Paraiba World has acquired a securities fraud warning from FINMA.
FINMA is Switzerland’s cease monetary regulator (SEC equal).
As per FINMA’s March twenty ninth warning, Paraiba World is “not entered in business register”.
In different phrases, Paraiba World has not registered its passive funding alternative with FINMA.
That is the equal of a securities fraud warning in different jurisdictions.
FINMA’s Paraiba World warning particularly targets promotion in Switzerland, beneath “Paraiba World Switzerland”.
The cited corresponding web site tackle is “paraiba-world.ch”, which is used to advertise Paraiba World in German.
Making an attempt to register redirects to Paraiba World’s official web site, beneath affiliate referral code “2681”. A “Paraiba World CH” advertising and marketing video on the positioning, is hosted on a YouTube channel bearing the identify “Roland Fassler”.
Channel subscriptions suggests Fassler may also be an investor within the largely collapsed Crowd1 Ponzi scheme.
There’s just a few Roland Fassler social media accounts in Switzerland. I wasn’t in a position to affirm any particular one to Paraiba World Switzerland although.
The area “paraiba-world.ch” was privately registered in April 2021.
Paraiba World itself pitches a every day ROI and markets itself as a “distinctive non-public financial institution”.
The Ponzi scheme is run by CEO Erich Ely, a former German promoter of the infamous OneCoin Ponzi scheme.
Switzerland is the third jurisdiction to take regulatory motion towards Paraiba World. Comparable Paraiba World securities fraud warnings have been issued by Germany and Austria.
Web site visitors to Paraiba World has been in decline over the previous few months.
Alexa visitors estimates recommend Paraiba World recruitment is happening in Panama (34%), Honduras (24%) and Russia (20%).
Neither Paraiba World or Erich Ely are registered to supply securities in any of those nations.