Avlitex has received a securities fraud warning from the Ontario Securities Commission (OSC).

As per OSC’s May 23rd Avlitex warning;

Avlitex … is not registered in Ontario to engage in the business of trading in securities.

The OSC cites two Avlitex website domains; “avlitex.global” and “avlitex.com”. Both domains have since been disabled, with Avlitex now operating from “avlitex-global.com” (privately registered on February 21st, 2025).

Avlitex is a Boris CEO MLM crypto Ponzi fronted by “Raymond Norbury”.

Norbury doesn’t exist and is played by an actor with an eastern-European accent. This ties into Avlitex being your standard Russian/Ukrainian Ponzi scheme fronted by actors.

Avlitex originally adopted a crypto mining Ponzi ruse. It has since shifted to a shitcoin exit-scam model.

In this official video message, Avlitex CEO Raymond Norbury shares the company’s foundational vision, strategic milestones, and the evolution that led to the launch of the AVL Token.

He provides key updates on the ongoing pre-sale phases, outlines the structure and progress of each round, and highlights the upcoming public launch of the token on major global exchanges.

The above cited video was uploaded to Avlitex’s official YouTube channel on June 10th.

It’s assumed at some point Avlitex investor balances will be converted to AVL token, after which Avlitex and the scammers behind it will disappear.

As of May 2025, SimilarWeb tracked just 625 monthly Avlitex website visits. 89% of what’s left of Avlitex website traffic originates from Vietnam, with France making up the remaining 11%.

Ontario issuing an Avlitex fraud warning is likely due to the Ponzi spreading locally through French language investors.