CDMA warns about fraudulent activities of a website which promises high income by trading in stock market

Owners of the channel and the group attract money of the population supposedly for investing in the securities of large international companies through the unique.finance site.

At the same time, they guarantee a stable and high income, as well as additional bonuses from attracting subsequent new members.

The size of bonuses for attracting new members may exceed the amount of income allegedly received as a result of investing in securities.

For example, a participant is promised a one-time payment of $1,000 when attracting three new participants with entrance fees of $5,000, as well as 5% of the potential income of new participants brought by him.

For persuasiveness, potential participants are shown the unique.finance website, the content of which largely consists of information and educational material in the field of the capital market, as well as information on online training.

When you make the required minimum amount ($5,000) and register on the site, the participant is provided with false information about his purchase of a block of shares of the company selected from the list, as well as about the automatic implementation of speculative bidding with the participation of his shares on international stock exchanges.

During the study, the Agency revealed a number of signs of a financial pyramid in the activities of the above site, telegram channel and group. Moreover, it was established that this website is included in the register of “financial pyramids” by the supervisory authorities of several countries.

It was also revealed that the above site does not carry out operations on the stock markets with client securities, but imitates the presence of a block of shares and the bidding process.

In order to protect the rights of citizens and suppress possible manifestations of facts of causing property damage to citizens, the Agency transferred materials from the above sources for consideration to the law enforcement bodies of the republic.

The Agency warns citizens that the above site, telegram channel and group are a pyramid scheme and are not connected with the sale and purchase of securities on the capital markets, they are in no way connected with the activities of the Capital Market Development Agency of Uzbekistan.