ProCash has received a securities fraud warning from Spain’s Comision Nacional del Mercado De Valores.
As per the CMNV’s 26 April warning, ProCash is
not listed in the corresponding registry of this Commission and, therefore, they are not authorized to provide investment services.
This is the equivalent of a securities fraud notice in other jurisdictions.
BehindMLM reviewed ProCash just a few days ago.
Based on its business model, we noted ProCash was engaged in cryptocurrency investment fraud.
An English equivalent of the CNMV’s warning is provided by Belgium’s FSMA.
ProCash is operated by Rolando Mendoze from Peru and/or Bolivia.
The Ponzi scheme is currently being promoted in Cuba and Honduras, two Spanish speaking nations.