Yeah so seems Ukraine has its personal SEC equal; the Nationwide Fee on Securities and Inventory Market.
In what I consider is a primary for BehindMLM, at the moment we’re reporting on a securities fraud warning issued from Ukraine.
In accordance with the NSSMC, QubitTech was recognized as a “doubtful monetary venture” within the fourth quarter of 2020.
The NSSMC’s investigation into QubitTech discovered it
affords residents funding packages price from $ 100 to $ 100,000, for which 250% of cashback will likely be paid, day by day funds of two%.
In accordance with the venture web site, QubitTech makes cash utilizing quantum applied sciences.
eposits are accepted solely in cryptocurrencies, there aren’t any ensures of return on funding.
For attracted new customers promise a bonus of 8% of the quantity of their funding.
The Fee sees the providers listed on the venture web site as deceptive potential traders.
BehindMLM reviewed QubitTech in July 2020. Primarily based on its enterprise mannequin, we concluded QubitTech was a Ponzi scheme.
QubitTech just isn’t registered to supply securities within the Ukraine, or wherever else on the planet. The NSSMC’s securities fraud warning follows Spain’s final week.
Lengthy referred to as a haven for MLM Ponzi scammers, it appears Ukraine may need had sufficient.
The NSSMC advises;
Given the exercise of doubtful monetary initiatives, the Fee along with the legislators is making ready a invoice that incorporates, particularly, guidelines to strengthen the battle towards abuse in capital markets and can extra successfully forestall, forestall the actions of those that hurt residents.
Whether or not something truly comes of the invoice stays to be seen.
Replace ninth March 2021 – QubitTech has rebranded itself as QubitLife.