Serial fraudster Ciprian Ciceu has rebooted his collapsed Mainet Ponzi scheme as Mainet Funded.
Mainet Funded, primarily based out of Dubai, pitches buyers on “funded” buying and selling accounts of as much as $1 million.
Connected to this can be a single-level affiliate compensation plan, paying out as much as 20% on recruitment:
Seeing as Mainet Funded isn’t an MLM rip-off BehindMLM isn’t publishing a proper overview. Mainet did get large enough although to notice Ciceu rebooting the rip-off.
Ciceu started his Ponzi scamming with Be Dealer, an MLM crypto buying and selling ruse Ponzi pitching 20% to 40% month-to-month returns.
BeTrader launched in or round July 2019 and collapsed in October 2019.
After BeTrader Ciceu launched BeTrader Academy, a shitcoin Ponzi scheme. BeTrader Academy’s collapse prompted the launch of Mainet in 2022.
Mainet was extra of the identical from Ciceu, pitching shoppers on a 0.75% day by day ROI. By native promoters, Mainet discovered an viewers of gullible buyers in France and Côte d’Ivoire.
France’s AMF blacklisted Mainet for fraud in Might 2023. That very same month Mainet disabled investor withdrawals and collapsed.
Mainet Funded’s web site area was privately registered by means of a Romanian tackle in November 2023.
Initially from Romania, Ciceu’s Ponzi scamming noticed him relocate to Dubai sooner or later.
As a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re attempting to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.