Aurum Foundation has received a securities fraud warning from Greece’s Hellenic Capital Market Commission (HCMC).

As per HCMC’s May 15th Aurum Foundation warning;

The Hellenic Capital Market Commission (HCMC) informs investors that “AURUM FOUNDATION LTD” … has not applied for and received a crypto-asset service provider’s authorisation from the Hellenic Capital Market Commission, in accordance with Article 62 of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, nor has it notified the HCMC that it may begin the cross-border provision of crypto-asset services in Greece in accordance with Article 65 of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023.

The Hellenic Capital Markets Commission draws investors’ attention to the need to assess the companies (with which they are doing or intend to do business) regarding their authorisation and supervision status.

Which is to say, Aurum Foundation is operating illegally in Greece.

Outside of Greece, Aurum Foundation fraud warnings have been issued by Russia, Nigeria and New Zealand (caution).

Aurum Foundation is a Dubai MLM crypto Ponzi that launched mid 2024. MLM Ponzi schemes are almost always also pyramid schemes.

Originally a Boris CEO Ponzi, typical of eastern European scammers, today Aurum Foundation is publicly fronted by CEO Bryan Benson.

Tying in with CBR’s warning and Boris CEO Ponzi schemes typically being run by Russians, when BehindMLM reviewed Aurum Foundation we found Russian in its website source-code:

Bryan Benson is based out of Dubai. It is likely the Russian scammers actually running Aurum Foundation are also hiding out in Dubai.

As of April 2025, SimilarWeb was tracking ~343,000 monthly visits to Aurum Foundation’s .FOUNDATION website domain. Aurum Foundation’s .IO website is comparatively dead, with traffic too low to measure.

Top sources of traffic to Aurum Foundation’s .FOUNDATION website over the same period were Greece (24%), the US (23%), Belgium (11%), South Africa (7%) and Turkey (6%).

Greece currently being the top source of Aurum Foundation traffic makes HCMC’s fraud warning all the more significant.