Verse Community has acquired a securities fraud warning from France.
As per the Autorite des Marches Financiers’ April 4th warning, Verse Community is “providing investments in … crypto-assets, with out being approved to take action”.
Verse Community was an MLM crypto Ponzi. The rip-off was launched final 12 months by serial Ponzi promoters Joseph Paillant and Brice van den Bussche.
Notably, Verse Community collapsed in September 2023 by disabling investor withdrawals.
For causes that aren’t instantly clear, Verse Community continues to publish fictional buying and selling outcomes on its social media channels:
Of observe is Verse Community initially working from the area “verse-corp.com”. AMF cites Verse Community’s web site area as “verse-corp-network.com”. Each domains are accessible at time of publication.
Web site site visitors to “verse-corp-network.com” is just too low for SimilarWeb to trace. ~3800 month-to-month visits have been recorded for “verse-corp.com”, most of which originated from Germany (67%), Belgium (10%), Austria (9%), Australia (8%) and France (5%).
Evidently regardless of withdrawals being disabled, there’s sufficient Verse Community exercise in France to warrant the AMF issuing a fraud warning.
Initially from Europe, Joseph Paillant and Brice van den Bussche have each fled to Dubai.
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re attempting to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.