The Russian authorities have issued Introax with a securities fraud notice.
Introax shows “signs of a financial pyramid (scheme),” according to the Bank of Russia’s February 2nd warning.
Introax invites investors to invest with the promise of daily returns of up to 5%.
Introax was reviewed by BehindMLM on January 25th. We discovered securities fraud evidence and decided that Introax was a Ponzi scheme.
Introax ceased paying on January 31st, according to Jharol Smith, a habitual promoter of Ponzi schemes.
Smith states in his video that the Telegram used to organize Introax investment has also gone offline.
Smith keeps track of his involvement in fraudulent investment schemes on the Bank of Jharol to encourage others to work with him.
Smith, a Maryland resident, is not registered with the Securities and Exchange Commission.