Quwiex has acquired a securities fraud warning from New Zealand’s Monetary Markets Authority.
In response to being busted, Boris CEO George Bennet has introduced Quwiex International rebranding.
As per its April eighth warning, the FMA writes;
We’re involved that Quwiex Restricted could also be concerned in a rip-off.
The entity is providing to supply monetary providers with out being registered on the Monetary Service Suppliers Register (FSPR) as a registered monetary service supplier in New Zealand; and Quwiex Restricted can also be making statements concerning the returns an investor would obtain from the monetary service supplied, that seem like false and deceptive and/or unsubstantiated.
Quwiex in fact has no enterprise operations in New Zealand. Neither is it registered with the FMA.
The Ponzi scheme is believed to be run by Russian scammers, working out of Dubai or Russia itself.
On April thirteenth Boris CEO George Bennet featured in a video not directly addressing Quwiex’s New Zealand fraud warning.
Showing in entrance of a inexperienced display screen, Bennet repeats the lie that Quwiex is predicated out of New Zealand.
After citing New Zealand as “the middle of cryptocurrencies [sic]”, he bemoans the space between it and “different monetary facilities”.
The answer? Rebranding Quwiex Restricted as Quwiex International.
The corporate Quwiex turns into a worldwide firm.
Already by April 21 is not going to solely have a license from the US, however may also obtain an up to date license in New Zealand.
Furthermore, the corporate will probably be referred to as Quwiex International.
As reviewed right here on BehindMLM, Quwiex affords a 5% passive return. The solely registration within the US that may matter is registration with the SEC.
Boris CEO scammers aren’t going to try this for apparent causes. I think Quwiex International will probably be integrated as a shell firm. For the aim of MLM due-diligence, that is meaningless.
As for New Zealand, Quwiex was by no means registered with the FMA so there’s no “up to date license” to get.
It needs to be famous that the explanation registration with monetary regulators just like the SEC and FMA issues, is as a result of accompanying that’s the requirement for audited monetary reviews.
That is the one option to confirm an MLM firm providing securities just isn’t working as a Ponzi scheme.
MLM corporations providing passive returns that don’t decide to register and commit securities fraud, achieve this as a result of they’re Ponzi schemes.
To dupe gullible traders, scammers use primary incorporations, actors taking part in CEOs, bullshit guarantees and so forth. As we’ve seen with Quwiex.
Wanting ahead, Quwiex had introduced a Ponzi shindig in Vietnam.
When BehindMLM reviewed Quwiex final month, we famous Vietnam was the third largest supply of visitors to its web site. No matter Quwiex recruitment was happening in Vietnam nevertheless has since collapsed.
And so Quwiex has moved its first promo occasion to Dubai.
As a way to construct on our success the Board additionally determined to prepare a number of conferences all over the world.
The primary two will happen in Dubai and Korea.
Dubai is the MLM rip-off capital of the world. Boris CEO Ponzis and Dubai go hand-in-hand.
Primarily based on web site visitors evaluation from Alexa, Quiex recruitment is at the moment going down in Algeria, Saudi Arabia and Egypt.
