Kangot has obtained a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).
As per the CNMV’s December twentieth warning, Kangot
isn’t authorised to offer the funding providers set out in Article 140 of the Spanish Securities Markets Act, which embrace(s) funding recommendation.
That is the equal of a securities fraud warning in different jurisdictions.
Kangot launched in late 2019 and pitches a 300% ROI.
The corporate is run by Roberto Gonzales (proper), believed to nonetheless be a resident of Arizona within the US.
BehindMLM reviewed Kangot in April 2020 and, primarily based on its enterprise mannequin, concluded it was a Ponzi scheme.
Alexa visitors evaluation suggests Kangot has collapsed. This coincides with Kangot’s official Fb web page being deleted.
The corporate’s official YouTube and Instagram pages are nonetheless up, nevertheless each haven’t been up to date since early 2020.
Roberto Gonzales has additionally deleted his beforehand accessible “Roberto X Gonzalez” FaceBook profile.
Gonzales’ Twitter profile remains to be up however hasn’t been up to date since October 2018.
Though it’s not mirrored in Kangot web site visitors, Spain’s securities fraud warning suggests Kangot recruitment might need picked up once more.