Mavie Global’s FinUp spinoff has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per the CNMV’s January 13th FinUp warning;

The [CNMV] warns that FinUp is not authorised to provide the investment services and activities subject to the activity restriction
in accordance with the provisions of Article 129 of the Spanish Securities Markets and Investment Services Act, in relation to the financial instruments detailed in Article 2 of said Act, including, for those purposes, foreign currency transactions.

FinUp is the fourth spinoff of the Mavie Global Ponzi scheme (originally launched as Ultron in 2022).

Travelution, a discount travel MLM opp and sixth Mavie Global spinoff, was announced in December 2024.

The original Mavie Global Ponzi collapsed in June 2024 but its spinoffs linger in a zombie-like state.

FinUp’s Ponzi ruse is AI crypto trading. In addition to failing to register with financial regulators, FinUp fails to provide verifiable evidence it generates ROI revenue through trading.

As of December 2024, SimilarWeb was tracking ~10,600 monthly visits to FinUp’s website.

50% of FinUp’s website traffic originates from Ukraine, followed by 36% from France and 4% from the US.

Mavie Global, FinUp and the other spinoffs were/are run by Michael Prazenica (aka Michal Prazenica).

Originally from Europe, Prazenica now spends his days hiding out in Dubai.