Metaverse Foreign Exchange fraud warning from ON, CA
Metaverse Foreign Exchange Group has received a securities fraud warning from Ontario.
As per the Ontario Securities Commission’s June 30th warning;
Metaverse Foreign Exchange Group Inc. … is not registered in Ontario to engage in the business of trading in securities.
This is the equivalent of a securities fraud warning in other jurisdictions.
Metaverse Foreign Exchange (MTFE) is a Dubai Ponzi that pretends to be based out of Canada.
MTFE solicits investment in tether on the promise of a 3% to 8% daily passive return.
MTFE is headed up by Bangladesh national Masud Al Islam.
This lends itself to MTFE primarily targeting Bangladesh and neighboring countries.
As of June 2023, SimilarWeb tracked top sources of traffic to MTFE’s website as Sri Lanka (23%), Bangladesh (21%), India (17%), Nigeria (7%) and the UAE (5%).
MTFE is not registered to offer securities in any jurisdiction. The company commits securities fraud and operates illegally in every country it solicits investment in.
Update 16th August 2023 – MTFE has collapsed.
Should i continue trading with meta foreign exchange?
If you enjoy losing money to Ponzi scammers sure. Go for it.
Small technical note — Ontario is usually shortened to “ON” (or “Ont.”, in news articles), rather than “OT”. Keep fighting the good fight!
Thanks for catching that. I had to Google the various provinces for abbreviations as Canada has been pretty active this year.
This one seems to have slipped through the cracks.
Thanks for the clarification OSC keep it up in a devine contex to save the poor economy from fraud and ponze schemes.
am grateful for that support team OSC CHEERS ♥️♥️♥️
We innocently believed that they are conducting charity activities, so we can also start charity activities, but now we all are in great depression, totally disgusted, now not knowing what to do?