Royal Q securities fraud warning from Spain
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.
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