Introax has acquired a securities fraud warning from the Russian authorities.
As per the Financial institution of Russia’s February 2nd warning, Introax reveals “indicators of a monetary pyramid (scheme)”.
Introax solicits funding on the promise of every day returns of as much as 5%.
BehindMLM reviewed Introax on January twenty fifth. We discovered proof of securities fraud and concluded Introax was a Ponzi scheme.
On January thirty first Jharol Smith, a serial promoter of Ponzi schemes, introduced Introax has stopped paying.
In his video Smith claims the Telegram used to coordinate Introax funding has additionally shut down.
Smith paperwork participation in fraudulent funding schemes on Financial institution of Jharol, with the intention of recruiting others below him.
Smith, a resident of Maryland within the US, isn’t registered with the SEC.