Finalmente Global Ponzi scheme collapses
As per a message uploaded to the scam’s website, Finalmente Global has collapsed.
Following Mirror Trading International, Finalmente Global’s demise marks the second major South African MLM Ponzi collapse within a month.
As per the website message, signed off on by “Management Finalmente Global (Ptd) Ltd”;
It is with heavy heart that we have to inform you that due to the demise of MTI, we too, have lost a substantial amount of money, not only due to the investment we have/had with them but also the revenue stream of advertising.
As most of you know our business was advertising based, MTI being one of our largest clients in that aspect of our business. Due to the false impression of our association with MTI a large portion of our other clients have also cancelled our mandate.
Due to this we have lost a substantial portion of our income, as a result we are no longer lucrative enough to continue trading and we have had to retrench our staff and suspend all further trade.
This website will be suspended for an indefinite period. We will keep you advised of any further developments.
Beyond being operated from within South Africa, whether Finalmente Global had any actual ties to Mirror Trading International is unclear.
For starters, the website message claims Finalmente Global had invested in MTI. It then goes on to claim any association the company had with MTI was a “false impression”.
What is clear is Finalmente Global have pulled a classic Ponzi exit-scam, absconding with what’s left of investor funds.
Finalmente Global was launched in mid 2020 and run by Kobus van der Merwe (below).
BehindMLM reviewed Finalmente Global in June 2020 and identified it as a Ponzi scheme. Be sure to read the comments on our review for the usual scam denials.
Whether South African authorities take any action against Kobus van der Merwe and his co-conspirators remains to be seen. We’ll keep you posted on any updates.
As PassingBy said 7 months ago, “Finalmente” might be a catchy name for a trendy mortuary…
…but for a financial company, not so much. (PassingBy didn’t come up with the slogan, but I stole it from somewhere else, so I can’t take credit either.)
Whatever. Finalmente is finished. Put the tag on the toe, close the drawer.
And everyone who hasn’t should read the June 2020 review and especially the comments. You’ll see the Ponzi scammers make the same weak-sauce arguments over and over:
1. Bitcoin something something not regulated.
2. They don’t call it an investment, so it’s not an investment.
3. Ponzi scheme? Just your OPINION. You cannot judge from the outside.
4. I have met the owners and I find them trustworthy. (Yeah, that’s what they do. It’s how they get the name con artist.)
5. I saw a YouTube video and am convinced it’s legit.
6. I’ve been looking at numbers on a screen that say I’m making money every week so I know it’s real.
7. Just because some MLM financial companies are scams doesn’t mean they all are. You have to give them the benefit of the doubt. (No, you don’t. Ever.)
8. This review was written by a [moron/competitor/plagiarist] who doesn’t know the FACTS. (But no facts are provided, just ad hominem attacks.)
As Oz has said, Ponzi investors aren’t the sharpest knives in the block. Otherwise they’d cop to the fact that the story never changes, and the ending is always bad.
I was sceptic, but my whole family was making money. I invested yesterday lol a few hours later…. They proved me right in being a scam.
I knew it was a scam, all the signs were there, but I wanted to believe in this because my parents put their whole retirement fund into this.
I don’t know what to do to help them.
I do have one question, since a lot of people lost so many money that I know as well as myself. Due to the fact that so very limited information was provided.
In fact no one that I know ever knew they had any offices at all, we we’re told its all on a international platform doing the transactions but the owner resides in SA.
I hope someone can get in contact with (removed) soon. To at least help all the people who lost everything, even used their savings for just to get somewhere in live now a days. By getting all the money that they deposited at least back.
i lost about 300000 rands. people meet the guy we meet guy from MTI IN RANDBURG.
END OF DAY AL ARE SCAMMERS TAKING BILLIONS RANDES FROM PEOPLE OUTHORITYS MUST TAKE OVER IF THEY CANT DO JOB I WILL REPORT TO FBI.
You don’t seem to understand how a Ponzi scheme works.
Invested funds aren’t just sitting in a pot waiting to be collected, they’ve already been stolen by whoever recruited you, whoever recruited them etc. Right up to Kobus van der Merwe and his accomplices.
I hate these guys how can Kobus the ceo just get away with this cant we get a lawyer or something just to get him to go to jail.
Kobus i hope you know that you will go to hell one day.
So happy i didn´t invest. I was at the point That i wanted to put a lot of money in it. Thank God i didn´t.
I can’t believe these guys can sleep sound at night.
mail after mail they promised they weren’t affiliated with MTI and look, my husband and 6 of his friends lost about R600000.
You can be certain that the so called partners’bank accounts are overflowing with everyone who invested in them’s money.
I am so upset with them because we do our homework very well before investing, this time apparently evil trumps truth.
I pray that evryone who has lost something gets an ampunt back even if it just a little. As a wife, I feel broken for my husband.
Finalmente Global was an obvious Ponzi scheme.
Don’t pretend you and your husband did ant credible research into it and found no red flags.
You were chasing dollar signs, same as every other schmuck who invested.
Well after watching a video I decided to invest R5200. A little flutter as I could not see how such an investment could return to the tune of 300%.
These con artists however have taken some people I know retrenchment packages promising them returns that will see them survive. They have lost everything.
Despicable characters and need to be investigated. They have looted and hopefully there is some justice in this world that sees them brought to book.
Can anyone provide contact info for KOBUS VAN DER MERWE and advise how we can take legal action against him or Finalmente Global to be reimbursed with at least our original capital investment.
What can a lawyer do ?
The only recourse you have is if the authorities become involved and he / they are charged
For all of you who invested in this Ponzi, you need to file a complaint with the FSCA immediately, and you can do it here:
Be sure to tell all your friends and family members who you got into this Ponzi to do the same.
The FSCA needs to hear from as many people as possible for them to conduct an investigation.
A lawyer can.
That’s now how Ponzi schemes work. Your money is long gone.
Anything that uses network marketing and pays comms on new recruits is dodgy.
Anyone remember Amway / network 21? Same BS… how many friends did you loose when you tried to punt them everyday product that cost so much more?
Oh, no but they are better than the everyday products you buy everywhere else oh and we will sell you everything you need. What a crock o $h!/!!
Dear shills, please stop trying to post links to this lawyer and that lawyer.
You need to file complaints with authorities if you want anything to happen.
A civil lawsuit is pointless at best. At worst you’ll be recovery scammed. I’ll be continuing to nuke comments trying to promote attorneys.
They still have our bitcoin tho, that doesn’t go away, they should be made accountable and to pay all investor’s what they put in at least.
Your bitcoin isn’t sitting in some Filamente Global account waiting for you to recover it.
The second you invested it was stolen by whoever recruited you, Kobus van der Merwe, his co-conspirators and Finalmente Global’s top recruiters and early investors.
Your money is gone. Sorry for your loss.
So finalmente was a bit more complex than we’d initially known.
Based on research, the team first ran what looks to be an ICO for something called Cryptodash, which they punted their next ICO Globecoin aka FCoin (Finalmentecoin?) in the Telegram channel.
From the FCoin telegram they later punted Finalmentemain, a satoshi-for-ad-clicks and package-buyin scheme, then later onto Finalmente Global, the Ad-selling Education-package-selling referral business we know and loathed.
I have been investigating Kobus van der Merwe. Have found what I am looking for to open a criminal case of fraud.
I wish everyone at finalmente are caught and thrown in jail, but I really have no sympathy for those who signed up for a quick buck and knowingly took part in this fraud.
If you did 10 minutes of research then you ought to have known from the beginning what you were getting involved in.
You got what you deserved imo.
Complete forms on fgliquidation.co.za/