Paraiba has acquired a second securities fraud warning from Austria’s Monetary Market Authority (FMA).
The FMA is Austria’s prime monetary regulator (SEC equal).
As per the FMA’s March sixteenth warning;
Consideration! The FMA warns traders towards concluding transactions with:
Paraiba World
with its registered tackle apparently in:
Bonovo Highway, Fomboni Island of Mohéli, Comoros Union
This supplier will not be authorised to hold out banking transactions in Austria that require a licence.
The supplier will not be permitted to just accept funds from different events as deposits pursuant to Article 1 para. 1 no. 1 second case of the Austrian Banking Act.
That is the equal of a securities fraud warning in different jurisdictions.
The FMA issued its first Paraiba World securities fraud warning in September 2020.
The FMA’s second warning pertains to the area “paraibaworld.org”, which seems to focus on potential traders in Austria and Germany.
Germany’s BaFin additionally issued a Paraiba World securities fraud warning in September 2020.
The FaceBook account comparable to the “paraibaworld.org” area is managed from Austria and Slovenia. It seems to have been deserted in September 2021.
The “paraibaworld.org” area was privately registered in October 2020. It’s at the moment on the market for $55,000.
Paraiba World is a pretend financial institution Ponzi scheme pitching a 130% to 150% ROI.
The rip-off was based by CEO Erich Ely, who’s believed to be a German nationwide.
Previous to launching Paraiba World, Ely was an investor within the infamous OneCoin Ponzi scheme.
Past BaFin issuing a Paraiba World securities fraud warning, German authorities have taken no additional motion towards Ely or his Ponzi scheme.