International Securities & Commodities Alerts Network (I-SCAN) - Suspected Ponzi and pyramid scheme WEWE Global or The Blockchain Era promoting LYOPAY
| Warning ID: | 34619 |
|---|---|
| National Competent Authority (NCA): | New Zealand - Financial Markets Authority |
| Date Published At IOSCO: | 2024-10-04 |
| Last Updated: | 2024-10-04 |
| NCA URL: | https://www.fma.govt.nz/library/unregistered-businesses/wewe-global-and-lyopay/ |
| Commercial Name: | Suspected Ponzi and pyramid scheme WEWE Global or The Blockchain Era promoting LYOPAY |
| Category: | Unregistered/Unlicensed entity offering financial products or services |
| Additional Information: | FMA are aware that WEWE Global (also known as The Blockchain Era) and LYOPAY are offering crypto currency products and services via webinars and public event in New Zealand. We note they are not registered on the Financial Service Providers Register or regulated for providing their services and products to New Zealand retail clients, as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and Financial Markets Conduct Act 2013. We recommend exercising caution when dealing with these entities. Entity name:WEWE Global (also known as The Blockchain Era);and LYOPAY Websites: tbe.io; myblockchainid.io; Ifi.io; cloudminting.co; wewe.global; bit.ly/wewelink;lyopay.com; lyowallet.com; lyobanq.com; lyotrade.com; lyomerchant.com; lyopay.pro; lyotravel.com; lyotechlabs.comor lyoswapbot; t.me/lyoswapbot; lyocredit.io. |
