What’s left of the collapsed Nugen Universe Ponzi scheme seems to be transitioning into Britto Capital.
What’s Britto Capital? I don’t actually know.
Britto Capital has an internet site arrange however at “brittocapital.com”, privately registered on October twenty second, 2022.
Britto Capital’s web site is a generic enterprise template. That is apparent as a result of, regardless of Nugen Universe being a small operation and Britto Capital being lower than a month previous, apparently it has “1600+ employees”.
Past that, right here’s what else we all know;
Hyperlinks on Nugen Universe’s now defunct web site redirect to Britto Capital:
Nugen Universe was run by co-founder and CEO Fazil Mohamed Jabar. A lately created LinkedIn profile cites Jabar as CEO of Britto Capital.
Curiously, Jabar’s location is cited as Ontario, Canada. Jabar is in any other case recognized to be a resident of Florida within the US.
Canadian authorities issued a Nugen Universe securities fraud warning in August 2022.
Company data reveal Jabar arrange Britto Abroad Holdings as a shell firm within the UK final December.
Of observe is the UK’s FCA outright banning MLM cryptocurrency funding schemes on October eighth, 2023.
Within the US, Florida company data reveal Jabar registered Brito Capital LLC with Bibi Larson on August twenty eighth, 2023.
The Florida tackle used to register the corporate is identical residential tackle used to register Nugen Universe LLC.
It appears to be like like Jabar is making an attempt to resurrect Nugen Universe however, as at time of publication, the reboot is a multitude. Pending any additional updates, we’ll hold you posted.