AladinCoin regulatory warnings issued in Switzerland and Austria
Authorities in Switzerland and Austria have issued investment warnings against AladinCoin.
Switzerland’s Financial Market Supervisory Authority added AladinCoin to their warning list on June 8th.
FINMA warns AladinCoin (listed as Aladin Capital) is not authorized to offer financial services in Switzerland (unregistered securities equivalent).
Separately, Austria’s Financial Market Authority banned AladinCoin promotion and investment on July 5th.
The FMA warns Aladin Capital AG (which appears to have been renamed Swiss Dynasty Trust AG) failed to register with the FMA.
Both FINMA’s and the FMA’s warnings can be considered “unregistered securities” equivalents in their respective jurisdictions.
BehindMLM reviewed AladinCoin back in February. We determined AladinCoin is a Ponzi scheme based on investment in non-publicly tradable AIC points.
To the best of our knowledge neither AladinCoin or Aladin Capital have registered with a securities regulator in any jurisdiction they operate in.
That’s right:
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Allegedly, the company hereby deals with the following:
The CEO (in Switzerland called “Verwaltungsrat”) is Walter Dietrich Neupert. Neupert is also CEO (Verwaltungsrat) of another company with a similar name: Swiss Diamond Trust AG.
Thank you Oz and again – thanks to all who have uncovered this scam.
It is truly global in nature. Many people have been hurt by this group. they are based in the US.