DAO1 has acquired a securities fraud warning from the Australian Securities and Investments Fee (ASIC).
As per ASIC’s February 2nd, 2025 DAO1 warning;
[DAO1] is prone to offer monetary providers to Australian shoppers. It doesn’t maintain an Australian monetary providers licence or Australian credit score licence from ASIC, and isn’t authorised by a licensee.
Virtually all suppliers of economic providers in Australia should be licensed by ASIC.
DAO1 providing passive returns to Australians with out registering with ASIC constitutes a proposal of unregistered securities.
Providing unregistered securities in violation of Australian monetary regulation constitutes securities fraud.
Along with Australia, New Zealand’s FMA issued a DAO1 securities fraud warning final month.
DAO1 is the newest in a collection of unregistered securities supplied by Gold Customary Company (GSB).
ASIC cites DAO1’s web site domains as “dao1.ai” and dao1.data”.
DAO1 is a continuation of the funding fraud GSB began with GSPartners, at present on the middle of settlement proceedings that can see proprietor Josip Heit refund victims throughout North America.
BehindMLM reviewed DAO1 on January third, 2025 and confirmed it was a reboot of GSPartners on January sixth.
On January twenty first, GSB confirmed DAO1 and related scheme GSPro+ would not be accessible to North American shoppers.
U.S. and Canadian prospects can’t retain their certificates and earn curiosity or different rewards.
If anybody tells you in any other case, don’t consider them.
U.S. and Canadian prospects additionally can’t roll over into a brand new product. Merchandise supplied by GSPro+ and DAO1 is not going to be accessible to residents of the USA and Canada.
Once more, if anybody tells you in any other case, don’t consider them.
This platform will solely be accessible exterior of the USA and Canada.
GSPartners victims throughout North American taking part jurisdictions will be capable to file settlement claims for 90 days from February twenty first.