Skainet Methods has acquired a securities fraud warning from Germany’s BaFin regulator.
In its warning BaFin cites each Skainet Methods and purported mum or dad shell firm Cermak LLC.
As per Bafin’s January twenty second, 2025 warning;
The monetary regulator BaFin warns in opposition to provides from Cermak LLC.
Based on BaFin ‘s findings, the corporate provides banking transactions and/or monetary companies with out a license on its web site skainetsystems.com. The corporate isn’t supervised by BaFin.
BaFin additional warns its investigation into Skainet Methods and Cermak is ongoing.
BaFin’s Skainet Methods fraud warning coincides with elevated withdrawal restrictions and limitations.
Skainet Methods is an MLM buying and selling ruse Ponzi run by Michael Baur (aka Micha Baur).
Baur is a German nationwide and serial fraudster hiding out in Dubai.
As of December 2024, SimilarWeb tracked high sources of Skainet Methods’ web site visitors because the UAE (26%), Italy (24%), Germany (15%), Vietnam (15%) and Sweden (10%).
Outdoors of the UAE (Dubai), Skainet Methods’ web site visitors plummeted by as a lot as 84% month on month.