Torexo Finance pyramid scheme warning from Russia
Sep.01, 2021 in
companies, regulation
Torexo Finance has received a pyramid scheme warning from the Central Bank of Russia.
As per the Central Bank’s August 31st warning, Torexo Finance exhibits “signs of a pyramid scheme”.
BehindMLM reviewed Torexo Finance in May 2021.
Analysis of Torexo Finance revealed a typical Boris CEO Ponzi scheme run by scammers fluent in Russian. This points to Russia or the Ukraine.
At the time of our review, Russia accounted for 45% of Torexo Finance’s website traffic. Vietnam and the Ukraine came in second and third at 15% and 11% respectively.
With those early investors standing by to steal money, Torexo Finance recruitment has shifted to Madagascar (33%) and Egypt (18%). Vietnam has slipped to third place at 8%.
Looks like they have collapsed. They are blaming hackers and supposedly will refund investors a portion of their investments, as long as their accounts can be verified . Which will mean no one is getting anything back.