Quebec court has imposed a fine of CAD 1.54 million (USD 1.12 million) on Alain André Desarzens, an operator of…
Read MoreTag: HYIP
Swiss FINMA adds Sony Online Investment to warning list
The Swiss financial markets regulator is warning regarding the activities of Sony Online Investment, which shows the signs of a high-yield investment program.
Read MoreMahiFX warns of clone company Great Trade
Great Trade, which shows signs of a high-yield investment program, misuses the data of MahiFX, including the names of the senior management of the Australian retail Forex broker.
Read MoreOSC warns regarding Forex HYIP scheme promising $20,000 return for $100 investment
Ontario’s provincial regulator has warned that Nix Investment is not licensed to carry out business in the Canadian province. The company targets retail investors with no prior experience and promises a return of $20,000 in 5 years for a $100 deposit
Read MoreSwiss FINMA adds Private Online Investment to warning list
The company pledges its clients can receive returns on investment of up to 1700% in just two hours, whereas there is no clarity on how investors’ funds are used.
Read MoreRussia’s CRFIN blacklists PRIME FMS for misleading claims about profits
Russia’s Forex self-regulatory organization says the company promises artificially high returns on investment to its clients.
Read MoreBank of Russia addresses warning about high-yield investment programs to… kids
Russia’s watchdog takes matters like financial literacy seriously and is seeking to inform the youngest population about risks associated with alternative forms of investment.
Read MoreNFA takes emergency enforcement action banning FX money manager for promising 457% return
Regulatory authorities have continued their disapproving stance with regard to FX schemes which promise very high returns, this time with the NFA banning Texan managed account provider McElhannon Group and its owner, for promising 457% return over a 13 year period
Read MoreFxPresent 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
Read MoreAntisocial media! SEC censures FX HYIP operators who exploited investors via Facebook, YouTube, and Twitter
Two Indian FX high yield investment plan (HYIP) operators have become the subject of charges by the Securities and Investments Commission in the United States for promoting an illegal scheme via popular social media sites
Read More
