Nextgen crypto assets seized in Australia for money laundering
Nextgen crypto assets have been seized in Australia under suspicion of money laundering.
In a May 26th notice addressed to NextGen, the Australian Transaction Reports and Analysis Center (AUSTRAC) states they
have reasonable grounds to suspect that Nextgen has contravened and is contravening … the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 … and the Anti-Money Laundering and Counter-Terrorism Financing Rules 2007.
AUSTRAC’s investigation into NextGen pertains to the suspected laundering of investor funds to cryptocurrency wallets in Australia.
It is suspected that very significant transactions of crypto currency transferred to Australia for purposes of Financial Trading have been received from countries that are sanctioned.
Such transactions of the crypto assets have been seized awaiting investigation.
It is unclear how much AUSTRAC has seized and what the wider affect on NextGen’s business operations will be. As BehindMLM understands it, NextGen has yet to disclose the AUSTRAC seizure to its investors.
AUSTRAC has ordered NextGen’s CFO to appear at an interview scheduled for June 15th. Confirmation of attendance is required by June 10th.
The matters to be covered by the interview are:
(a) Full disclosure of company activities and global areas of operation
(b) Location of global areas of crypto transactions in connection with the companies activities (especially pertaining to Iran, Iraq, Syria, Nigeria and Congo)
(c) The purposes of the Financial trading activities and destination of any withdrawals from the proposed broker account(s) of either profits or capital.
Evidence provided by NextGen’s CFO will be “compiled with evidence already gained”, to determine whether AUSTRAC’s seizure stands.
NextGen is the third reboot of a Ponzi scheme run by serial Ponzi promoters Rehan and Rizwan Gohar.
NextGen sees affiliates invest in AMGEN (another created shitcoin), on the promise of a passive 400%.
NextGen solicits investment in cryptocurrency, however returns are purportedly derived via forex trading.
Back in March 2023 NextGen held a marketing event in Cyprus. At the event, it was revealed Oscar Garcia was providing NextGen with payment processing services.
Garcia is currently under SEC investigation for securities fraud in relation to his collapsed Batched Ponzi scheme.
Whether AUSTRAC’s NextGen investigation and seizure is related to Garcia’s SEC investigation is unclear.
From “countries that are sanctioned” would suggest Russia…
And highly likely that this investigation is linked to the SEC investigation as it’s common knowledge that Australia and USA are working together closer than ever before especially on law enforcement…
They would come up with something else:
nextgenfintechusa.com
Mostly the above mentioned website is the new scam that they will do.
Is that actually part of NextGen or is it a recovery scam? The “create a shell company” links are suss.
I see NextGen Academy has abandoned its “nextgen.io” domain. “Mynextgen.io” is still up though, although socials haven’t been updated since April/May.
SimilarWeb is tracking slow website growth, mostly from Colombia (88%).
Not convinced NextGen Fintech USA has anything to do with NextGen or that the company has collapsed just yet.
Hi OZ,
Its a part of recovery scam they are gonna announce this very soon and also you can see the registered address mentioned on website it matches the nextgen address mentioned on mynextgen presentation.
The problem is recovery scammers can set up a website with the address. The address itself has nothing to do with the recovery scam.
Show me evidence NextGen Fintech USA is being run by the Gohar brothers. I’m not saying it isn’t but I couldn’t find any.