Eaconomy has obtained a securities fraud warning from the Czech Nationwide Financial institution (CNB).
As per the CNB’s November eleventh, 2024 warning;
The Czech Nationwide Financial institution attracts the general public’s consideration to funding gives by means of the Eaconomy mission from Eaconomy LLC, which doesn’t have any license to supply funding companies or every other license to function on the monetary market within the Czech Republic.
The enterprise mannequin of the Eaconomy funding mission reveals indicators of a pyramid scheme and is obtainable to the general public primarily by means of numerous individuals on social networks (monetary influencers).
Any funding shouldn’t be legally insured or in any other case protected.
As per Czech regulation, providing securities to Czech residents with out registration is prohibited.
Along with Czechia, Eaconomy has obtained regulatory fraud warnings in Quebec (Canada), Norway, New Zealand, Slovakia and the UK.
Eaconomy is an AI buying and selling bot MLM firm run by US resident Hassan Mahmoud (proper).
BehindMLM final reviewed Eaconomy in 2021, noting each securities and pyramid fraud considerations.
Eaconomy markets two month-to-month subscription memberships … the first distinction between the 2 choices is the automated buying and selling bot, renamed “Aithena”.
Aithena is on the market by means of Elite Professional solely. Supposedly Elite Professional shouldn’t be obtainable within the US.
Outdoors the US Eaconomy is committing securities fraud in each jurisdiction Elite Professional subscriptions are being bought.
Right now Eaconomy markets two memberships on its web site; Eminus and Manara.
Eminus gives “commerce concepts”. Manara is an AI grift, once more providing commerce concepts. No pricing is offered.
The CFTC beforehand fined Mahmoud $75,000 for commodities fraud in 2019.
SimilarWeb tracked ~222,000 month-to-month visits to Eaconomy’s web site as of October 2024.
Prime sources of Eaconomy web site site visitors are at present the UK (48%), Poland (12%), Colombia (8%), the US (7%) and the Philippines (6%).
Eaconomy shouldn’t be registered to supply securities in any of those jurisdictions.