Mavie International has obtained a pyramid fraud warning from Russia.
As per the Central Financial institution of Russia’s June twenty sixth warning, Mavie International displays “indicators of a monetary pyramid”.
CBR taking motion towards Mavie International is important. As of Might 2024, SimilarWeb tracked Russia as the first supply of Mavie International web site site visitors (35%).
Mavie International has beforehand additionally obtained fraud warnings from Canada and New Zealand.
Coinciding with CBR’s fraud warning is Mavie International saying the collapse of its authentic Ultron Ponzi scheme yesterday.
As an alternative of being sincere about elevated regulatory scrutiny, dwindling web site site visitors and new funding to maintain the Ponzi going, Mavie International proprietor Michael Prazenica cited newly enacted “Markets in Crypto-Asset Regulation” (MiCA) in Europe.
MiCA, as the brand new laws are often called, has nothing to do with Mavie International’s previous, current and continued securities and pyramid fraud.
MiCA additionally has nothing to do with Mavie International collapsing its authentic Ultron Ponzi.
In an try to entice new traders, Mavie International has rushed out a number of Ponzi reboots over the previous yr:
For now these scams stay operational. Pending additional motion by authorities and/or a continued decline in new Mavie International funding, it’s anticipated they too will likely be collapsed in some unspecified time in the future.
Michal Prazenica, initially from Europe, fled to Dubai to set Mavie International and Ultron up.
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.