As a part of its legitimacy ruse, the World Approach Capital Ponzi scheme pretended to have regulatory approval in Canada.
In response to those claims, the Financial institution of Canada has issued a press-release confirming World Approach Capital is a “fraudulent funding scheme”.
In accordance with the Financial institution of Canada, World Approach Capital offered potential traders with
a fraudulent Deposit Assure/Investor Compensation sheet dated February 2019 … purporting that the Financial institution will assure deposits (in US$ and cryptocurrencies).
WWC can be presenting a false partnership settlement with the Financial institution dated January 29, 2018.
The Financial institution of Canada asserts that it ‘has no partnership settlement with WWC‘.
This fraudulent funding scheme misrepresents the Financial institution and makes use of the Financial institution’s title, id, logos, trade-marks and letterhead with out authorization.
The Financial institution doesn’t settle for deposits nor does it assure any deposits or investments with WWC or every other firm.
The Financial institution has no connection to this rip-off.
BehindMLM reviewed World Approach Capital final month. Primarily based on its enterprise mannequin, we concluded the corporate was a Ponzi scheme.
We additionally concluded that World Approach Capital’s claimed hyperlinks to Canada have been baloney, based mostly on suspicion of offered Canadian addresses.