Avlitex has received a trading fraud warning from Belgium’s Financial Services and Markets Authority (FSMA).

On July 24th the FMSA included Avlitex in a list of “fraudulent trading platforms”.

These platforms lure investors online with promises of quick and easy earnings.

Their offers look attractive, but often they are nothing more than sophisticated scams that can lead to significant losses.

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

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

Avlitex defrauded consumers through a crypto mining ruse and shitcoin exit-scam model.

Towards the end of June or early July, Avlitex collapsed.

In addition to Belgium, the Ontario Securities Commission issued an Avlitex fraud warning on May 23rd.