GTI-Internet misplaced its enchantment in opposition to an funding fraud warning issued by Belgium’s Monetary Companies and Markets Authority (FSMA).
The corporate responded by “shutting down”, solely to reboot itself with a brand new identify and web site.
The FSMA issued its warning in November 2017.
Within the warning the regulator made two main factors; that GTI-Internet
- was “not approved to supply banking and/or funding providers in or from Belgium” (i.e. committing securities fraud); and
- had a enterprise mannequin that “clearly resembles that of a pyramid scheme, or on the very least, a Ponzi fraud”.
BehindMLM reviewed GTI-Internet in February 2016. We concluded they weren’t producing exterior income, making it a Ponzi scheme.
In an try to legitimize its exercise, GTI-Internet took the FSMA to courtroom.
In December 2018, Tribunal of First Occasion in Brussels upheld the FSMA warning.
The ruling was important for GTI-Internet, as even right now the vast majority of site visitors to its web site originates from Belgium.
In gentle of the failed enchantment, GTI-Internet proprietor Jhony Depresseux (proper) ought to have shut the corporate down. Or higher but Belgian authorities ought to have shut it down and pressed costs.
As a substitute, in gentle of the FSMA publicizing the failed enchantment in February 2019, GTI-Internet shut down its web site.
Did GTI-Internet actually stop its industrial actions although? Hardly.
GTI-Internet has now rebooted itself as “International Expertise Innovation”.
The corporate operates out of a brand new area (“globaltechnologyinnovation.ae”), which is registered to Paul Louis Hofmans.
On his private Twitter profile Hofmans cites his location as Dubai. On the skilled facet of issues Hofmans runs N.E.R. Administration Consultancies.
As per their web site, N.E.R. Administration Consultancies assists firms with “establishing” in Dubai.
To this finish a PO Field company deal with for “International Expertise & Innovation LLC” is offered on their web site.
Studying between the traces, all Jhony Depresseux has completed is pay a third-party to create a shell firm in Dubai. There’s no new firm right here… it’s the identical GTI-Internet rip-off being run out of Belgium.
Depresseux traveled to Dubai to set the reboot up in late January.
He’s assumed to have returned again to Spa, Belgium, the place he in any other case resides.
As of now the International Expertise Innovation web site is barebones. GTI-Internet associates can sign up to a backoffice and that’s about it.
To listen to Depresseux inform it although, the brand new GTI-Internet Ponzi scheme can be nothing in need of revolutionary.
This can be a bodily product of a brand new know-how. This product right now doesn’t exist but. And but, we are able to inform you that it’ll curiosity 100 % of the individuals on the earth.
It’s wonderful, it’s wonderful. Think about that an organization has had the worldwide precedence of web connections. That you would have been part of this society? Effectively, what we’re going to give you is even stronger than this.
It’s a actual technological revolution that may actually change the face of the world and it’s a know-how that can be distributed by GTI-net.
When you may have seen this product, you’ll perceive that gti-net is an organization whose future is assured for lots of of years.
This know-how represents greater than 100 years of analysis. Certainly, it’s already in 1901 that we see the primary analysis on one of these know-how.
And right now greater than 100 years later, all this may be in your fingers.
This product will create lots of of hundreds of jobs world wide, along with yours as a GTI-net member.
There are billions of merchandise to distribute world wide.
One former GTI-Internet sufferer claims International Expertise Innovation plans to flog €1200 EUR crypto mining rigs.
*huge loooooooooooong sigh*
For the document, GTI-Internet’s authentic Ponzi scheme ruse was foreign currency trading (no proof of which was ever offered).
Whether or not Belgium takes a proactive method to Depresseux’s new Ponzi scheme stays to be seen.
Pending launch of an precise enterprise mannequin, we’ll in fact be publishing our personal International Expertise Innovation assessment.
Replace 4th April 2021 – BehindMLM has revisited International Expertise & Innovation following a March 2021 “reset” announcement.