Tag Archive for Fraud

Eaconomy Securities Fraud Warnings From New Zealand, Norway And Canada – Quebec

According to The Financial Markets Authority :
“Te Mana Tātai Hokohoko (FMA) regulates New Zealand’s financial markets. We were established in 2011 as an Independent Crown Entity.”
On their website the FMA in New Zealand stated:

“Our statutory duty is to promote and facilitate the development of fair, efficient, and transparent financial markets; and to promote the confident and informed participation of businesses, investors, and consumers in the financial markets.
We recommend caution when dealing with Eaconomy LLC/Eaconomy, or any individual or entity promoting its services or products. Eaconomy is the subject of multiple warnings from overseas regulators including”:

The Financial Supervisory Authority of Norway, which has warned about Eaconomy as a Pyramid scheme and an unauthorised business
Eaconomy LLC- Financial Supervisory Authority of Norway

“The Financial Supervisory Authority of Norway (Finanstilsynet) points out that Eaconomy LLC (Eaconomy) is not authorized to provide investment services in Norway and therefore does not have the necessary approval under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finastilsynet approved the services offered by the company.”

Eaconomy Limited – The Autorite des Marches Financiers of Quebec in Canada
The Autorite des Marches Financiers of Quebec in Canada, which has warned about Eaconomy as an unauthorised business:

“Eaconomy Limited

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Serial Ponzi Promoter Simon Stepsys Sentenced To Jail In The UK

Serial Ponzi promoter Simon Stepsys, 55, sold himself as an internet millionaire, posing with supercars.
His plugs to ‘get rich’ schemes were linked to further ‘misleading’ schemes Warrington Magistrates’ court (UK) heard he spent almost £200k on ‘living costs’.
He was sentenced to 16 weeks jail suspended for a year after he pleaded guilty.
A former road sweeper-turned-businessman who ran a ‘get rich quick’ scheme has avoided jail for failing to keep proper accounting records – but has gone bust owing the taxman £171,000.
Simon Stepsys, 55, from Nantwich, Cheshire, UK sold himself as an internet millionaire and flaunted his wealth over social media, with photographs of him posing with a Porsche, Bentley, Cuban cigars, gold watches and rings.
The former road sweeper’s plugs for the scheme, which promised £5,000-a-day returns to investors, turned out to be links to further ‘get rich’ schemes, He was subsequently told to stop making the claims by the Advertising Standards Authority which ruled them unproven and misleading.
Stepsys was sentenced to 16 weeks jail suspended for a year at Warrington Magistrates’ court after he pleaded guilty to failing to keep proper accounting records. He was banned from being a director of the company for seven years in 2020.
Stepsys was also ordered

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Root Wellness Accused Of Fraud By Top Network Marketing Professionals

Root Wellness stated in their company profile:
“At ROOT, our goal is to create products that honestly improve your life on a daily basis. We know that when you love something, it’s only natural to share it with people you care about.
Part of living a healthy life also includes having a healthy bank account. That’s why we’ve created a revolutionary community sharing model that allows you to reap the rewards of ROOT, from a wellness perspective, and financially.
The great part is, you don’t have to jump through any tricky sales hoops to do it.”
Seems that is not the case:
A Top Network Marketing professional *, in good standing stated and accuses the company and founder Clayton Thomas as follow:
1.Investment funds in return of company ownership. We were promised company ownership when we invest money which we did but we got fraudulent operating agreement and never got any certificate of company ownership or anything.
Until today, the money was gone and nothing was received in return. No ownership, no company reports as every owner should have etc., nothing.
They simply took this money and they keep working forward like nothing happened.
My investment amount was ten of thousands but I also do know another few investors

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Half of small business owners leave themselves open to fraud

Half (50%) of business owners and senior managers are unwittingly exposing themselves to invoice fraud, according to new research commissioned by Santander Business. They’re reportedly neglecting to take basic precautions to protect themselves. The research found that only half of business check the details of an emailed invoice when asked to make an online payment.
The post Half of small business owners leave themselves open to fraud appeared first on Small Business.

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