Trillant under fraud investigation in Germany
Trillant is under investigation for fraud in Germany.
BaFin disclosed it was investigating Trillant and EUPAC Digital Services Ltd. on November 22nd, 2022.
At the root of BaFin’s investigation is Trillant committing securities fraud.
The Federal Financial Supervisory Authority ( BaFin ) clarifies in accordance with section 37 (4) of the German Banking Act ( KWG ) that the operator of the trillant.com website, EUPAC Digital Services Ltd. from Majuro, Marshall Islands, does not have a license under the KWG to conduct banking business or provide financial services.
The content of the trillant.com website and other information available to BaFin justify the assumption that unauthorized financial services are being offered in Germany via the website.
The site advertises so-called tokens called Trillant and Trillon. However, a professional description of these tokens and how they work cannot be found.
Rather, so-called “Paraiba tokens” are said to have been exchanged for Trillant.
Trillant is a reboot of the collapsed Paraiba World Ponzi scheme. BaFin issued a Paraiba World securities fraud warning in June 2020.
Both Paraiba World and Trillant were/are run by German national Erich Ely.
Trillant operates through a “staking” Ponzi model, built around its ERC-20 Trillon token.
- invest TRIL for 4 weeks and receive a 1.5% ROI
- invest TRIL for 9 weeks and receive a 3.5% ROI
- invest TRIL for 26 weeks and receive an 11% ROI
- invest TRIL for 52 weeks and receive a 50% ROI
Returns are paid in “Trillon Value Tokens”, which appears to be another shitcoin layer within Trillant.
As of May 2023, SimilarWeb tracked top sources of traffic to Trillant’s website as Germany (21%, down 25% month on month), the US (19%), Switzerland (16%), Guadeloupe (13%) and Poland (9%).
In addition to Germany, since Paraiba World launched in late 2019 fraud warnings have been issued by Austria and Switzerland.
Update 28th December 2023 – Trillant has collapsed.
Please keep me informed about Trillant, Trillon and Trillando.
To add legitimacy they seem to add random companies from random countries to the list of businesses alledgly accepting they tokens. Pathetic really.
The exit scam is nearly complete but Erich Ely is trying to pull off one last shaving of his investors:
– He announced yesterday on a global webinar that in order to withdraw their earnings (which have now been frozen for 12 months!) investors will need to buy a “new package” using Bitcoin, which could be thousands of dollars depending on how much is owed by the company.
For which they will receive 20% of their back office screen dollars, in instalments, over 12 months!!
Tell me if this isn’t the most audacious, shitty move ever pulled by an admin…?
– But wait, there’s more. TRI shitcoin just got “revalued” internally to 20% of nominal value, so when the current 12-month “investments” expire shortly, 80% of their value (and liability) will be wiped out at a stroke.
– No-one is getting a refund, including those who opted out of the move from Paraiba to Trillant, and requested one before the project started.
– Police and Interpol are the only option now.
I invested $10,000 in Paraiba. After switching to the system, I transferred the funds to TRILLANT.
I did not receive any profit from this investment, my funds are not solvent. And I have lost hope of getting them back.
Yo -26:000 $
BTC to Paraiba – Paraiba to TRILLANT – worth millions. Our team amounted to above 20 million! Bye – Bye!
So sad too many scammers in defi- regroup and return to stocks and real estate.