Intelligence Prime Capital has received a securities fraud warning from Spain’s COmision Nacional del Mercado de Valores.

As per the CNMV’s March 28th warning, Intelligence Prime Capital

is not authorised to provide the investment services set out in Article 140 of the Spanish Securities Markets Act.

This is the equivalent of a securities fraud warning in other jurisdictions.

Intelligence Prime Capital is a Ponzi scheme believed to be run out of Singapore.

Launched in mid 2021, since mid-February Intelligence Prime Capital has been juggling ongoing withdrawal issues.

Numerous exit-scam ruses have been trotted out over the past few weeks, the latest of which was “we got hacked!” on March 29th.

Intelligence Prime Capital withdrawals are currently disabled, pending transition from forex to cryptocurrency fraud.

Based on website traffic analysis, the majority of Intelligence Prime Capital investors are believed to be from Nigeria (21%), the US (13%) and India (11%).

Note that up until recently, Intelligence Prime Capital was primarily being promoted across the US.