Turbo has obtained a securities fraud warning from France.
As per the Autorite des Marches Financiers’ July seventh warning, Turbo is
providing in France investments in Foreign exchange and in crypto-assets derivatives with out being licensed to take action.
That is the equal of a securities fraud warning in different jurisdictions.
Turbo was a foreign currency trading bot Ponzi scheme run by David Merino.
The rip-off collapsed in early 2023 by disabling investor withdrawals.
Final month BehindMLM referred to as Turbo’s collapse, noting a KYC exit-scam and launch of a $10,200 reload rip-off.
We additionally famous Merino was gaslighting his victims on social media.
Regardless of Turbo collapsing, Merino’s FaceBook accounts continued to showcase folks thanking him for withdrawals.
As of July 2023, Merino is continuous the charade:
I had a glance into three current accounts connected to the posts. All three had been both hacked and/or not too long ago created profiles with stolen pictures retroactively added (that is executed to make not too long ago created bogus profiles look older than they’re).
The posts additionally seem to have artificially boosted engagement (likes/feedback) from FaceBook bots (new/stolen/hacked accounts).
