Skainet Programs has obtained a pyramid fraud warning from the Central Financial institution of Russia (CBR).
As per the CBR’s March 14th warning, Skainet Programs displays “indicators of a monetary pyramid”.
Skainet Programs is an MLM buying and selling ruse Ponzi run by German nationwide Michael Baur (aka Micha Baur).
Germany’s BaFin issued a Skainet Programs securities fraud warning again in January. Baur nonetheless is hiding out in Dubai.
Skainet Programs entered its collapse trajectory in late 2024. By the top of January Skainet Programs’ web site visitors had plummeted and the scheme was on the snapping point.
Final month new suckers had been present in France. New future victims in France are at the moment maintaining Skainet Programs alive.
As of February 2025, SimilarWeb tracked 82% of Skainet Programs’ web site visitors from France. The remaining 8% is from Italy and Croatia, with each nations in decline.
CBR’s warning may sign recruitment of Russian buyers this month, or cleansing up prior Skainet Programs scamming in Russia.