Laetitutde and Swapoo are being coy about issues affecting investor wallets and lively investments.

As per a “Laetitude Information” replace on August thirteenth;

In the previous couple of days you might have obtained one or two emails from Swapoo which additionally have an effect on our Laetitude members.

As Swapoo and Laetitude nonetheless have a really shut partnership, we will be sure that these adjustments is not going to have an effect on your Laetitude accounts. Laetitude will proceed to run as earlier than.

Swapoo’s changes will have an effect on the pockets and the bots. However we all know that wherever there are challenges and doorways shut, new doorways will open that permit the chance for higher than earlier than.

Swapoo is just adapting to an ever-changing regulatory panorama and market situations.

Particulars of the emails despatched out usually are not disclosed. I haven’t seen any examples within the wild.

As to “ever-changing regulatory landscapes”, Laetitude is a Ponzi scheme run via Swapoo.

David El Dib runs Laetitude from Dubai, the MLM rip-off capital of the world. Swapoo is run by Dave Martin from the Philippines.

Each El Dib and Martin each made a reputation for themselves in BitClub Community.

An investigation by the DOJ confirmed BitClub Community was a $722 million greenback Ponzi scheme. BitClub Community’s founders have been arrested in 2019.

By way of Laetitude and Swapoo, El Dib and Martin commit securities fraud and run their very own Ponzi scheme.

There’s nothing new about securities regulation. Any nation with a monetary market has been regulating securities fraud for many years.

In a followup “Laetitude Information” replace, dated August twenty sixth, the Ponzi scheme introduced an answer to dropping Swapoo wallets;

As you may be conscious, Laetitude is not utilizing Swapoo for safe pockets companies and thus, we’ve got just lately launched performance permitting you to fund, buy and withdraw straight inside Laetitude.

With this in thoughts, we want to encourage you to login and withdraw your stability at your earliest comfort and to proceed to withdraw your stability out of your compensation earnings as they develop.

Laetitude doesn’t have the two-factor authentication safety that Swapoo has, so it’s crucial that you simply preserve your account safe with a really robust password.

Once more, what’s going on behind the scenes will not be disclosed.

The one breadcrumb I managed to search out was a query two weeks in the past on Swapoo’s newest Instagram put up:

Swapoo hasn’t made any new social media posts since their final July thirtieth put up. Laetitude’s final FaceBook web page put up was additionally on this date.

Site visitors to each Laetitude and Swapoo is non-existent, suggesting the Ponzi scheme is working out of funds to pay investor withdrawals.

The Philippine SEC is likely one of the extra lively securities regulators on the market. Whether or not they have one thing to do with Swapoo’s issues nonetheless is unclear.

No matter is happening, shutting down wallets and unexpectedly setting them up as unsecured in home belongings is irregular.

Pending any additional developments, keep tuned…