Mined has obtained a securities fraud warning from the Central Financial institution of Uruguay (BCU).
BCU is Uruguay’s high monetary regulator.
As per the BCU’s June thirteenth warning;
The agency referred to as Academia “MINED” or “MINED Academy” that advertises its providers by way of networks shouldn’t be registered in any approach with the Central Financial institution of the Uruguay doesn’t even have authorization to function by the Superintendence of Monetary Providers.
That is the equal of a securities fraud warning in different jurisdictions.
Mined Academy is a part of the Mined MLM firm providing.
Mined was launched by Daniel Cueva Rodriguez in mid 2021. Mined Academy supplies foreign exchange coaching with pyramid recruitment.
Rodriguez modeled Mined Academy on his earlier firm, IM Mastery Academy.
In reviewing Mining Academy I didn’t flag something which may represent securities fraud. The Central Financial institution’s warning could be based mostly on unsubstantiated revenue representations used to market Mining Academy.
We usually see securities fraud warnings in relation to MLM Ponzi schemes. Legal guidelines relating to investments could be barely completely different from nation to nation.
SimilarWeb ranks high sources of site visitors to Mined Academy’s web site as Mexico (40%), Peru (22%), Argentina (13%) and El Salvador (6%).
Mined Academy isn’t registered with monetary regulators in any of those nations both.