Zeniq Technologies securities fraud warning from Dubai
Zeniq Technologies has received a securities fraud warning from Dubai.
No, that’s not a typo.
Zeniq Technologies is the shell company behind Zeniq Coin. Zeniq Coin in turn is used by the Safir International Ponzi scheme.
All three companies are run by Erwin Dokter, who moved to Dubai mid 2021.
As per the DFSA’s December 5th warning,
On a number of websites, it is stated that Zeniq Technologies has “legal status” under the jurisdiction of the DIFC and is licensed by the DFSA.
The DFSA informs you that Zeniq Technologies is not, and has never been, authorised by the DFSA to provide financial services in or from the DIFC.
DIFC stands for “Dubai International Financial Centre“. It’s a
a special economic zone in Dubai (with) its own independent, internationally regulated regulator and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large business community.
The DFSA clarifies that Zeniq Technologies has basic DIFC incorporation but, with respect to offering financial services, this is meaningless.
Zeniq Technologies is a company incorporated in the DIFC and is permitted to carry out certain non-financial services activities in or from the DIFC.
However, as the company is not licensed by the DFSA, it is not permitted to carry out financial services in or from the DIFC.
Alexa currently ranks top sources of traffic to Safir International’s website as Norway (26%), Saudi Arabia (6%) and India (6%).
Zeniq Coin’s website traffic originates from Saudi Arabia (19%), India (16%) and Vietnam (3%).
Traffic to Zeniq Technologies’ website is negligible.
BehindMLM maintains Dubai is the MLM scam capital of the world.
Turns out though, if you represent you’re registered to offer securities in DIFC (which most MLM Ponzis operating out of Dubai don’t), the DFSA might eventually expose you.
Update 3rd January 2022 – Zeniq Technologies has responded to the DFSA’s securities fraud warning.