Kairos Technologies under investigation in Estonia
Hot on the heels of a Turkish regulatory investigation and warning issued by Lithuania, now news that Kairos Technologies is under investigation in Estonia.
On August 4th Estonia’s Consumer Protection Board announced they are investigating Kairos Technology to determine ‘whether there is illegal activity or not‘.
Research has prompted doubts as to whether it is sufficiently reliable business as the company is registered in Great Britain, and which country’s legislation applies to the company’s activities,” said Turetski ERR news portal.
As is typical of MLM underbelly schemes, Kairos Technologies has a shell registration in the UK but refers to New Zealand law in its Terms and Conditions. Other than existing on paper, Kairos Technologies has no actual physical presence in either country.
Kairos Technologies CEO Janni Cavassini is based out of Dubai, which appears to be where Kairos Technology is operated from.
Pyramid schemes in Estonia are banned as per the Consumer Protection Act. BehindMLM reviewed Kairos Technologies in September 2015 and concluded it was a Ponzi scheme.
The Consumer Protection Board are also currently investigating Global InterGold, another Ponzi scheme believed to be operated out of Russia.
Bad news.
Janni Cavassini wasn’t even CEO of Kairos Planet. He was CEO of kairostech.com. Get your info right, then spread the rumours…
@Kairos
It’s all the same scam. Multiple photos on the Kairos Planet with the website against a Kairos Technologies backdrop.
To what extent Kairos Technologies over at kairostech.com is involved, who knows. Kairos Planet however goes by both names (with a different logo for Kairos Technologies).
Evidence #1: ua.linkedin.com/in/janny-cavassini-546220b7?trk=pub-pbmap
Evidence #2: behindmlm.com/wp-content/uploads/2015/09/janni-cavassini-ceo-kairos-technologies.jpg
Evidence?
Because at the Texas Company register I did not find Janny Cavassini: mycpa.cpa.state.tx.us/coa/coaSearch.do
I did not find any reference to New Zealand law in Kairos T&C or Privacy Policy etc. Oz, is not it a kind of misunderstanding?
Kairos Technologies, Inc. (kairostech.com) existed quite a long time before Kairos Technologies LTD (aka Kairos Planet on kairosplanet.com domain) was established.
And voilá, Kairos Technologies, Inc. (kairostech.com) put hands off of any connection with Kairos Planet – see bold message on the homepage or a contact section of their website.
Could be, that was from the news article.
Kairos Technologies (Kairos Planet) uses a different logo to Kairos Tech (who also go by Kairos Technologies).
Whether they intentionally used the same name, no idea but they are two different companies.