February 05, 2016 BY Maria Nikolova

HYIP scheme architect gets $1.12 million penalty in Quebec

Quebec court has imposed a fine of CAD 1.54 million (USD 1.12 million) on Alain André Desarzens, an operator of a high-yield investment program. The legal decision comes after an investigation by the Quebec financial markets regulator AMF, which showed that Mr Desarzens was running numerous HYIP promotions online and via emails. He was promising…

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November 24, 2014 BY Andrew Saks-McLeod

FxPresent added to CRFIN blacklist

According to CRFIN, potential investors should exercise caution when dealing with FxPresent, as it shows signs of being a HYIP by promising what the self-regulatory organization considers to be unrealistically high returns and guaranteed bonuses

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