MTS Foundation and ToFro have received a trading fraud warning from Belgium’s Financial Services and Markets Authority (FSMA).

On July 24th the FMSA included MTS Foundation and ToFro 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.

MTS Foundation was a “click a button” app Ponzi with a trading signals ruse. MTS Foundation’s trading signals ruse was set up through ToFro, a fake crypto exchange run by the same scammers.

Following MTS Foundation’s collapse last month, its website was disabled earlier this month. ToFro websites are still online but the Ponzi isn’t functional without MTS Foundation.

“Click a button” app Ponzis are run by Chinese organized crime groups operating out of Asia. BehindMLM has tracked hundreds of the app scams since they first emerged in 2021.