Tag Markets has received a securities fraud warning from the Central Bank of Russia (CBR).

As per CBR’s January 29th warning, Tag Markets exhibits “signs of an illegal professional participant in the securities market”.

Tag Markets is an MLM crypto Ponzi factory with ties to Dubai and Colombia.

Jared Esguerra is cited as Tag Markets’ owner in marketing material:

Kevin Marin is also cited as Tag Markets’ CEO and co-founder:

Scams within Tag Markets’ fraud factory BehindMLM has reviewed include Zeus Funding and Exfusion. BehindMLM also noted Crowd1 Ponzi victims were being funelled into Tag Markets in October 2025.

CBR cites Exfusion’s web properties in its Tag Markets securities fraud warning.

Additional names attached to Exfusion include serial fraudsters Asker Sakinmaz and Michael Baur.

As of December 2025, SimilarWeb was tracking ~149,000 monthly visits to Tag Markets’ website. Top sources of Tag Markets website traffic are Germany (74%), the US (7%) and Switzerland (4%).