Zeniq Applied sciences has acquired a securities fraud warning from Dubai.
No, that’s not a typo.
Zeniq Applied sciences is the shell firm behind Zeniq Coin. Zeniq Coin in flip is utilized by the Safir Worldwide Ponzi scheme.
All three corporations are run by Erwin Dokter, who moved to Dubai mid 2021.
As per the DFSA’s December fifth warning,
On a variety of web sites, it’s said that Zeniq Applied sciences has “authorized standing” underneath the jurisdiction of the DIFC and is licensed by the DFSA.
The DFSA informs you that Zeniq Applied sciences will not be, and has by no means been, authorised by the DFSA to offer monetary companies in or from the DIFC.
DIFC stands for “Dubai Worldwide Monetary Centre“. It’s a
a particular financial zone in Dubai (with) its personal impartial, internationally regulated regulator and judicial system, widespread legislation framework, international monetary change, tax-friendly regime, and a big enterprise group.
The DFSA clarifies that Zeniq Applied sciences has fundamental DIFC incorporation however, with respect to providing monetary companies, that is meaningless.
Zeniq Applied sciences is an organization integrated within the DIFC and is permitted to hold out sure non-financial companies actions in or from the DIFC.
Nonetheless, as the corporate will not be licensed by the DFSA, it isn’t permitted to hold out monetary companies in or from the DIFC.
Alexa at present ranks prime sources of site visitors to Safir Worldwide’s web site as Norway (26%), Saudi Arabia (6%) and India (6%).
Zeniq Coin’s web site site visitors originates from Saudi Arabia (19%), India (16%) and Vietnam (3%).
Visitors to Zeniq Applied sciences’ web site is negligible.
BehindMLM maintains Dubai is the MLM rip-off capital of the world.
Seems although, in the event you signify you’re registered to supply securities in DIFC (which most MLM Ponzis working out of Dubai don’t), the DFSA would possibly finally expose you.
Replace third January 2022 – Zeniq Applied sciences has responded to the DFSA’s securities fraud warning.