Zylo Trade securities fraud warning from Canada (BC)
Zylo Trade has received a securities fraud warning from the British Columbia Securities Commission.
As per the BCSC’s April 27th warning;
Zylo Trade Limited claims to have offices in London, England, and it also claims to offer trading services and investment plans for forex, gold and cryptocurrencies.
We are aware that Zylo Trade Limited accepts British Columbia (BC) residents as clients.
Zylo Trade Limited is not registered to trade in, or advise on, securities or derivatives in BC.
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
As reviewed here on BehindMLM last November, Zylo Trade is a Boris CEO Ponzi scheme pitching daily returns of up to 4%.
SimilarWeb has tracked plunging Zylo Trade website traffic numbers over the past few months.
In January Zylo Trade’s website received ~14,000 visits. In February that climbed to ~41,000, before dropping to ~12,000 last month.
Due to the low numbers SimilarWeb doesn’t provide a geographical breakdown, but it’s possible BCSC’s warning coincides with Canadian recruitment of Zylo Trade investors in February.
Whatever the case, these numbers aren’t sustainable for an MLM Ponzi scheme.
Zylo Trade’s FaceBook page hasn’t been updated since March 6th, so it’s likely the scheme has or is on the verge of collapse.
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