LEO a Ponzi scheme in Pakistan, SEC shuts down shell company
A few weeks back I came across news that the Pakistan SEC had shut down ‘at least nine companies dealing in cryptocurrencies and offering Ponzi/MLM, referral marketing, pyramid business/schemes‘.
Although this was MLM related news, I didn’t recognize any of the company names and so left it at that.
A reader has now informed me that one of the companies the SEC shut down was Dan Andersson’s LEO.
The exact legal status of Dan Andersson isn’t clear, but last we heard he was being held in Pakistan.
This follows from his arrest mid last year, after which we haven’t heard anything further regarding criminal proceedings.
As per the Pakistani SEC press-release dated March 28th, 2019;
The Securities and Exchange Commission of Pakistan (SECP) has initiated legal proceedings to wind up at least nine companies dealing in cryptocurrencies and offering Ponzi/MLM, referral marketing, pyramid business/schemes.
The SECP has advised public not to be misled by any schemes/deals/plans being offered by these companies: Gold Transmit Network Technology (Pvt.) Limited, Green Apple Super Market (Pvt.) Limited, Galaxy Typing Jobs (SMC-Pvt.) Limited, 3-A Alliance (Private) Limited, Pak Memon Impex (Private) Limited, Memon Corporation (Pvt.) Limited, Humanitas Meritus (SMCPrivate) Limited, IDG Enterprises (Private) Limited and Ayat Enterprises (Smc-Private) Limited.
The SECP has already initiated legal proceedings against these companies for winding up in terms of section 301 read with section 304 of the Companies Act, 2017.
These companies were found involved in unlawful activities such as collecting unauthorized deposits from the public, leasing of cars, houses, electronic alliances and other goods and materials. without lawful authority.
Some of them are dealing in cryptocurrencies and offering Ponzi/Multi Level Marketing (MLM), referral marketing, pyramid schemes, employment schemes in Pakistan.
The company Humanitas Meritus (SMCPrivate) Limited is a shell company, via which Andersson ran LEO in Pakistan through.
Andersson uses a number of shell companies to run the LEO Ponzi scheme worldwide.
The closest to Humanitas Meritus (SMCPrivate) Limited is the Dubai corporation LEO Humanitas General Trading LLC. There’s also Humanitas Meritus Limited in the UK.
As of late 2017, Andersson was using both companies to launder invested funds through:
Despite Pakistani authorities cracking down on Andersson and his LEO Ponzi scheme, Alexa still estimates Pakistan makes up 42% of traffic to LEO’s website.
South Africa has emerged as a new source of investment, currently providing an estimated 36% of traffic.
In the wake of the Pakistani SEC crackdown, LEO has removed any reference to Humanitas Meritus (SMCPrivate) Limited on its website.
Contact details for a LEO “sales agency” in Pakistan are still provided, although what business operations remain functional are unclear.
Could this be the true reason why Dan Anderson was arrested in Pakistan?
Andersson was obviously arrested in conjunction with LEO Ponzi scamming.
The SEC shutting Humanitas Meritus (SMCPrivate) Limited down is connected.
Please advise of an email address and current location for the directors of HUMANITAS MERITUS LIMITED, Dan Gunnar Bjarne Andersson and Bernard Paul Landi in connection with the Liquidation of Humanitas Meritus Limited.
Any information relating to the company or the directors would be much appreciated.
Regards
No idea about Landi but Andersson was locked up in Pakistan.
If he’s out he’s laying low. Being a shell company, any email addresses for Humanitas have likely been long since abandoned.
Bernard Landi is co-conspirator of Dan Andersson. Dan and Bernard ran LEO into the ground and eventually bankrupted it. Andersson Ltd is also bankrupt and in liquidation.
Any claims against LEO or Andersson should go the administrator and liquidators below.
Learning Enterprises Organisation Ltd (in Administration)
Contact details of administrator
1: Mr. Nicholas Cusack
Email: (removed)
2: Mr Jack Walker
Email: (removed)
Company name: Parker Andrews Limited
Address: 5th Floor, The Union Building, 51-59 Rose Lane, Norwich, NR1 1BY, United Kingdom
Telephone No: (removed)
Andersson Limited (in Liquidation)
Contact details of liquidator
1: Mr. Elias Paourou
Email: (removed)
2: Ms Maxine Reid-Roberts
Email: (removed)
Company name: Quantuma LLP
Address: 3rd Floor, 37 Fredrick Place, Brighton, Sussex, BN1 4EA, United Kingdom
Telephone No: (removed)
You don’t honestly believe that, do you?
LEO was a Ponzi points scheme. Andersson and friends made their money and then “bankruptcy” exit-scammed.
@Gail Butler
HUMANITAS MERITUS LIMITED Is also closed down it was owned by Learning Enterprises Organisation Ltd (LEO) so all claims should go to the administrator appointed by the court.
I hope the administrator will make these crooks pay. Dan Anderson and Bernard Landi have to pay us back all our investments.
Go strong is new scam company. It will launch on 15 june 2022.
It is big scam so be aware from this scam. It is running by Umair from rykhan so aleart.