EvoRich scam warning issued in New Zealand
EvoRich has received a securities fraud warning from New Zealand’s Financial Markets Authority.
According to the FMA, EvoRich is
offering financial services to New Zealand residents through social media and other New Zealand residents without being a registered financial service provider in New Zealand.
The regulator notes EvoRich’s ties to Skyway Capital;
NEEW-TNG Ltd (formerly RSW Investment Group Ltd), NEEW (formerly Skyway Investment Group/SWIG).
The entities were also formerly associated with the entities Skyway Capital, Skyway Group and RTN Limited.
As per the FMA’s findings:
We believe Evorich, NEEW and the websites have the hallmarks of a scam.
BehindMLM reviewed EvoRich last month. The FMA’s findings are in line of our own: that EvoRich is a Skyway Capital Ponzi spinoff run by former Skyway executive Andrey Khovratov.
In their published March 2nd warning, the FMA requests any New Zealand residents who have invested in EvoRich to contact them.
Unitex says its registered in Estonia Tallinn. Cant find any proof of registration, license, regulator, agreements and T&C keep changing and doesn’t look good.
The scam must go on even when you know IT is scam… recruit people recruit…… youtu.be/d31vhuL8_8U.
1. Estonia = scam-friendly jurisdiction with effectively no regulation of securities fraud.
2. Registering with a financial regulator in Estonia covers Estonia only. And only if audited financial reports are filed (they never are).
EvoRich and other scams that pretend registering in Estonia means anything are still committing securities fraud everywhere else in the world.
And I don’t know who that lady is but boy did she bomb on stage. Loving these COVID cringe events.
Financial and Capital Market Commission in Latvia points out that this service provider – Evorich (Evorich Latvija) and its representatives do not have the right to invite citizens to invest without proper authorization.
But I guess yall already know what they response is – …we’re not selling anything and not inviting to invest, we’re only advertising some other company’s product. 😉