Quintessential Enterprise Community (QBN) has acquired a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).
As per the CNMV’s February twenty fifth warning;
QBN isn’t authorised to offer the funding providers and actions topic to the exercise restriction in accordance with the … Spanish Securities Markets and Funding Companies Act.
Providing unregistered securities is illegitimate as per Spanish monetary regulation. Doing so constitutes securities fraud.
QBN is an MLM crypto Ponzi scheme. The rip-off runs a “staking” Ponzi mannequin, constructed round its QBN token.
Heading up QBN is co-founders Anwaar Qureshi, Farid Ladhani, Maher Awad and Tariq Ausaf.
All 4 of QBN’s co-founders believed to be Texas residents. They’re additionally former promoters of the collapsed BizzTrade Ponzi scheme.
QBN working a fraudulent funding scheme and being made up of serial fraudsters is at odds with its advertising and marketing:
As of January 2025 SimilarWeb was monitoring ~4100 month-to-month visits to QBN’s web site, down 82% month on month.