The Canadian province of Quebec has issued a fraud alert for VFP Trade’s securities.
According to a recent alert from the Autorite des Marches Financiers;
Due to a lack of registration with the AMF, VFP TRADE LTD is unable to legally approach potential investors in Québec.
On July 27th, the AMF issued a public warning on the VFP Trade:
On July 5th, 2022, BehindMLM conducted an in-depth examination of VFP Trade. Securities fraud by VFP Trade and the deployment of fictitious chief executive officers (CEOs) by Boris were the main sources of worry.
Two weeks later, VFP Trade declared an “exit scam” due to “regulators!” and went bankrupt.
Swindlers based in southeast Asia are suspected of running VFP Trade.
Note that AMF does not give a clickable link to alerts on securities fraud. Instead, the above screenshot is shared on a website that hosts a database of scam businesses.