New Zealand’s Financial Markets Authority has issued a warning to Validus about securities fraud (FMA).
The FMA recommends they heed its warning from September 15th by
are informed that seminars have been organized in New Zealand to advertise Validus’s goods and services.
We are concerned that Validus is operating in violation of the Financial Service Providers (Registration and Dispute Resolution) Act of 2008, namely because Validus is offering financial services in New Zealand without having registered as a financial service provider as required by that Act.
In other countries, this would be the equivalent of a securities fraud notice.
The FMA further recommends; in light of Validus’ securities fraud;
Investors are strongly advised not to transact with or invest in companies that are not registered and/or licensed in New Zealand.
Parwiz Daud and Mansour Tawafi, former OneCoin fraudsters, are the owners of Validus, a Dubai MLM crypto Ponzi scheme.
The puppet CEO for Validus is Howard Friend:
Validus promises a 300% return on investment, distributed over 60 weeks.
Although Validus explicitly offers securities, it is not registered to do so in any country.
SimilarWeb monitors a reduction in visits to Validus’ website as of August 2022.
26% of visitors to Validus’ website are from Colombia, a decline of 60% month over month.
The US accounts for 14% of traffic, down 11% month over month, the UK accounts for 9% of traffic, down 38% month over month, with France accounting for 16% of traffic, down 48% month over month.
In Colombia, the recruitment of Validus victims has reached its peak, and if no more suckers are found soon, Validus will enter collapse mode.
The world’s MLM crime capital is Dubai. The emirate has a reputation for protecting MLM Ponzi schemes and the con artists that operate them.