SageMaster investment scheme has received a fraud warning from Finland’s Financial Supervisory Authority.

SageMaster, as “SageMaster TechHost WorldWide Inc”, was added to the FSA’s unauthorized service provider warning list on November 26th, 2025.

The FIN-FSA has cause to suspect that company provides investment services with financial instruments both in Finland and on a cross-border basis without appropriate authorisation.

Offering investment services without registration is a violation of Finnish financial law (securities fraud).

SageMaster is a fraudulent investment scheme offered through Be Club, an MLM pyramid scheme.

Be Club and SageMaster are operated out of Dubai by co-founders Monir, Moynul (Moyn) and Ehsaan Islam.

Monir and Moynul are former OneCoin Ponzi promoters.

In addition to Luxembourg, Be Club fraud warnings have been issued by Quebec (2020), Colombia (2022), Norway (2023), Uruguay (2023), the Philippines (2023), New Zealand (2024), Ontario (2025), Luxembourg (2025) and Austria (2025).

In January 2025 Moynul Islam attempted to downplay Be regulatory fraud warnings. Moynul claimed it was “very common for most companies to get some level of warning and fines.”

As of October 2025, SimilarWeb was tracking ~8,900 monthly visits to Be Club’s website. Top sources of Be Club website traffic are Italy (88%) and Greece (8%).

SimilarWeb tracked ~53,200 monthly SageMaster website visits over the same period. Top sources of SageMaster website traffic are Italy (51%), Japan (24%) and Norway (5%).