Eaconomy has acquired a securities fraud warning from Norway’s Finanstilsynet monetary regulator.
The Norwegian Shopper Safety Authority (Forbrukertilsynet), moreover warns Eaconomy “has a number of similarities with unlawful pyramid schemes”.
As per Finanstilsynet’s September twenty fifth, 2024 warning;
Finanstilsynet attracts consideration to the truth that Eaconomy LLC (Eaconomy) doesn’t have permission to supply funding companies in Norway, and that the corporate subsequently doesn’t have the required approval underneath Norwegian regulation.
The Norwegian Shopper Safety Authority supervises pyramid schemes, and we have now additionally acquired a number of complaints about Eaconomy.
Primarily based on the data that emerges from the Finanstilsynet’s investigations and complaints we have now acquired, we see that Eaconomy has a number of similarities with unlawful pyramid schemes.
Finanstilsynet and Forbrukertilsynet subsequently warn in opposition to getting into into an settlement or utilizing the companies of Eaconomy.
Should you do this, you have to be ready to lose all the cash you place into the system.
Finanstilsynet and Forbrukertilsynet are conscious that non-public people in Norway who’re members of the “Eaconomy group” are actively attempting to recruit new prospects to the corporate, with the promise of excessive and fast income.
Finanstilsynet reminds that each the efficiency of funding companies with out the required permission and complicity in that is unlawful and that Finanstilsynet can impose infringement charges and/or report it to the police.
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 obtainable within the US.
Outdoors 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 presents “commerce concepts”. Manara is an AI grift, once more providing commerce concepts. No pricing is offered.
Quebec’s Autorite des Marches Financiers issued an Eaconomy securities fraud warning in Could 2023. The CFTC additionally 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. High sources of Eaconomy web site site visitors are at the moment Poland (29%), Colombia (16%), the UK (9%), Philippines (8%) and the US (6%).