Mind Capital & EXW illegal in Italy, websites blocked
Jul.26, 2020 in
companies, regulation
Mind Capital and Exchange Wallet, both MLM Ponzi schemes, have been declared illegal in Italy.
CONSOB, Italy’s top financial regulator, has ordered both company’s websites blocked.
CONSOB identifies both Mind Capital (dba Mindcapital Ou) and Exchange Wallet (dba VivaExchange Ou) as “abusive financial intermediaries”.
In a localized equivalent of securities fraud, CONSOB warns both Ponzi schemes are “illegally offer(ing) financial services/financial products” in Italy.
Neither Mind Capital or Exchange Wallet are registered to offer securities in any country. Both companies operate illegally the world over.
Mind.Capital is fully registered in Estonia, a country known as “The most digital country in the world” and acts within the regulatory framework of Estonia:
“Mindcapital OÜ” Registration Code: 14933474
As of today, it is not Mind.Capital interest to operate as a registered agent in Italy or in the State of Texas.
Check your info before you write: :Both companies operate illegally the world over”, this is simple a lie!
No it isn’t. Basic incorporation has nothing to do with securities. Securities in Estonia are regulated by the FSA, Mind Capital is not registered with the FSA.
And even if they were, that only covers Estonia. Mind Capital would still be committing securities fraud everywhere else in the world.
This has nothing to do with Mind Capital being a “registered agent”, that’s a term you made up.
Mind.Capital does NOT commit any securities fraud and it operates in a full agreement with Estonian Financial Supervision and Resolution Authority.
What typo? That Mind Capital is not committing security fraud!?
I also noticed that Mind Capital highlights a Simon Stepsys testimonial on their main website, that is very telling in itself.
Mind Capital states: 100% Passive LIFE-CHANGING INCOME!
Please explain Marzena?
Merry Makowski or is it Marzena Mokroer-Makowska ???
Now why would a legit company (fully registered in that bastion of virtue Estonia) not want to operate in Texas?
Texas has @the 10th largest economy in the world !
If NOT is capitalized…it MUST be true. (What is it with cheezy scammers using CAPS)
Hard to keep track of all the Ponzi Hags but hasn’t this crackpot Merry Makowski/Marzena Mokroer-Makowska been on Behindmlm before pimping other schemes?
This is the same woman that said ADFEEDZ would never stall and was totally LEGAL!!
You can’t trust scammers.
So the usual “we can’t prove to authorities we’re not a Ponzi scheme so we’re running away” tactic.
And so the ship begins to sink, because career criminals know how this plays out.
Oh and Mind Capital isn’t registered with Estonia’s FSA either. If they were, providing audited financial reports to the TSSB would be trivial.
From the looks of the pdf file that I looked at that talks about the comp plan.
Spend/invest $100 and wait for your daily returns.
Now it has become clear why Merry Makowski loves this scheme.
I wonder which scheme she will comment on next to defend.
If you need to know, AdFeedz owner, Ori Ginex, got very sick. I am not sure what has happened to him, not even if he is still alive…
Until he was managing AdFeedz, the platform was one of the top advertising places on the Net, and it was paying to the very end, to the day of the site going offline.
PS
As to my name, at least now you know why I used the MMM initials, surely not because I was in any way connected with the MMMGlobal scam ha ha.
And as to Mind.Capital, YES, it is fully registered in Estonia, and if you look at the platform stats and Audience Geography, you will notice that the world does not end in USA and Texas 😉 And the ship is not beginning to sink, just watch it!
Ponzi owners getting “sick” and doing a runner, lulz. What is this, the 2000s?
Mind Capital isn’t registered to offer securities in Estonia (FSA). They aren’t registered to offer securities anywhere in the world.
Mind Capital is just as illegal everywhere else as it is in the US and Italy.
Getting sick has zero to do with the Liabilities the site owed members.
You can’t create cash from “thin air” and expect it to go on forever.
The ADFEEDZ was doomed to fail the day it began.
The type of advertising offered wasn’t a valued resource. IF all the site sold was REAL ADVERTISING it wouldn’t matter who “GOT VERY SICK” as the site doesn’t know or care who is sick or not.
The problem we have here are many many more withdrawals than there is cash coming into ADFEEDZ.
This is the downfall of many PONZI schemes when they run low on cash. Suddenly the owner comes up with some excuse to run with what cash is left.
Top advertising places don’t fade away they continue to grow as a valued resource.
In this case the only resource was the cash to be gained from “contracts” that matured and withdrawing as much as possible.
As observed from the withdrawal history getting smaller and smaller as days moved forward.
Which means death to the business.
We have seen plenty of your previous Schemes sink before and this one will be no different.
Maybe you can go away quietly so we don’t have to remember you were here to say it at all.
Nah, Marzena may change her name from time to time but she’s a recurrent guest here. She was Merry Makowski when she was pimping previous schemes including AdFeedz:
https://behindmlm.com/mlm-reviews/adfeedz-review-adcredit-ponzi-pretends-to-offer-cashback/
She knows the ponzi/pyramid game just as well as most of us here but she of course plays the other side of the table.
Unless I miss my guess she’s just here to flash her affiliate link in hopes of scoring a few victims from this page.
I apologise for not reading the thread before making my above post.
Please take a look at this PDF document and update your info and… your review:
mindcapitaldistributor.info/MC_Novedades_Kasajistan_EN.pdf
(BTW, there is not any affiliate link 😉
I see a few shell company registrations in dodgy jurisdictions and something about a Nemesis token *groan*.
Fair enough though, I’ll update our Mind Capital review to note the shell companies in dodgy jurisdictions.
There’s nothing specific provided about Nemesis token so not sure what I’m supposed to update there.
edit: Oh I see there’s Mcoin too, another shit token.
Time for a new article then I guess. Thanks for the heads up!
Thanks for your reply Oz.
Much more info about Nemesis and everything else can be found in mind.capital blog.
As to MCcoin, it is like a casino token, one’s only using it while inside, and its value always equals 1 USD, so it is not any another shit token just an exclusively internal use token which allows more consolidation of Mind.capital project.
In addition, you can view some more Mind.Capital figures and news in businessforhome (Ozedit: spam removed)
Hi Merry,
I’ve already published an article today covering the update.
MCcoin exists solely because Mind Capital has likely suffered operational difficulties due to multiple securities fraud warnings.
Easier to track monopoly money with a monopoly token then it is through bitcoin.
Kazakhstan is a red herring.
Please don’t link to sponsored marketing content on BusinessForHome and try to pass it off as “news”. Thanks.
I am sorry but I haven’t tried to do that, that was not any affiliate link, just businessforhome (Ozedit: spam removed)
Yes I’m aware there was no affiliate link. Given BFH has given Mind Capital, an MLM company demonstrably committing securities fraud, a five star rating, and instead of reporting on that Ted has published spam fluff like an interview with the puppet CEO, I’m inclined to believe that’s sponsored content.
This isn’t the place to push spam. Thanks.
Well, you have a very strong opinions, and this is OK, but to call Gonzalo Garcia-Pelayo a puppet CEO, it is way too much in my opinion.
Farewell.
You’re welcome to your opinions.
Fact of the matter though is Mind Capital commits securities fraud because it’s a Ponzi scheme.