Kripto Future securities fraud warning issued by Spain
Kripto Future has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.
The CNMV is Spain’s top financial regulator (SEC equivalent).
As per the CNMV’s June 28th warning, Kripto Future
is not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act, which include investment advice.
This is the equivalent of a securities fraud warning in other jurisdictions.
Kripto Future is a Ponzi scheme that pretends to be based out of the UK.
Kripto Future is run by someone going by “Jeffer Ribera”.
The only thing we know about Ribera is he speaks Spanish.
As opposed to the UK, Ribera and Kripto Future are in fact based out of Dubai.
Since the COVID-19 pandemic took hold last year, Dubai has emerged as the MLM scam capital of the world.
Like the UK, regulation of MLM related fraud in Dubai is non-existent. Dubai also lacks extradition treaties with countries that do regulate securities fraud.