Lyoness’ eCredits spinoff has acquired a securities fraud warning from Liechtenstein’s Monetary Market Authority.
Of their transient warning, the FMA
factors out that ECR AG in Liquidation, Vaduz, has not been licensed by the FMA and subsequently just isn’t allowed to offer any monetary providers which are topic to authorisation underneath Liechtenstein legislation.
Particularly, it’s not permitted to offer e-money providers or cost providers.
The FMA urgently advises to not make investments by way of the web site ecredits[dot]com, particularly not to reply to provides or switch funds.
That is the equal of a securities fraud warning in different jurisidictions.
Lyoness launched eCredits again in mid 2018. Since then they’ve been soliciting funding in Ponzi factors (precedence factors), promising to finally launch eCredits as a cryptocurrency.
Naturally there’s no point out of Lyoness, Cashback World or proprietor Hubert Freidl on eCredit’s stand-alone web site.
Like most of Lyoness’ schemes, eCredits is run by way of a shell firm. ECR AG i.L. is included in Lichtenstein.
It’s by way of this shell firm that Lyoness claims eCredits is “based mostly” out of Lichtenstein.
This makes Lichtenstein issuing a securities fraud warning towards eCredits, and by proxy Lyoness, all of the extra important.
As to the present standing of eCredits, as above the final official communication from the corporate is dated April 14th, 2021.
On April twenty third BE Battle Administration printed a YouTube video with the outline:
The corporate behind “eCredits” has been deleted and liquidated. However it’s nonetheless being marketed by Lyconet entrepreneurs.
After three years of stalling, it seems Lyoness’ eCredits Ponzi scheme is DOA.
So far as I’m conscious there’s been no official Lyoness, Lyconet or Cashback World announcement confirming eCredit’s collapse.
Complete Lyoness investor losses into eCredits’ “precedence factors” are unknown.
Replace nineteenth March 2022 – BE Battle Administration seems to have misplaced their YouTube channel.
This text featured a hyperlink to the referenced April twenty third video. On account of the the channel being deleted nevertheless, I’ve disabled the hyperlink.