Canada issues iGetMania investment warning
Just twenty-four hours after the publication of our comprehensive iGetMania review, Canadian regulators have now issued a warning against investing in the company.
Officially titled “Warning – Caution regarding GetEasy and iGetMania investment program”, the notice was published on the Autorité des marchés financiers (AMF) website on January 26th.
For those unfamiliar with the regulator, the AMF
is the body mandated by the government of Québec to regulate the province’s financial markets and provide assistance to consumers of financial products and services.
Targeting both GetEasy (Portugal) and iGetMania (England), the AMF writes:
The Autorité des marchés financiers (“AMF”) is cautioning investors in Québec about an investment program connected to the Portuguese firm GetEasy Limited and the British firm iGetMania Limited.
The AMF wishes to inform investors that GetEasy and iGetMania have not filed a prospectus and are not registered with the AMF in any capacity.
Investors should therefore be very cautious with investment offers from these firms since they might incur losses for which remedies are highly restricted or non-existent.
The AMF is closely monitoring this matter and will take any measures deemed necessary in the event of violations under the laws it administers.
What with iGetMania being little more than the latest attempted incarnation of the GetEasy Ponzi scheme, one would expect further regulatory action against the company should the scheme take off in Canada.
At the time of publication, Canada does not appear to be a major source of investor funds for iGetMania. As per Alexa’s estimated traffic statistics to the GetEasy and iGetMania website domains, Canada does make the top 5 traffic sources to either domain.
France is estimated to account for 19% of traffic to the iGetMania website domain and 10.2% to of traffic to the GetEasy website domain.
The AMF’s warning suggests iGetMania investors in France might now be actively targeting the French-speaking community in Canada.
Footnote: Hat tip to to BehindMLM reader “Niksam” for the heads up.
In the meantime, GetEasy “CEO” Tiago Fontoura is trying to erase every connection with that scam. He has deleted his Facebook profile already.
The have payed some members yesterday, why noone types that over here?
Because “they payed some members yesterday” is ridiculously vague.
Who did they pay? How did they pay?
Sounds like affiliate marketing BS to me, as is most of the chatter about GetEasy.
Pulling that even more for the real world wide panorama, Yahoo Finance featured the news today. Quite big. Thanks to people who is complaining.
Just a note on “Yahoo Finance”, it’s a press-release spam site.
It’s likely regulators or someone else just copy-pasted the initial announcement over.
Yeah I know but it’s different than announce on their site as press release, against appearing on a well known financial site
again the new era of lies – ustream.tv/recorded/58272439
Now they say it’s business and contracts with Guinea and prime minister lol Tiago is there (“#%!%!”#)
Herzog lies again on Igetmania trademark…. and says “Igetmania is our” and registed in UK [lol]
This is the worst movie ever.
I watched a tiny bit of those livestreams.
Herzog is in a basement with mustache man. Who do they think they are fooling?
The Channel RTBF issued a warning about the Geteasy and iGetmania fraud in Belgium.
(audio in french_)
BOOM Igetmania. Thieft steal the data base, Herzog cleans his hands (I wouldn´t expert less LOL ponzi Mother suckers.)
So the Ponzi scheme has finally collapsed then?
About time, there’s only so many hundreds of lies you can tell before your investing faithful revolt.
I wonder if Portugal has learnt its lesson… or are we going to see another TelexFree/BBOM/iGetMania Ponzi clone pop up in 3…2…1…?