetary companies in New Zealand with out registration as a monetary service supplier as required by the Monetary Service Suppliers (Registration and Dispute Decision) Act 2008.
That is the equal of a securities fraud warning in different jurisdictions.
With respect to MLM firms like Validus committing securities fraud, FMA
strongly advocate(s) that traders don’t commerce or make investments with entities that aren’t registered and/or licensed in New Zealand.
The FMA issued its first Validus securities fraud warning final September.
I really feel like I’m declaring the apparent right here, but when Validus continues to be being promoted in New Zealand regardless of a stop commerce order and two securities fraud warnings, it’s in all probability time to begin rounding up organizers of native occasions.
BehindMLM beforehand recognized Timote Makaui and Ali and Fatima Weaver as ringleaders behind Validus promotion in New Zealand.
Validus is a Dubai-based Ponzi scheme run by former OneCoin scammers Parwiz Daud and Mansour Tawafi.
Along with New Zealand, Validus has attracted regulatory consideration from Australia and Belgium.
As of March 2023, SimilarWeb tracks prime sources of site visitors to Validus’ web site as France (19%), Colombia (11%) and Brazil (10%).
