New Zealand’s Financial Markets Authority has warned Validus about fraud with securities (FMA).

In a warning sent out on September 15, the FMA says they

People know that Validus has held seminars in New Zealand to promote its products and services.

We are worried that Validus is not following the rules for New Zealand’s financial markets. In particular, Validus is offering financial services in New Zealand without being registered as a financial service provider, as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

In other places, this is the same as a warning about securities fraud.

The FMA also says, in light of the fact that Validus lied about security,

We strongly suggest that investors don’t trade or invest with companies that aren’t registered and/or licensed in New Zealand.

Validus is a Dubai-based MLM crypto Ponzi scheme run by Parwiz Daud and Mansour Tawafi, who used to scam people with OneCoin.

Validus has put Howard Friend in charge as CEO:

Validus promises investors a 300% return on their money over 60 weeks.

Validus is clearly selling securities, but it is not registered to do so in any country.

SimilarWeb can see that the number of people visiting Validus’ website is going down as of August 2022.

Validus gets 26% of its website traffic from Colombia, which is down 60% from the previous month. 
France gets 16% of the traffic, which is down 48% from last month. The US gets 14% of the traffic, which is down 11% from last month. The UK gets 9% of the traffic, which is down 38% from last month. 
Validus can no longer find new victims in Colombia, so if they don’t find more suckers soon, Validus will start to fall apart.

Dubai is the world’s MLM crime capital. People know that the emirate is a safe place for MLM Ponzi schemes and the scammers who run them.

Leave a comment

Your email address will not be published. Required fields are marked *