Questra World suspected of committing crime in Poland
Although appearing to be based out of Spain, Questra World has ties to Russia and Africa through Atlantic Global Asset Management.
Questra World claim to be an “advertising broker” with “exclusive rights” to promote Atlantic Global Asset Management.
In addition to Questra World’s own Ponzi scheme, Atlantic Global offer weekly ROIs of 6.47% on deposits of up to €500,000 EUR.
The activities of both companies has caught the attention of the Polish Financial Supervision Authority (KNF), who have added both Questra World and Atlantic Global to their public warning list.
As per the KNF’s warning list, Questra Holding Inc., based in the British Virgin Islands and Questra Global World SL, based in Spain, are under suspicion for violating Polish Banking Law and the Act on Investment Funds.
According to the KNF, the Banking Law pertains to
banking activities, in particular accepting cash deposits in order to charge their risk, without the permission of the Financial Supervision Authority.
The Investment Fund pertains to
activities concerning depositing funds into securities, financial market instruments and other property rights without the licence of the KNF.
Violations of both laws are criminal offenses, with the Warsaw Public Prosecutor’s Office leading the investigation.
Belgium’s Financial Services and Markets Authority issued a warning against Questra World back in September, 2016. Another warning was issued by Austria’s Financial Market Authority in November.