Auratus adjoining BitexLive has knowledgeable traders it has “determined to discontinue its providers in america and Canada”.
BitexLive is a cryptocurrency change that’s believed for use to launder funds invested into Auratus and Billionico.
Coinciding with BitexLive being set as much as enable Auratus and Billionico traders to money out TGP factors by means of on November 1st…
…on October thirty first BitExLive introduced “strategic concerns”:
Clicking both of the cited hyperlinks takes you to a different web site web page, on which BitExLive advises;
After a complete overview of the evolving regulatory panorama, Bitexlive has made the strategic determination to discontinue its providers for customers situated in america and Canada.
This determination was not made flippantly, and it displays our dedication to complying with worldwide laws and offering the very best requirements of service to our customers.
Neither Auratus’ or Billionico’s claimed enterprise fashions are inherently unlawful. What makes them fraudulent is each corporations should not registered with North American securities regulators.
Along with verifiable securities fraud, as was the case with GSPartners, Billionico and Auratus failing to register with monetary regulators lends itself to working of a Ponzi scheme.
As a automobile by means of with Auratus and Billionico funds are transferred by means of, this will increase the danger BitexLive can even be focused by North American authorities.
Billionico and Auratus are already Respondents in a securities fraud stop and desist issued by the Texas State Securities Board (TSSB).
US and Canadian BitExLive account holders have till November fifteenth to withdraw what’s of their accounts.
After this date, entry will probably be absolutely disabled, and funds not withdrawn will probably be processed based on our phrases and situations.
What “phrases and situations” BitExLive is referencing is unclear.
BitexLive is connected to IBBP Pay Companies Kazakhstan Ltd., a Kazakhstan shell firm registered by Leon Filipovic (proper).
Filipovic is a long-time enterprise accomplice of Josip Heit’s. He’s additionally the registered proprietor of Orbit Conceptum AG, a shell firm connected to Billionico.
The TSSB named Filipovic as a “associated non-respondent” of their April 2024 Billionico and Auratus order.
Auratus not too long ago launched a “storage packing containers” funding scheme. Though the terminology is totally different, it’s basically a clone of GSPartners’ collapsed metaportfolio certificates scheme.
Auratus is linked to traders by means of Billionico’s backoffice, together with what seems to be a number of but to be launched funding scheme ruses:
Pending additional updates on any new Auratus and Billionico unregistered funding schemes, we’ll hold you posted.