As per a message uploaded to the rip-off’s web site, Finalmente International has collapsed.
Following Mirror Buying and selling Worldwide, Finalmente International’s demise marks the second main South African MLM Ponzi collapse inside a month.
As per the web site message, signed off on by “Administration Finalmente International (Ptd) Ltd”;
It’s with heavy coronary heart that we now have to tell you that as a result of demise of MTI, we too, have misplaced a considerable amount of cash, not solely as a result of funding we now have/had with them but in addition the income stream of promoting.
As most of you realize our enterprise was promoting primarily based, MTI being one in every of our largest shoppers in that side of our enterprise. Because of the misunderstanding of our affiliation with MTI a big portion of our different shoppers have additionally cancelled our mandate.
On account of this we now have misplaced a considerable portion of our revenue, consequently we’re now not profitable sufficient to proceed buying and selling and we now have needed to retrench our employees and droop all additional commerce.
This web site will probably be suspended for an indefinite interval. We’ll hold you suggested of any additional developments.
Past being operated from inside South Africa, whether or not Finalmente International had any precise ties to Mirror Buying and selling Worldwide is unclear.
For starters, the web site message claims Finalmente International had invested in MTI. It then goes on to assert any affiliation the corporate had with MTI was a “misunderstanding”.
What is obvious is Finalmente International have pulled a traditional Ponzi exit-scam, absconding with what’s left of investor funds.
Finalmente International was launched in mid 2020 and run by Kobus van der Merwe (beneath).
BehindMLM reviewed Finalmente International in June 2020 and recognized it as a Ponzi scheme. Make sure you learn the feedback on our assessment for the same old rip-off denials.
Whether or not South African authorities take any motion in opposition to Kobus van der Merwe and his co-conspirators stays to be seen. We’ll hold you posted on any updates.