An FMA investigation into Tycoon69 has result in the corporate’s collapse in Switzerland.
As per an e-mail despatched out by the Vischer regulation agency, Tycoon69 has declared chapter.
As per the FMA’s investigation, the regulator discovered
Tycoon69 AG doesn’t have the licence required for its enterprise actions (and) the next granting of the mandatory licence is out of consideration.
Presumably it’s because Tycoon69 is a Ponzi scheme.
The FMA additionally expressed concern concerning the “indebtedness of Tycoon69 AG”.
Whether or not this refers to investor ROI liabilities or different money owed is unclear.
In any occasion, relatively than problem the FMA Tycoon69 “discontinued” enterprise actions on or round June nineteenth.
That is the date the FMA initiated chapter proceedings in opposition to the corporate.
Vischer has been appointed by the FMA to function chapter liquidator. As a part of these duties the regulation agency is accepting claims in opposition to Tycoon69 from victims.
Claims (with proof) are to be submitted in writing to Vischer by July thirty first @
VISCHER AG
“Tycoon69 AG i.L.”
Schützengasse 1
P.O. Field
8021 Zurich
Switzerland
On the time of publication Tycoon69’s web site remains to be up and promoting “excessive earnings potential”.
Alexa site visitors estimates present a collapse in late 2019, though there’s nonetheless some curiosity from Latvia (76% of Tycoon69’s web site site visitors).
A Swiss tackle is offered within the footer of Tycoon69’s web site. Whether or not the tackle remains to be energetic is unclear.
Regardless of collapsing and being put out of business by the FMA, posts on CEO Stefan Hostettler’s Fb web page recommend Tycoon69 remains to be holding advertising occasions.
Pending any additional updates, keep tuned…