Wiseling securities fraud notice issued in Bahamas
Wiseling has received a securities fraud notice from the Securities Commission of the Bahamas.
As per the SCB’s 19th March notice;
It has come to the attention of the Commission that an entity referred to as WISELING may be conducting activities that are either registrable/licensable or illegal under one or more of the Acts.
The Commission hereby advises the public that WISELING and its agents/representatives are not registrants of the Commission and has not made application for registration with the Commission.
Therefore, any conduct of registrable activity by this entity, its agents/representatives, in or from this jurisdiction, is a violation of one or more of the Acts. If this entity, its agents/representatives alleges to be compliant with the Commission they are committing an offence and are liable for criminal prosecution and/or regulatory sanctions under the relevant laws of The Bahamas.
The SCB is the Bahamas’ top financial regulator. The above notice is the equivalent of a securities fraud warning in other jurisdictions.
Wiseling launched late last year and promised affiliate investors daily returns of up to 3%.
Since Wiseling’s collapse there hasn’t been any significant developments.
A reload scam was uploaded to a .CO.UK domain but, presumably after fleecing investors gullible enough to send more money, disappeared after a week or so.
With Wiseling believed to have Russian origins, it is unlikely those behind the Ponzi scheme will be brought to justice.