Eaconomy has obtained a securities fraud warning from New Zealand’s’ Monetary Markets Authority (FMA).
As per the FMA’s October 2nd, 2024 Eaconomy warning;
Eaconomy promotes its AI-powered software program and a “copy buying and selling” platform (i.e. Manara, and Eminus) for binary choices, crypto belongings, and international forex buying and selling.
Its web site creates an total deceptive impression that its buying and selling platform and software program could make buying and selling simpler and safer, together with in binary choices, which is a extremely complicated and dangerous product.
We advocate warning when coping with Eaconomy LLC/Eaconomy, or any particular person or entity selling its providers or merchandise.
We’re involved Eaconomy isn’t authorised to offer any monetary providers or merchandise below the New Zealand legislation.
The FMA cites earlier Eaconomy fraud warnings from Norway and Quebec, Canada.
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 offered by means of Elite Professional solely. Supposedly Elite Professional isn’t accessible within the US.
Exterior the US Eaconomy is committing securities fraud in each jurisdiction Elite Professional subscriptions are being bought.
As we speak 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 supplied.
The CFTC beforehand fined Mahmoud $75,000 for commodities fraud in 2019.
SimilarWeb tracked ~159,000 month-to-month visits to Eaconomy’s web site as of August 2024. Prime sources of Eaconomy web site visitors are at present Poland (29%), Colombia (16%), the UK (9%), Philippines (8%) and the US (6%).