FVP Commerce has obtained a securities fraud warning from the Australian Securities and Investments Fee (ASIC).
As per ASIC’s November eighth warning, FVP Commerce
is more likely 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.
Providing securities with out registration with ASIC constitutes securities fraud underneath Australian regulation.
FVP Commerce was a Boris CEO Ponzi scheme launched in mid 2020. The rip-off is believed to be run by Asians, with doable ties to Dubai.
BehindMLM documented FVP Commerce’s collapse in July 2022, just a few weeks after we printed our evaluate.
Up to now FVP Commerce’s authentic web site stays offline. A seek for the corporate reveals a doable reboot (or restoration rip-off), working from “fvptrade.data”.
FVP Commerce’s .INFO area was privately registered on February ninth, 2023. SimilarWeb tracked ~3600 visits to FVP Commerce’s .INFO area in October 2023, 19% of which originated from Australia.
I’m guessing current FVP Commerce recruitment exercise in Australia is what prompted ASIC’s warning (regardless of them citing FVP Commerce’s authentic deserted area).
Along with Australia, FVP Commerce obtained a securities fraud warning from Quebec in August 2022.