Validus has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA).

In their September 15th warning, the FMA advises they

are aware that seminars have been held in New Zealand to promote the products and services of Validus.

We are concerned that Validus is operating in breach of the New Zealand financial markets legislation, in particular, Validus is providing financial services in New Zealand without registration as a financial service provider as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

This is the equivalent of a securities fraud warning in other jurisdictions.

In light of Validus committing securities fraud, the FMA further advises;

We strongly recommend that investors do not trade or invest with entities that are not registered and/or licensed in New Zealand.

Validus is a Dubai MLM crypto Ponzi run by former OneCoin scammers Parwiz Daud and Mansour Tawafi.

Howard Friend is Validus’ appointed puppet CEO:

Validus pitches a 300% ROI on invested funds, paid out over 60 weeks.

Despite clearly offering securities, Validus is not registered to offer securities in any jurisdiction.

As of August 2022, SimilarWeb tracks a decline in traffic to Validus’ website.

  • Colombia makes up 26% of Validus’ website traffic, down 60% month on month
  • France makes up 16% of traffic, down 48% month on month
  • the US makes up 14% of traffic, down 11% month on month
  • the UK makes up 9% of traffic, down 38% month on month

With recruitment of Validus victims in Colombia having run its course, unless new suckers are found soon Validus will enter collapse territory.

Dubai is the MLM crime capital of the world. The emirate is notorious for sheltering MLM Ponzi schemes and the scammers that run them.


Update 5th July 2023 – Validus has been permanently prohibited from operating in New Zealand.