The Validus Ponzi scheme has collapsed.
In an e mail despatched out to buyers, Validus has confirmed withdrawals have been disabled.
The ruse behind Validus’ collapse is “again workplace upgrades”. Validus is claiming it’s going to take 26 days to carry out
a whole safety overhaul and fee system replace following the success of again workplace upgrades.
In authentic enterprise environments, modifications are rolled out and examined on a mirrored platform. As soon as confirmed to be working they’re deployed to dwell servers with little to no downtime.
The precise cause for Validus’ collapse is a decline in new funding. Particular greenback quantities can’t be offered however we will see SimilarWeb monitoring a decline in visitors to Validus’ web site:
For MLM Ponzi schemes, a decline in web site visitors correlates to a decline in new funding.
Whereas it really works to separate buyers from their cash, Validus has dangled Might sixteenth as a possible date for resuming withdrawals.
We anticipate this work to be accomplished on Might 16, throughout which era withdrawals will likely be briefly suspended.
Nevertheless, our Present Pockets stays totally operational and we encourage members to make use of it throughout this time.
Validus’ “reward pockets” refers to an inner mechanism by way of which buyers can switch backoffice funds to one another.
That is usually used as a recruitment software, permitting scammers to just accept cash direct from their victims.
As soon as fee has been acquired, recruiting scammers then dump nugatory Validus backoffice funds on their victims by way of the reward pockets.
Validus’ withdrawal legal responsibility stays the identical however no new cash enters the corporate.
Pending additional updates, reward pockets recruitment is now the one method Validus promoters can proceed to steal cash.
Validus is a Dubai-based Ponzi scheme run by former OneCoin scammers Parwiz Daud and Mansour Tawafi.
Initially from the UK, Daud and Tawafi fled to Dubai after OneCoin.
Validus’ collapse follows regulatory fraud warnings from New Zealand, Australia and Belgium.
On the time of its collapse, SimilarWeb tracks prime sources of visitors to Validus’ web site as France (19%), Colombia (11%), Brazil (10%), the UK (9%) and the Netherlands (7%).
