TLC Buying and selling is claiming funds invested into its Ponzi scheme are insured by Liga Insurance coverage.
The declare was made by the second actor to play fictional TLC Buying and selling CEO Armen Sargasyan, in a advertising video printed to YouTube earlier this week.
[0:20] As we speak I can present you official doc. Official insurance coverage, legal responsibility insurance coverage of our firm.
What this implies?
That is smartest thing what I can let you know and shared to you. All our cash, all firm property it’s already cowl however official insurance coverage by greatest firm in Armenia.
[3:18] So if firm will probably be bankrupt, insurance coverage pays it again your cash.
[7:20] You don’t have to do any KYC. KYC shouldn’t be current on this insurance coverage and no one care, as a result of we’re simply placing identify, surname in certificates and you’re getting.
When you’ve got your certificates you may… if one thing occur, it ought to and your funds will come again to you.
So that is additionally nice as a result of we, like you understand us, we don’t like KYCs.
A purported June tenth “certificates of insurance coverage” for coverage quantity: LI003564, issued by Liga Insurance coverage, is offered:
Notably the shell firm on the certificates is “TLC LLC”. That is totally different to the “TLC Buying and selling LLC” Armenian shell firm TLC Buying and selling beforehand representing it operated by way of.
As per the purported Liga Insurance coverage certificates, the acknowledged kind of insurance coverage offered is “merchandise legal responsibility insurance coverage”.
Product legal responsibility insurance coverage protects an organization if a bodily product causes harm and/or damages to a third-party.
Placing apart TLC Buying and selling has no product to qualify for legal responsibility insurance coverage, It has nothing to do with insuring funds invested into the Ponzi scheme.
What product legal responsibility insurance coverage is, is totally at odds with the the second actor to play Sargasyan’s representations;
[1:48] We’re first firm on the planet who’ve official insurance coverage of all asset within the pockets.
From this time until one yr … to ninth of June subsequent yr, all our cash it’s coated.
TLC Buying and selling is a reboot of the collapsed Commerce Like Loopy Ponzi scheme. The rip-off is believed to be run by Polish and/or Russian scammers hiding in Dubai.
Liga Insurance coverage, based in 2008, claims it’s “the biggest insurance coverage firm in Armenia”. BehindMLM has reached out to Liga Insurance coverage for remark.