Belief Your Universe has acquired a securities fraud warning from Austria’s Monetary Market Authority.
As per the FMA’s March seventeenth warning;
Hazard! The FMA warns in opposition to doing enterprise with: Universe Buying and selling LLC / Belief Your Universe
This supplier is just not approved to supply banking transactions in Austria that require a license.
The supplier is due to this fact not permitted to commerce by itself account or for the account of a 3rd celebration.
The FMA cites web site domains related to Belief Your Universe as:
- tyu-trade.com
- tyu-trade.at
- trust-your-universe.de
- trustyouruniverse.at
- trustyouruniverse.org
- trust-your-universe.web
- ty-at
- tyu-trade.de
- tyu-trading.de and
- portal.tyu-trade.com
Belief Your Universe is a Dubai-based MLM crypto Ponzi run by German nationwide Dada Pey.
FMA’s warning is according to BehindMLM’s Belief Your Universe assessment, printed October 2022.
At time of publication, 100% of Belief Your Universe’s web site visitors originated from Indonesia.
Since then, Belief Your Universe recruitment in Indonesia has collapsed. In the present day SimilarWeb tracks a unbroken general decline in Belief Your Universe web site visitors.
As of February 2023, high sources of Belief Your Universe web site visitors are:
- Switzerland – 55%, up 40% month on month
- Germany – 36%, down 50% month on month
- Eire – 5%, no change
- Austria – 4%, down 57% month on month
From this we will conclude that Belief Your Universe recruitment in Germany and Austria has additionally collapsed. New victims are being recruited in Switzerland, exterior of which there isn’t a lot happening.
One different notable change is Belief Your Universe shifting shell incorporation to Thailand.
Final October Belief Your Universe represented it was run by Universe Buying and selling LLC, a St. Vincent and the Grenadines shell firm.
Whereas St. Vincent and the Grenadines continues to be cited within the footer of Belief Your Universe’s web site…
We, Universe Buying and selling LLC (“TrustYourUniverse”), are offering brokerage companies and might achieve this as set by the Authorities of St. Vincent and Grenadines rules.
…an deal with in Thailand is now offered for Universe Buying and selling LLC. Whether or not this modification is expounded to a regulatory crackdown or not is unclear.
One other entity to notice is “A-Guide Dealer LLP”.
TrustYourUniverse is operated by Universe Buying and selling LLC which is the first service supplier and web site operator.
We’re contracting with A-Guide Dealer LLP, which is offering all companies regarding buying and selling / MT5 entry / to hold out buying and selling companies that we provide.
A-Guide Dealer LLP is regulated by the Ministry of Finance (License No. KZ25UWX00002083), authorizing the corporate to supply Prime Brokerage Companies and Straight-By way of Processing.
A-Guide Dealer LLP seems to be a shell firm arrange in Kazakhstan. A-Guide Dealer LLP’s web site area was solely just lately registered on October sixth, 2022.
Issues get much more murky when A-Guide Dealer LLP refers to itself as “BlackGateBroker” on its web site.
BlackGateBroker is a completely licensed and controlled entity. We possess a monetary service license which permits straight by brokerage.
Firm: BlackGateBroker LLP.
License Quantity: KZ25UWX00002083
Authorised by: Nationwide Financial institution of Kazakhstan
Regulated by: Ministry of Finance
Evidently no matter shenanigans are happening, Belief Your Universe isn’t registered to supply securities in any jurisdiction. Random shell firms in Kazakhstan doesn’t present Belief Your Universe any authorized legitimacy.
Since publication of BehindMLM’s Belief Your Universe assessment, Dada Pey has deleted his beforehand lively and publicly accessible Instagram account.
I did discover another account that’s lively (@pey_trade), however I’m unsure if it’s really run by Pey. Pey deserted his FaceBook account in August 2022.
Whereas Austria has taken motion in opposition to Belief Your Universe, sadly German authorities have a poor monitor document regulating German nationals operating MLM Ponzi schemes.
Pey is assumed to nonetheless be hiding out in Dubai.