Royal Q has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

As per the CNMV’s May 9th warning, Royal Q

is not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act, which include investment advice.

This is the equivalent of a securities fraud warning in other jurisdictions.

Spain’s Royal Q securities fraud warning follows a similar fraud notice from the Philippines last October.

Royal Q is an MLM crypto Ponzi scheme built around an app. The scam is believed to be operated from Asia.

Royal Q has gone into steep decline over the following two months:

SimilarWeb ranks top sources of traffic to Royal Q’s website as Italy (13%), India (10%), Brazil (6%), Malaysia (6%) and Colombia (5%).

Royal Q is not registered to offer securities in any of these countries. The Ponzi scheme operates illegally worldwide.