Teqra has obtained a securities fraud warning by Spain’s Comision Nacional del Mercado de Valores (CMNV).
The CMNV is Spain’s prime monetary regulator (SEC equal).
The CMNV issued its Teqra warning on Might seventeenth.
Teqra Holding SRL shouldn’t be authorised to supply the funding companies detailed in Article 140 of the Spanish Securities Markets Act.
That is the equal of a securities fraud discover in different jurisdictions.
BehindMLM reviewed Teqra again in March, figuring out it as a Boris CEO Ponzi scheme with Russian origins.
Teqra is a part of a gaggle of Boris CEO Ponzi schemes that collapsed over the previous week.
The CMNV’s securities fraud warning was issued six days previous to Teqra’s collapse.