Xaindex has obtained a securities fraud warning from the Australian Securities and Investments Fee (ASIC).
As per ASIC’s January 2nd warning, Xaindex
is more likely to offer monetary providers to Australian shoppers.
It doesn’t maintain an Australian monetary providers licence or Australian credit score licence from ASIC, and isn’t authorised by a licensee.
Providing securities with out registration with ASIC constitutes securities fraud underneath Australian legislation.
Xaindex is a Boris CEO Ponzi scheme fronted by actors.
The rip-off’s “Grasp Distributor” is Moscow-based Dil Narzi (aka Mad Deuce, Dill MadDeuce).
In an try to seem official, the Russian scammers behind Xaindex hid behind an Australian shell firm.
Xaindex Applied sciences PTY LTD was registered with ASIC on November thirtieth, 2022.
Xaindex’s advertising claims are what seemingly prompted ASIC’s warning, albeit over a 12 months after Xaindex Applied sciences PTY LTD was registered.