Belief Investing has acquired a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.
As per the CNMV’s April 4th warning, Belief Investing
just isn’t authorised to supply the funding providers detailed in Article 140 of the Spanish Securities Markets Act, which embody funding recommendation.
That is the equal of a securities fraud warning in different jurisdictions.
Of notice is the Belief Investing web site area cited within the CNMV’s warning; “trustinvesting.github.io”.
This can be a GitHub Pages web site, “hosted immediately” from a GitHub repository. I’m a bit of confused right here, as Belief Investing’s authentic web site continues to be up at “trustinvesting.com”.
I think the GitHub Pages website might need been arrange by an affiliate. On the prime proper of the GitHub Pages website there’s a “begins now!” button.
Clicking that seems to redirect to a damaged affiliate referral hyperlink on Belief Investing’s precise web site. Maybe, in gentle of the CNMV’s fraud warning, Belief Investing has terminated the affiliate’s account.
However then I’m unsure why the GitHub Pages website continues to be up then.
In any occasion, Spain’s Belief Investing warning follows the arrest of government Ruslan Concepcion in Cuba in April 2021.
Concepcion (proper) was arrested trying to board a aircraft certain for Russia.
Concepcion was launched by Cuban authorities in October 2021 – I wasn’t capable of confirm the present standing of his case.
Based mostly on Concepcion’s current FaceBook posts, he seems to nonetheless be in Cuba.
On the time of Concepcion’s arrest, Cuba made up 44% of visitors to Belief Investing’s web site.
SimilarWeb exhibits a renewed uptick in visitors to Belief Investing’s web site all through 2022:
Belief Investing recruitment in Cuba has since slowed. Brazil (17%), Italy (12%), Colombia (9%) and Peru (8%) at the moment are feeding buyers into the Ponzi scheme.
Belief Investing is headed up by CEO Diego Chaves (proper).
Following the CNMV’s warning, Chaves has deleted his social media profiles.
When BehindMLM reviewed Belief Investing in July 2020 we suspected Chaves was residing in Spain. Whether or not he’s nonetheless within the nation following the CNMV’s warning is unclear.
Replace thirtieth Could 2022 – After a bit extra poking round, after publishing this text I learnt Belief Investing collapsed final 12 months.
As on the time of this replace, the seven-month lengthy exit-scam continues to play out.