GIG-OS and advertising arm World Success Administration have been banned in Italy.
As per a September sixth announcement, CONSOB advises GIG-OS and GSM have violated Italy’s monetary legal guidelines.
GIG-OS is the third reboot of EmGoldex, a gold themed Ponzi scheme believed to be run by Russian scammers.
So far as I can inform, World Success Administration is simply one other identify GIG-OS is marketed beneath:
Different associated entities cited by CONSOB embody the shell corporations Be Free Ltd, Imperial System Ltd EOOD and Ivory Dunes Restricted.
Following an inner investigation, CONSOB seems to have uncovered GIG-OS’ newest ruse; NFT grifting.
NOTING that, along with the ” Fairness Convertible Notes “, the ” Packages ” present for the task to the investor of tokens to be positioned on ” boards ” for the achievement of incremental remuneration and the free allocation of a predetermined variety of “NFTs of the Meta assortment Aristippus”, from the” Assured passive revenue “.
As a part of the “Fractal Inventory Program” in query, reward mechanisms are additionally envisaged aimed toward rising the ” passive revenue ” achieved by customers.
EmGoldex and GIG-OS was once easy gold Ponzi schemes. It appears they’ve since jumped on the crypto fraud bandwagon.
CONSOB warns that each GIG-OS and World Success Administration usually are not registered with CONSOB, nor have they got an exemption from Italy’s securities legal guidelines.
CONSOB initiated a 90 days suspension of entry to GIG-OS and World Success Administration’s web sites on June fifteenth. Throughout this time GIG-OS and World Success Administration have been invited to defend themselves.
Neither firm did, prompting CONSOB to make the suspension a everlasting nationwide ban on September sixth.
No matter GIG-OS recruitment was happening in Italy seem to have since collapsed.
SimilarWeb at the moment tracks high sources of visitors to GIG-OS’ web site as Argentina (83%), Mexico (6%) and Uzbekistan (3%). Site visitors to World Success Administration’s web site is negligible.