Validus Review: Dubai crypto Ponzi gobbles up AuLives
Validus popped up on my radar as a result of its recent acquisition of AuLives.
AuLives being a Ponzi scheme, launched by former OneCoin scammers in mid 2018.
At time of publication Alexa ranks traffic to AuLives’ website as “N/A”, i.e. too small to measure.
What we take away from this is AuLives collapsed some time ago. AuLives’ official Facebook page was abandoned in November 2019.
What Validus in fact purchased was the AuLives affiliate investor database.
One last cash grab by AuLives founders Parwiz Daud and Mansour Tawafi.
There’s no mention of Parwiz Daud on Validus’ website or social media channels.
Frank Ricketts signed on for a brief stint as CEO of AuLives. Ricketts is currently on trial for OneCoin money laundering in Germany, so there’s no mention of him either.
Mansour Tawafi however has signed on as Validus’ “new VP of sales”.
Wait a minute… pre-launch call?
Validus’ website domain was registered on June 15th, 2021. The company created its official Facebook page on June 16th.
There’s nothing “prelaunch” about Validus. The company has been marketing for seven months.
About a month after it launched, Validus featured its CEO in a marketing video. A month later, in August, the CEO was introduced as “Howard Friend”.
Friend has a finance marketing history. Validus appears to be his first MLM gig.
Evidently Friend’s finance career didn’t work out. So he relocated to Dubai and here we are with Validus.
I’d be very surprised if Friend was actually behind Validus.
Update 3rd February 2022 – Parwiz Daud has crawled out of Dubai’s shadows. He’s appointed himself Validus’ Chief Network Officer.
Seeing as Daud part owns the company not sure why the facade but hey. It is what it is. /end update
Alexa currently ranks Nigeria as the only notable source of traffic to Validus’ website (93%).
Read on for a full review of Validus’ MLM opportunity.
Validus has no retailable products or services.
Affiliates are only able to market Validus affiliate membership itself.
Validus’ Compensation Plan
Validus affiliates invest funds on the promise of an advertised 300% ROI, paid over 60 weeks.
Validus solicits investment through packages, ranging from $50 to $10,000:
- TP50 – $50
- TP100 – $100
- TP250 – $250
- TP500 – $500
- TP1000 – $1000
- TP3000 – $3000
- TP5000 – $5000
- TP10000 – $10,000
Although the above amounts are in USD, Validus solicits investment in bitcoin, ethereum, tron and TRC-20.
Validus only pays out 70% of withdrawal requests when made.
The other 30% is paid out at a rate of 10% monthly for twelve months (effective 120% payout).
Validus Affiliate Ranks
There are nine affiliate ranks within Validus’ compensation plan.
Along with their respective qualification criteria, they are as follows:
- Jade – recruit and maintain two affiliate investors and generate $2000 in downline investment volume (split $1000/$1000 across the binary team)
- Pearl – maintain two affiliate investors and generate $10,000 in downline investment volume (split $5000/$5000 across the binary team)
- Sapphire – maintain two affiliate investors and generate $40,000 in downline investment volume (split $20,000/$20,000 across the binary team)
- Ruby – maintain two affiliate investors and generate $160,000 in downline investment volume (split $80,000/$80,000 across the binary team)
- Emerald – recruit and maintain one Ruby on both sides of the binary team, and generate $500,000 in downline investment volume (split $250,000/$250,000 across the binary team)
- Diamond – recruit and maintain one Emerald on both sides of the binary team, and generate $1,500,000 in downline investment volume (split $750,000/$750,000 across the binary team)
- Blue Diamond – recruit and maintain three Diamonds (each in separate recruitment legs), and generate $4,000,000 in downline investment volume (split $2,000,000/$2,000,000 across the binary team)
- Black Diamond – recruit and maintain three Blue Diamonds (each in separate recruitment legs), and generate $8,000,000 in downline investment volume (split $4,000,000/$4,000,000 across the binary team)
- Crown Diamond – recruit and maintain three Crown Diamonds (each in separate recruitment legs), and generate $16,000,000 in downline investment volume (split $8,000,000/$8,000,000 across the binary team)
Validus pays affiliates a 10% referral commission on funds invested by personally recruited affiliates.
Validus caps referral commissions at $10,000 a day.
Validus pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each week Validus tallies up new investment volume on both sides of the binary team.
Residual commissions are paid as 10% of fund matched on both sides of the binary team.
Once paid out, matched funds are flushed. Leftover volume on the stronger binary team side carries over.
Note that Validus caps residual commissions at up to $35,000 a week.
Validus uses a 3×12 matrix to pay a daily recruitment commission.
A 3×12 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).
Levels three to twelve of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Affiliates are directly and indirectly recruited into the matrix. Validus pays $1 per affiliate with an active investment every weekday.
To qualify for matrix commissions, a Validus affiliate must have invested at TP5000 or higher, and generated $15,000 in personally recruited downline investment volume.
Rank Achievement Bonus
Validus rewards Sapphire and higher ranked affiliates with the following one-time Rank Achievement Bonuses:
- qualify at Sapphire and receive an Apple Watch Series 7
- qualify at Ruby and receive an iPhone 13
- qualify at Emerald and receive a “Dubai retreat”
- qualify at Diamond and receive a Rolex watch
- qualify at Blue Diamond and receive a BMW 3 Series
- qualify at Black DIamond and receive a Mercedes-Benz E-Class
- qualify at Crown Diamond and receive a Lamborghini Huracan
Validus affiliate membership is tied to an initial $100 to $10,000 investment.
Upon receiving a 300% ROI, reinvestment is required in order to continue earning.
Validus represents it generates returns via forex trading.
To that end Harold Friend is presented as a trading guru with thirty-years experience:
This doesn’t add up. Surely someone capable of trading at 2.5% to 3% a week with thirty years experience has a god-tier nest egg by now?
Instead, the sum total of Friend’s financial career is fronting another Dubai MLM crypto Ponzi scheme.
Validus’ passive investment scheme constitutes a securities offering.
In order to operate legally, Validus needs to register with financial regulators.
Validus provides no evidence it has registered with financial regulators in Nigeria or anywhere else in the world.
Validus doesn’t provide any UAE registrations but note any registration in Dubai is likely fraudulent.
Dubai attracts scammers from around the world due to lax regulation and minimal extradition treaties. The emirate is a hotbed for financial fraud.
As it stands the only verifiable source of revenue entering Validus is new investment.
Using new investment to pay affiliate withdrawals makes Validus a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Validus of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees the majority of participants lose money.
Look no further than AuLives’ quiet collapse to see this in action.
Lots of people in MLM seem to call themselves “doctor”. What are they “doctors” in and from which “universities”?
“Dr” Daud doesn’t come across as the kind of person who has spent 10+ years adding to scientific knowledge or studying and kind of medicine.
@Stevie – They use the title “Dr” to give themselves the air of legitimancy. They are Drs of Sweet FA!
Review updated to note Parwiz Daud appointing himself Validus’ Chief Network Officer.
I just feel sorry for people who are so easy to be trapped by these scammers.
Parwiz Daud and Mansour Tawafi started scamming people from ACN then onecoin, AuLives and now Validus. Every time people lost the money and these scammers came with a new story with false promises.
Now with Validus they have started scamming in diffrent countries including UK.
People just need to wake up and give them a big shut up call.
From UK they appointed two well knows scammers with them Danyal Islam and Humraz Jaan who are recruiting people on daily basis with this scam.
I hope authorities will catch all of them.
yes, totally agree, it start in france, with a little boy, mr sebastien perchey, a lost guy, without any leadership, and he promotes with souleymane sissoko from paris ….
Fraud repression is already contacting….
Grand opening of Validus in Dubai.
Even the names sounds like a joke.
Why, yes. Any MLM company operating out of Dubai is a joke.
Seeing as AuLives was based out of Dubai, did they even change offices? Or was this more of a “we changed the logos” event?
Dr David Parwiz Daud in Malaysia 2017, OneCoin Convention.
Back with Validus, and ready to take your money again.
I wish you all the best brother because you have helped a lot of people with your research and clarification about this is commerce.
they are taking people’s money every time and they’re doing it in the UK same as the by this validus are a joke and I believe.
so I was about to make investment but I know what these people are and what they keep blowing doing every time without people noticing.
we need knowledgeable people like you come out and face these people and help the innocent people who have been trapped again and again.
Thanks for the support!
I just dont know what to do, I committed 1k, now I’m worried, I see lots of people’s comments, its schoking.
I tried to invite my family and friends, now I have put a stop. I will see how it goes with me for 60 weeks.
Prediction: Lots of excuses, and lots of upselling to try get more money in.
The claim to use this ‘broker’ cfmerchants.com/ with a UK Mobile number and they claim they won the ‘BEST ECN BROKER 2020’ when infact it was TNFX tnfx.co/en/tnfx-best-ecn-broker-in-middle-east/
Watch CFMerchants remove this once they read these comments.
Looks like their broker was done by a 3 year old.
If there’s no audited financial reports then it’s all bullshit.
We’ve seen enough “we have nothing to do with these guys” communications from third-party brokers over the years.
I put 1k in i don’t know if i can get it back i was trying today and they said that i put a wrong Bitcoin adress in but it was correctly can anyone rely on this?
Called up bitcoin support?
Welp, sorry for your loss. Hope it wasn’t too much.
So can anyone please advise me before I invest, I was looking to put in £5K and was told in 60weeks id be getting £15K back.
Has anyone studied this and worked out whether this is an opportunity that will work or will it be something that I will regret because there are small print which I dont know about? any advise will be greatly appreciated.
Currently times are hard and I want to start making extra money but really dont know how.
Yes. Read the review.
The majority of investors in Ponzi schemes lose money.
if you are happy to give the control of your money away to a group of leaders that were the scammers leaders of OneCoin / Onelife, feel free.
If you don’t know what is OneCoin OneLife, make your research and look at some vidéos about it.
Then you will understand what is the concept of Validus. (It is a copy/paste of oneCoin, made by the same leaders).
Validus is defo a ponzi I see more people from onecoin there.
take a closer look you see low level scammers from London Bengali community. there photo shopped pictures of luxury cars and hired cars in Dubai to scam people abroad saying they own it.
Obviously Lot of people are looking for solutions for loosing their money.
I spent lot of time looking at the kind of community who adhere to these “Ponzi businesses”, lot of them are convinced they are fighting against the “Bank Conspiracy” and believe they are smarter than all of us, as they found a way to screw the banking system with Validus (and Omegapro,….).
Lot of these members believe in conspiracy theories ( Flat hearth, bill gates 5G shipset in the vaccin, Chemtrail, etc….).
VAlidus; omegapro, …. are a cult with the same methods.
just been pitched on this tonight, and had not realised how bad a scheme it is.
Even their broker has been struck off by companies house in the UK, but the broker still claims it is registered in the UK.
Nice little bit of an issue against company law.
Flagged it to the relevant authorities.
What can we do against this criminal gang? Also here in Croatia there are already Validus events. Many people fall for it.
I was very suspicious of Tawafi and Daut, so I did a little research and promptly found enough information. I was horrified !!!!
What can we do against it? Is there a way to stop these crimes before millions of people lose their money?
Authorities can’t do much about it.
having international actions are still complicated as each one of these countries want to keep their own hands on their corrupted justice.
I participated to several Validus presentation, and they make it Very clear it is a Fraud, and that the broker is just for “dressing the bride” properly, even if this broker is shit and does nothing.
They ALL know they participate to a Fraud, but want their piece of the pie before it collapse.
Whatever you will tell to the members about any evidences of Fraud of Validus, they don’t give a shit.
They just need to hear on the forums or presentations “the good information”. (they want the “good information” for developing the business, not the true information which is not good for the business).
I am in Validus from.past 6 months, it’s going amazing, the company has delivered every thing they promised and heading in right direction.
They focus is education of financial markets, rewards from trading, helping people win over 60 weeks.
I live in Australia and loving every day with Validus.
I have tested their system and it is solid.
Just relax n think as a investor, don’t cry like a baby!!
God Bless you all.
Whether you’re able to steal money through Validus is irrelevant to it being a Ponzi scheme.
Validus is not registered with ASIC. Securities fraud is illegal in Australia.
Whether you love securities fraud and Ponzi scams is neither here nor there.
What is you education level and which field for you to conclude it is reliable and solid?
have you ever thought where the revenues were coming from ?
Validus is a Fraud, and even the leaders of Validus know about it and are proud to tell it during the presentations.
I guess you also know it is a fraud and you want a piece of the cake.
I have a problem with the crypto transaction, it’s not working in Afghanistan, so we can’t active our package!!!!!
KiraTV did a video:
Mansoor is in Australia. Please reporting him to police.
I have reported this to the FCA as a couple of my friends got sucked in and are trying to get out.
I will be reporting the big promoter Danyal Islam.
Next time there is an event in Sheffield, i will try going down.
Sheffield and Birmingham in UK lots of events happening.
Case Ref #:208504886 with the FCA if anyone wants to follow the case or report further.
I wanted to make a note of Validus restricting withdrawals to once a week during a narrow 24 hour timeframe.
I’m not ready to call Validus’ collapse yet, but there’s only one reason a Ponzi scheme starts restricting withdrawals.
These things are growing like mad. There’s a new Mansour on the block.
Mansour Zaman (UK) instagram.com/iammansoorzaman/ who is not building teams in the UK and Australia.
This guy has no friends and jumps from MLM TO MLM companies like a drug addict. Right now he is a Diamond in Validus.
He focuses on poor people and wealthy people. Has no morals and scams many people. He cleans his money in this and other companies claim to be a forex teacher.
Whoever write this article is a complete MUPPET! & has no idea.
This is just a stupid clickbait and a false and biased opinion rather than actual facts!
Fact: Validus is a Dubai Ponzi run by former OneCoin scammers.
In between recruiting victims to steal from, feel to prove otherwise.
Not interested in butthurt and opinions, only facts.
Angry scammer says what now.
You wouldn’t know a fact if it beat you with a hammer in the face hahaha.
Fact: Validus is a Dubai Ponzi run by former OneCoin scammers
Fact: Validus top promoters (Networkers) are clearly explaining that Validus is a Ponzi scheme when they are presenting the “business” to their clients (zoom conferences).
They confirm it is a scam, and are saying that by joining the scam early enough people can make tons of money before it collapse.
I’ve also done some research and fact checked what was mentioned. There are many inaccuracies and false and assumptions in this article and it is completely biased and skewed
Yes, there was an issue with Aulives and Onecoin in the past, however Dr Parwiz & Mansoor weren’t the founders of Onecoin. The real culprits were the actual founders of Onecoin (Ruja Ignatova & Sebastian Greenwood) who got arrested.
They kept changing the policies with dirty tricks and never launched the coin never launched on any exchanges.
Dr Parwiz & Mansoor Tawafi were just high up in the network rank with large business volumes under them. One day shit hit the fan the actual founders of Onecoin got arrested.
Dr Parwiz & Mansoor left the company due to lack of trust and lots of people lost money to something which Mansoor and DR Parwiz weren’t even in control of or responsible for.
Mansoor and Dr Parwiz strated Aulives and people stole from them. They paid back money to their downlines who had lost money.
They decided that they would not engage in any network marketing company unless they are the founders. They then launched teamvalidus in 2021.
1. The ranks & prizes & withdrawals mentioned that articles are inaccurate. You still get 100% payout. Network bonuses are split into 70/30 instead. 70% upfront & 30% paid over 12 months for liquidity reasons.
2. The article does not mention where they pay the rewards from. They have 2 hedge funds which both trades Forex & invests in different sectors such as stocks, bonds, IPO’s, staking, nodes, etc.
It does not cover other bits such as company roadmap, plans & progress, different digital products/ programs including upcoming ones.
3.They had an independent audit and got a AAA+ rating on Business for Home Magazine . (1st company to receive this within 1y of launch) (Ozedit: spam removed)
4. None of co-founders have been banned from any of the countries or arrested (as mentioned in the variant articles) and they do lots of events off shore.
5. The actual company is registered in USA, not Dubai. It’s just headquartered in Dubai.
7. My friends have been to Dubai & met the founders (including Howard friend – yes he is real). I joined 2 months ago. I personally have been in direct contact with the one of the founders via zoom call.
Furthermore, there are been no hiccups getting paid on time each week (both bonuses and rewards)
(Ozedit: conspiracy theories and derails removed)
Is that the pretext new Validus Ponzi victims are being recruited with these days? Oh dear…
Rebranding Ponzi scamming as an “issue” is disingenious.
Nobody said Parwiz and Mansoor founded OneCoin. They were top earners in the Ponzi scheme who stole a ton of money (~$400,000 a month at their peak scamming), mostly from the Indian and Pakistan immigrant community in the UK.
OneCoin collapsed in early 2017. Daud and Tawafi abandoned ship in early 2018.
Gilbert Armenta was the first OneCoin arrest in late 2017. This was not publicly known at the time.
The first public OneCoin arrest was Mark Scott in late 2018. Daud and Tawafi had already launched AuLives at this point.
Daud and Tawafi bailed on OneCoin because the money dried up. Rewriting history to pretend they left after the arrests is a lie.
AuLive flopped, leading to its collapse. Again, no need to rewrite history with fiction.
This is accurately stated in the article. Validus withholds 30% of withdrawals to keep the Ponzi going for as long as they can.
The rewards come from new investment. Same as OneCoin.
Feel free to provide Validus’ filed audited financial reports if you want to make up financial claims.
Yeah Validus is a client of BusinessForHome’s. So was OneCoin back in the day.
What’s your point? Paying Ted Nuyten to post spam != legitimacy.
Daud and Parwiz are Ponzi scammers who stole a bunch of money from people. That’s why they fled to Dubai.
Muhammed Zafar targeted the same communities Daud and Parwiz did in OneCoin. Zafar was arrested in Pakistan in early 2021.
Daud and Parwiz are smaller fish in the OneCoin Ponzi but nonetheless the threat of arrest is there.
Validus is a Dubai Ponzi scheme. Registering shell companies offshore is meaningless.
Sorry for your loss.
There wasn’t in OneCoin either. Till recruitment of new suckers such as yourself dried up and the authorities moved in.
If you did any actual research into Validus and weren’t OK with Ponzi scamming yourself, you’d have never signed up to invest.
There is a warning out from NZ authority FMA
Thanks. Covered here:
Validus securities fraud warning from New Zealand
Why don’t you just purchase a $50USD package to see for yourself what you get out of it and what you get in return. I’m pretty sure we can afford to pay $50USD just to see if it’s legit or not….
Rather than sitting and making assumptions…
You don’t need to lose money in Validus to confirm, it’s a Ponzi scheme.
Validus is a Ponzi scheme because of its business model, which ultimately guarantees the majority of investors will lose money.
No assumptions, 100% fact.
The registeration In the US is in Delaware as a domestic LLC, and it isn’t even in ther name but through an agent,so a useless regsitration just to say they are registered, as well as the fact they have paid the tax on their LLC.
I can email you the info if you like.
also you receiveing money now isn’t proof of anything, everyone gets their money until one day… they don’t.
Great Comments Folks.
Looks like Alpha Club in the early 2000’s. Get your prospects to pay $2000 for Holiday and Travel discounts and you get a $600 rebate. Asic shut this down after about 3 months.
Was looking at this but will sit on the fence now. If it looks or sounds too good it probably is. Invest wisely folks.
Same old Same old … if anything promises higher than usual returns it’s a Red Flag .. save time and stress Move on move away move up.
GIFS update, they confirmed that validus forged their Shariah Certificate.
I kind of treat the whole Shariah compliance thing as “legitimacy via association”.
Muslims aren’t exempt from math. If they know Validus is a Ponzi scheme and invest because sHaRiA cOmPlIaNcE, they’re scammers.
From personal experience of Howard Friend. Every single account was blown out of the water. Breached mandate on one client in 10 days. Worst two day performance -27%.
His comment when asked why. It’ wasn’t his fault.
He is about the worst trader I have every come across. Does it surprise me he is tied up in this kind of company. No he wants a fast buck and doesn’t care who he screws in that goal.
All his claimed performances are complete fabrications. I know as he faked them. He told me he had.
He never turned a 400k account into 1.8 m it was the other way around.
Fabio Cordella (Italian businessman), along with Iker Casillas, Roberto Carlos da Silva (Real Madrid legends) and Morris Pagniello former Italian footballer and sports agent seen here as Validus’ advertisers. It is unclear whether they are aware of being “the faces” of a Ponzi scheme:
they have now also found amsterdam. heard through a friend that they are recruiting people.
Watch out folks.