Nui’s “Nui Worldwide” Ponzi scheme is especially common in Brazil.
As I write this Alexa estimates 44% of visitors to Nui Worldwide’s web site originates from Brazil.
Not everyone seems to be on board although.
Final October the YouTube channel “Reis das Financas” printed a normal alert on Nui Social. A followup video was printed again in February.
Nui’s Brazilian arm didn’t admire the movies, and took Google to court docket in an try to get them eliminated.
Each of Reis da Financas’ movies put forth that Nui was a pyramid scheme.
Nui is represented in Brazil by Marcato Advertising LTDA. The corporate’s lawsuit sought elimination of Reis da Financas’ movies an and injunction.
If granted, that may prohibit Reis da Financas from publishing any extra movies on Nui. Nui additionally sought to compel YouTube at hand over possession particulars of the Reis da Financas account.
In line with a report from the Brazilian publication LiveCoins, Nui’s lawsuit was filed in opposition to Google Brazil, YouTube’s native guardian firm.
The lawsuit reached the São Paulo court docket asking for compensation for picture rights. On this case, Marcato Advertising sued Google Brazil, asking that the YouTube channel “Rei das Finanças” had eliminated the movies citing NUI Social.
The grievance got here up for listening to and was denied.
In judging the case, the choose stated that when analyzing the content material of the movies he didn’t detect any issues.
The choose acknowledged that “Analyzing the 2 movies in query, I didn’t confirm the presence of components of an eminently slanderous nature or that transcend the scope of mere criticism, so as to unequivocally offend the writer’s honor ”.
At one other level, the choose warned that untying the movies could possibly be censorship .
That’s, on this course of, there could be no pressing safety to take away the movies, a request that was denied.
LiveCoins reached out to each Rei Das Financas and Nui for remark however acquired no reply.
By means of Nui Worldwide Nui, a Utah primarily based firm, runs a fraudulent funding scheme concentrating on non-US residents.
Nui is just not registered to supply securities in Brazil. But regardless of being its largest supply of latest funding, up to now Brazilian authorities have taken no motion in opposition to the corporate.
Within the US Nui has been topic to 2 securities fraud investigations. One in Texas and extra lately Montana.
Whether or not the SEC is investigating Nui at a federal degree is unknown.