A BehindMLM reader has wrote in to share Royal Returns is beneath regulatory investigation in Eire.
As per correspondence acquired by the Central Financial institution of Eire;
In relation to the entity calling itself, Royal Returns Restricted, (it) has been referred to the Unauthorised Suppliers Unit (‘UPU’) within the Enforcement Advisory Division of the Central Financial institution of Eire (‘Central Financial institution’).
This workforce investigates situations of alleged unauthorised exercise carried out by entities who maintain no authorisation or licence from the Central Financial institution.
The Central Financial institution is wanting into this matter. Nonetheless, particulars of any investigation the Central Financial institution might undertake in relation to any entity can’t be disclosed to any third social gathering.
The e-mail correspondence occurred earlier this month.
BehindMLM solely just lately reviewed Royal Returns a couple of days in the past. Based mostly on its enterprise mannequin, we concluded Royal Returns was a Ponzi scheme.
On its web site, Royal Returns represents it has included a shell firm in Eire.
Based mostly on advertising and marketing materials we consider Royal Returns is being run from Sri Lanka, or by somebody with ties to Sri Lanka.
Given that is uncertain whether or not the Irish investigation will go wherever. On the very least although we’d get a press release confirming Royal Returns isn’t being run from Eire.
Pending any additional developments, keep tuned…