Eagle Bit Trade securities fraud cease and desist issued in Italy
Top Italian financial regulator CONSOB has issued a cease and desist against Eagle Bit Trade.
Eagle Bit Trade surfaced earlier this year and promotes an 8.5% weekly ROI through cryptocurrency trading.
Naturally the company provides no evidence of trading taking place, nor does Eagle Bit Trade have any other verifiable source of external ROI revenue.
BehindMLM reviewed Eagle Bit Trade in April and concluded it was yet another MLM cryptocurrency Ponzi scheme.
A visit to the Eagle Bit Trade reveals the company’s website is “disconnected”, suggesting the scheme has already collapsed.
Nonetheless, CONSOB, advise the offer of Eagle Bit Trading’s “trading packages” is illegal in Italy as of November 14th (resolution: 20695).
CONSOB’s cease and desist was issued through the National Commission for Companies and the Stock Exchange.
The cease and desist was accompanied by a warning, published to CONSOB’s website on November 19th.
Update 20th January 2024 – Eagle Bit Trade has rebooted.
Five years ago on June 28th 2018 I invested £2000 of my hard earned cash on a cryptocurrency scheme ran by eaglebitrade but I heard nothing from them after a few months.
I thought it was a legitimate investment company. It could have been worse 9because I was thinking of investing more but I thought I should try £2000 first to see how it goes.
It didn’t go well at all meaning of course I lost my money.
It seems they recently had a reboot: eaglebittrade.pro
Thanks for the update. Added to the review list for an update.