Full Disclosure, Uncategorized

FOIN=FINANCIAL.ORG EXPOSED AS A TOTAL SCAM

TOP 10 REASONS FOINS BY 

FINANCIAL.ORG IS A BULLSHIT SCAM


FOIN-PIRATES

NUMBERS DON’T LIE, PEOPLE DO

Witness the ultimate magic trick – The disappearance of Millions of Investors Dollars Forcefully Converted from USD to a SHITCOIN no one wants.

1. FOIN PRICE IS IS HIGHER THAN HEAVEN

FOIN was listed in 2 exchanges (Crypto-bridge.org and stex.com) on August 2018, and by the miracle/magic show of the management team, it surpassed all other long running and stable coins like  Ethereum, Litecoin, DASH, Monero, Zcash and went to around USD 1000 and stay that way ever since.

foinprice

How can a completely unknown coin with no market visibility and public recognition gain such high price and become a runner up to bitcoin? Exactly what gives FOINS such high value? No one knows….

foincirculation

The total amount of FOINS in circulation is 90,586,968.8161 (90.58 Million foins), taken from the company’s own website.

That means the total market-cap for FOINS is number of total FOINS 93,938,685,816 x USD 1037 (price of foins) which is a staggering USD 93.938 BILLION USD !

foinmarketcap

To illustrate how ridiculous this is, imagine you’re an architect, but you have been tasked to build a skycrapper starting from the top-floor penthouse first. Does that make sense? With no foundation how will it sustain? Magically hovering in the sky? Just like that, FOIN price is just hovering in the sky.

THE REAL TRUTH  = FOIN PRICE IS SUSTAINED AT 1000 USD BY FAKE BOT TRADING IN MARKET-MAKER EXCHANGER (NOT REAL TRADING)

2. FOIN MARKET CAP IS BIGGER THAN BITCOIN EVEN BEFORE GOING TO MARKET!

PEOPLE WHO ARE OUT OF TOUCH WITH REALITY AND/OR POOR AT MATH BELIEVE THAT FOIN HAS ALREADY BEATEN BITCOIN’S MARKET CAP EVEN BEFORE BEING LAUNCHED

fointard

HOW IS FOINS BIGGER THAN BITCOIN??FOR THIS NUMBER TO MAKE SENSE, EVERYBODY WHO OWNS BITCOIN, XRP, ETHEREUM, EOS, BITCOIN CASH, LITECOIN, TETHER, TRON, AND THE TOP 10 CRYPTOS WOULD NEED TO SELL OFF THEIR ALL COINS TO BUY FOIN INSTEAD.DO YOU THINK THE ENTIRE CRYPTO MARKET IS GOING TO DO THAT? IN WHICH UNIVERSE IS THAT POSSIBLE? ARE YOU THAT DELUSIONAL?? WHAT IF I TOLD YOU THE MOON WAS MADE OUT OF MARSHMALLOWS, WILL YOU BELIEVE THAT THAT TOO??

3. FOIN WHITEPAPER IS PURE GARBAGE

FOINS whitepaper is a meager 20 page pdf talking about the glossary terms, legal disclaimer, broad history and background of bitcoin, and the difference between Proof-of-Work (Mining) and Proof-of-Stake (Buy and Hold), with literally no mention about FOIN’S proprietary technology or All these information is readily available on Wikipedia and there was no need to stuff them in the white paper.

foin-no-correlation

FOIN WHITEPAPER NEVER TALKS ABOUT:

  1. ROADMAP FOR THE FOIN PROJECT
  2. HISTORY OF FOIN – HOW THE MANAGMENT COMPLETELY WHITEWASHED INVESTORS MONEY IN FINANCIAL.ORG AND GAVE THEM FOINS INSTEAD.
  3. WHO ARE THE BOARD OF DIRECTORS OF THE FOIN PROJECT AND WHAT ARE THEIR CREDENTIALS TO CONTRIBUTE TO FOINS?
  4. HOW MANAGEMENT IS GOING TO SUSTAIN THE PRICE AT $1000 OR EVEN $2000. 
  5. WHAT IS THE ACTUAL PROOF BEHIND THE CLAIM OF FOIN BEIN THE “DE FACTO” CURRENCY OF THE FINANCIAL SECTOR AND WALLSTREET?
  6. WHO ARE THE EARLY ADOPTERS WHO ARE BUYING FOINS? LITERALLY NO ONE IN THE OPEN MARKET KNOWS WHAT FOIN IS OR WILL EVER SEE THE NEED TO BUY FOINS
  7. HOW MUCH OF MEMBERS INVESTMENT WAS SIPHONED AND CONVERTED INTO FOINS
  8. WHICH BIG EXCHANGER THEY WILL BE LISTING IN
  9. FOIN CANNOT LIST IN THE BIG EXCHANGERS WITH BIG VOLUME BECAUSE THAT REQUIRES BIGGER BUDGET AND FOIN MGMT ARE CHEAP BASTARDS.
  10. FUNDING GOALS AND HOW THEY PLAN TO USE INVESTORS FUND

4. IF EVERYONE WHO HOLDS FOIN MIGRATED TO EXCHANGER, FOIN WILL ONLY BE WORTH LESS THAN 3 CENT!

  1. Only With 224k USD daily trading volume (200 foins) in external market compared to 5 Billion usd for bitcoin
  2. 99.99975% of FOINS still being held hostage by FO internal wallet.
  3. imagine what would happen when all the foins are “migrated” to external wallet and finally hitting the open market???
  4. The answer is simple, everyone would be very happy to sell their foins in the market based on external price (i.e. USD 1,000 or USD 1,500) at that point in time. BUT!!!! What everyone forgot to question is, WHO IS GOING TO BUY THE FOINS?
  5. With very little to no one is likely going to buy the foins knowing that the market is overflowed with supply.
  6. Desperation will quickly follow and the foin holders will start to reduce to selling to price to a lower amount, contenting themselves of the money they out the get out of the sale.
  7. One seller after another will follow suit, and you will see the foins dwindling down the exchanger order book very quickly until eventually the coin is dumped. Such instances has happen in many ICO’s and schemes as most of the tokens issued by the respective companies / management do not carry any value proposition. In the crypto-world, it’s called “dump”.
  8. One may argue that foins holders will be “HODLING” (i.e. hold for long term price appreciation) to support the market price. However, contrary to your believe, there are going to be very little of those hodlers as most of them who owns foins now are having it because their investments in USD or other
  9. REAL cryptocurrencies were forcefully converted to foins without due notice by the FO management, not once but TWICE (once during FOIA and another during FIA programmes).
  10. So putting yourself in these victims’ shoes, what do you think these people will DO? Simple, EXIT at the earliest available opportunity and we are back to square one, DUMP.

Nevertheless, giving foins the benefit of doubt, we have taken foins up against bitcoin in a “like-for-like” trading situations and these how the results fare:-

BC_Logo_BITCOIN

Poop_Emoji_7b204f05-eec6-4496-91b1-351acc03d2c7_largeFOIN
Supposed Price $ 3600 $ 1088
Supply 17.5 Million 90.5 million
24H Volume USD 5,088,246,871 224,206
24H Volume Coin 1469760 BTC 204.2 FOINS
Normalized Price : $ 3600 $ 0.029

As usual, with the lack of information from FO, we have used the bitcoin’s comparative data to derive the TRUE value of FOINS:

FORMULA TO FIND ACTUAL MARKET VALUE OF FOIN BY FACTORING CIRCULATING SUPPLY AND MARKET CAP:

normalized-foin-formula

normalized-foin-price

 

ACTUAL NORMALIZED VALUE OF FOINS = $ 0.029 
I.E. WORTHLESS

* Since we don’t know the market-cap of foin scam coin, we use the 24hr volume instead

  1. ANYONE WITH A REASONABLE MATHEMATICAL SENSE WOULD BE ABLE TO DERIVE THE ABOVE. SO FOR THOSE OF YOU WHO ARE STILL THINKING FOINS IS GOING TO THE MOON, ALL THE BEST TO YOU!!!
  2. ECONOMICS 101 – Demand and Supply. Always remember, in trade, for a price of an item to be sustainable consistently, whether high or low, there must a balance in the supply and demand of the item.
  3. Lack of balance will result in the price being over-valued or under-valued. Hence, when the correction happens, a lot of people will be hurt in the process. As such, for crypto, when such correction happens (i.e. price drop), the value proposition and intrinsic value of the coin would help sustain the hit and eventually gear itself for the next bull run.
  4. You can witness this by the bitcoin bull and bear cycles. By now, you should already be aware of the lack of substance in foins. So, you can only imagine the impact of the correction due to over-supply.

5. THE TWO EXCHANGERS LISTING FOINS ARE KNOWN TO LIST SCAM COINS FOR THEIR PROFIT

“CryptoBridge and STEX are for-profit companies providing market-maker or robot trading services”

These exchangers charge a listing fee of 3-7 btc and also offer market-maker trading bot services for new coin scammers to list their coins.

crypto-bridge-foin

Everyday 20-25 FOINS is being sold and bought by Robots in these 2 exchangers to give the illusion of real trading, but they are just run by scheduled Robots. ROBOT GENERATED TRADING (same volume, not changing daily)

stex-foin-trading

crypto-bridge-foin-trading

PROOF STEX PROVIDE BOT TRADING :

stex-market-maker

PROOF CRYPTO-BRIDGE PROVIDES BOT / MARKET MAKER TRADING:

crypto-bridge-market-maker-services

Source : https://crypto-bridge.org/market-maker-program/

Ask yourself why would anyone buy or sell foins the exact same amount everyday for the past 6 months. The quantity is not growing or reducing but maintained the same. That’s the reason why FOINS cannot go into more famous exchanger because there will be real traders there that can crash the price, that’s why they are sticking to these two small exchangers.

6. FOIN TRADING VOLUME IS TOTAL DOGSHIT

The volume of trades for FOINS is only USD 224K in the total market. That means out of the 90 million FOIN that has been created, only 224 foins (per FOIN IS 1000 usd) is circulating in the markets? Is this a joke? This is an extremely puny amount for a company that boasts to have 300,000 Members worldwide.

This means a single investor with 200 foins can total disrupt and crash the market price just because the trading volume is so low.

FOIN-MARKET-CAPBITCOIN-MARKET-CAP

7. FOIN = PURELY VIRTUAL WITH NO LEGAL/PHYSICAL ENTITY

The company behind FOINS, Formerly known as Financial.org has closed down all offices, and is not a legally registered entity and the websites only show faceless generic names of their so called management team with no credentials. This means they can completely cease operations and stop payments, and not have to be answerable to any authority

foin-mgmt

The company doesn’t exists and they have since closed down whatever offices they had in UK, UAE, AND HONG KONG, All to prepare for the great final escape. However these are the 3 front men of financial.org / foin

WANTED : MISSING FROM PUBLIC

pierre-bron-financialorgPIERRE BRON arnaud-george-financialorgARNAUD GEORGES brendon-secary-financialorgBRANDON SECARY

These are the original management of Financial.org. They are now missing from public appearances.

8. FOINS.GLOBAL / FINANCIAL.ORG WEBSITE HASN’T BEEN UPDATED SINCE MAY/JUNE 2018

This is when FOIN held their last big gala event, in Malaysia and Singapore. Ever since the management has been silent in promoting new events.

foins.global

The last time financial.org conducted a big scale event it was in the middle of 2018. This was shortly before the time they dropped the bombshell and converted everyone’s dollar money into worthless FOINS which only worth few cents.

Subsequent events were done in much smaller scale with little to no publicity.

9. MANAGEMENT BOASTS 300,000 FOINS USERS, BUT LESS THAN 3000 MEMBERS ON TELEGRAM, AND MORE THAN HALF ARE NON MEMBERS 

JUST LOOK AT THIS COMMUNITY OF INVESTORS TOO DELUDED TO REALIZE THEY HAVE BEEN SCAMMED, EACH THINKING THEY HAVE EXLUSIVE TICKETS ON THE NEXT ROCKETSHIP TO THE MOON :

telegram-foin

10. FOIN PRESIDENT, MR ARNAUD GEORGES WAS DIRECTOR OF VGMC, ANOTHER MASSIVE SCAM.

The president of Financial.org was also the front man for another scam company that shut down in 2014, called Virgin Gold Mining Corporation. In a similar way, all investors money was converted to worthless stocks which later suffered a massive plunge, and hundreds of millions of investors funds we lost in the similar way.

VIRGINGOLD
Arnaud George and Bogdan Raduca use to own VGMC gold which also converted millions of investors funds into worthless shares to avoid paying their capital

Source : https://scam-financial.org/

In concluding this post, I wish to stress upon the fact that this post WAS NOT written out of personal vendetta against the company nor the management (this is how likely how the management would brush off negatives news as in the past). This post is from a concerned netizen who has had enough with these scammers scamming people around the globe over and over again through many platforms and spoiling the livelihood of common man. Now with the easy of internet to disseminate information, please make this go viral and educate the common people who are blinded by the company and loyal leaders of the Company.

Everyone needs to step up and questions their leaders and the Company to ensure justice is served. Lastly, please take this seriously and ensure your next investments are made after proper, sound research. In the era of internet, everything and anything can be forged, including identities. Similarly, information is abundant online for us to find them and read.

BE A SAVVY INVESTOR AND NOT LET THESE BLOODSUCKERS SUCK THE SOUL OUT OF US.

FINAL VERDICT: FOIN IS CERTIFIABLY SCAM

FOINS-SCAM-ALERT

SOURCES:

3) Monetary Authority of Singapore –  http://www.mas.gov.sg/IAL.aspx?sc_p=F
4) Securities Commission of Philippines – http://www.sec.gov.ph/financial-org/

 

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Full Disclosure, Uncategorized

Beware of Bogus sabotage site scam-financial.org

The website scam-financial.org is started by a ex-member of financial.org who refuses to reveal their identity and is spreading malicious lies about the company due to misunderstanding with their leaders

 

SCAM-FINANCIAL.ORG

BEWARE OF SUCH SITES THAT ARE TRYING TO MAKE MONEY BASED ON SABOTAGE, BLACKMAILING, OR Clickbait peddlers. The management of financial.org, through their frequent members announcement have made it very clear that they refuse to negotiate with these saboteurs, as acknowledging or submitting to their cheap tactics will not benefit anyone including members, and so GET YOUR NEWS FROM A RELIABLE SITE regarding Financial.org like finquest.org, instead of Clickbait sites like scam-financial.org

Full Disclosure

Financial.org official statement on Reuters news post

Commenting on Reuters Exclusive News on Financial.org
12/01/2018

Dear Valued Members:

The management would like to bring your attention to a recent news article regarding Financial.org. The article was published by Reuters on the 10th of January 2018, for the UK readers. For the past 36 hours, we have received hundreds of enquiries, comments, suggestions and feedbacks from members all over. In general, most members were somehow upset or confused by certain parts of the article and have strongly requested for Financial.org to comment and clarify on some of the misconceptions and misrepresentations as reported in this news article.

After due consideration, it was decided that we will address and response to members enquiries regarding the Reuters news article and other news related issues collectively so that any misconceptions or misrepresentations that may arise among members will put to rest.

Please note that, for the ease of understanding and referencing:
All statements, comments and remarks made by Financial.org management are written in BLUE font;

All Reuters Article Transcripts are quoted in BLACK font.

We would like to warn all members that comments and responses provided below are strictly for Financial.org members usage only. Copying, reproduction, modification, distribution, display or transmission of any of the contents of this presentation, as well as any other articles, news and announcements made or published exclusively by Financial.org, for any purpose, is strictly prohibited without prior written authorization from Financial.org. Legal action will be taken against any members who violate Financial.org Membership Terms of Use and privacy policies.

In preparing for the responses/comments below, we took the liberty to highlight a few key points that form the principle and guideline of our responses/comments, specifically:

  1. The TRUTH, nothing but the TRUTH; all answers, statements and remarks are provided in a clear, truthful and transparent manner.
  2. That our responses/comments do not represent any 3rd party views quoted in this news article. The responses/comments consist solely of our corporate view.
  3. That our response/comments have no intention to discredit any persons/parties related to this Reuters news article.
  4. That to our knowledge, this Reuters Exclusive News Article has not been written/published with any malicious intent towards Financial.org, our sister’s corporations, our holding company, our partners and affiliates.
  5. That any misrepresentations in the news article is not intentional but may be due to lack of information, cooperation, comments and feedbacks, from the relevant parties including Financial.org.

 

January 10, 2018

Exclusive: Unregulated British firm draws Asian investors

LONDON/ABU DHABI (Reuters) – Financial.org, a UK company that describes itself as an education business and sponsors a Formula One team, is managing hundreds of thousands of dollars for Asian investors even though it is not licensed to engage in financial transactions, according to 17 people who say they have invested through the firm.

Financial.org’s Responses/Comments:

  1. Financial.org is NOT a UK Company. Having a Member Services office in UK in 2016 and 2017 doesn’t make us a UK Company.
  2. There are plenty of non-UK European companies that operate their support centres, customer services or representative offices in the UK for human resources and logistical reasons; Financial.org is one of them.
  3. It is absolutely correct that Financial.org is an educational platform and a partner of a Formula One team.
  4. Financial.org has always made it clear to our members as well as the general public that “Financial.org is NOT a Financial Service Provider or Financial Intermediaries”.
  5. All investments are handled by partners-Financial Service Providers (FSP) and payment are made through 3rd party Payment Processors.

 

The 17 people, from China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and the UAE, told Reuters they had each given between $3,000 and $400,000 to Financial.org to invest.

“I have doubled my investments,” said Azmi Tumpang, a former construction worker from Malaysia outside a gala dinner organized by Financial.org on the sidelines of the Abu Dhabi Grand Prix in late November.

Most of the people said their money had been invested in U.S. blue-chip stocks and that they had made a profit. Reuters was unable to verify whether the share transactions took place.

Financial.org’s Responses/Comments:

  1. Our members transfer funds directly via 3rd Party Payment Processors when they want to invest their money with our partners-FSP in US Blue Chips. People don’t actually invest through Financial.orgFinancial.org is NOT a Financial Intermediary. We DO NOT receive or accept funds in any amount from any clients/members for the purpose of investment. We provide financial literacy by educating our members on how and what to invest and members support services.
  2. However, some members may have felt that they are investing with Financial.org because they were exposed to investing S&P500 corporations through our educational programs. With regards to the misconception that arose among some of our members, we had previously released a few internal memos to clarify thatFinancial.org is NOT a FSP and all their investments were done directly with partners-FSP. Even in our president’s 2018 New Year Eve Speech recently, this subject was addressed loud and clear that Financial.org is not a Financial Service Providers(FSP) but merely a bridge between members with partners-FSP.
  3. It is also possible that members who were interviewed during Financial.org Gala Dinner in conjunction with Abu Dhabi F1 Grand Prix Event in November 2017 might have provided inaccurate context of their investment structure to the reporter(s). It is also possible that language barrier that exist between members who attended the event from several foreign countries and the English-speaking reporter(s) may have created miscommunications, misconceptions or misunderstandings between what was said and what is reported in this Reuters news article.
  4. It is VERY TRUE that many of our members who invested in US Blue Chips since early 2016 had profited a lot of money.
  5. It is also VERY TRUE that many members have increased their investments, some up to hundreds of thousand of USD as they see the potential of the S&P500 Stocks recommended by Financial.org.
  6. It shows that we have provided quality and spot-on Financial Education to our members and that our members trust our partners-FSP.

 

Financial.org is not on a publicly available list of companies authorized and regulated by Britain’s financial regulator, the Financial Conduct Authority (FCA), to buy and sell stocks or bonds for clients. Offering investment services without regulatory permission is a criminal offence in Britain.

Financial.org’s Responses/Comments:

  1. Financial.org is NOT a company but a Financial Education Platform.
  2. Financial.org Education Platform is NOT based in Great Britain.
  3. Thus, Financial.org does not fall under FCA regulations and enforcement.
  4. For the record, there are no investment services ever being offered to any person/client in Britain or outside the UK from any of our current or previous offices in Britain.
  5. Our legal department is very aware of Financial Laws in the UK. We will not and have not committed any criminal offence in Great Britain.

 

Financial.org, which has an office in London’s Canary Wharf, declined to comment on whether it acted as an investment firm.

Financial.org’s Responses/Comments:

  1. We did not decline to comment if we acted as an investment firm, instead we declined to comment on all the questions raised by Reuters because all those questions are not legally relevant in the UK and have no implications on Financial.org worldwide operations.
  2. Our legal representative in the UK also advised us not to comment on any news articles as it has no basis of legality in the UK and our worldwide operations.

 

The company signed up two years ago with the UK’s official company register as a real estate business, according to filings. The UK registrar of companies, Companies House, said it was preparing to strike off the firm on Jan. 23 because it had never filed accounts. If a company is struck off, it cannot continue to trade legally and its assets pass to the state.

Financial.org’s Responses/Comments:

  1. Based on the Questionnaires that Reuters send to us on 8th of January 2018, we know that “The Company” above refers to “Mythen Ltd”. “Mythen” is a real estate company that enters into a Sub-Underlease agreement with “Skadden Arps Slate Meagher & Flom (UK) LLP” for the office space on 26th Floor, 40 Bank Street, Canary Wharf.
  2. Financial.org rent this office from “Mythen” to operate our “Member Services Office” in 2016 and 2017. It is quite obvious that this Reuters news article has mistakenly assumed that “Mythen Ltd” is related to or is part of “Financial.org”.
  3. The lease for this office only expire on 31st December 2022.
  4. Since most of our members are from Asia and this Member Services Office is under-utilised for 2016 and 2017, we had decided to convert it into our corporate office from 2018.
  5. For the record, our relationship with “Mythen” is purely as on a “landlord” basis. We have no say or stake-holding interest in “Mythen Ltd” and we cannot comment on their accounting and filling with the UK Authorities.

 

UK-registered companies must by law be authorized and regulated by the FCA if they deal in securities such as shares and bonds for clients, even if the investors are outside Britain. Under FCA rules, this applies both to principals – parties investing on behalf of clients, and agents – firms including brokers that arrange for investments to take place.

Financial.org’s Responses/Comments:

  1. Yes, our legal department and top management is fully aware of this.
  2. Again Financial.org is NOT a UK registered company.

The FCA declined to comment about whether Financial.org was operating illegally.

Financial.org’s Responses/Comments:

  1. Thank you very much. When FCA declined to comment, the truth is rather obvious.
  2. Financial.org is NOT a UK Company and does not fall into FCA jurisdiction of enforcement because we have never offer any securities to UK residents and never offer any securities to any 3rd party from any of our operations in the UK.

 

The regulator has previously warned of the dangers of investing through firms it has not authorized, as no independent checks have been made on their businesses. It said it had received reports of more than 8,000 cases of unauthorized businesses in the last financial year.

Financial.org’s Responses/Comments:

On the 13th of September, 2017 officers from City of London Trading Standards, Metropolitan Police and Financial Conduct Authority (FCA) had spent one and a half hours in our London’s Member Services Office. We had cooperated fully with all official enquiries and it was later confirmed by our legal representative that Financial.org is not under investigation for breaching any Financial regulations in the UK.

On the home page of its website, Financial.org says it is an education platform, providing “financial knowledge and skills”. “We do not deal with securities and receive any financial benefits from financial products and service providers,” it says. However, elsewhere on its site, it also says it “helps members to manage and oversee their investments” and “provides self-directed investors with brokerage services”.

Financial.org’s Responses/Comments:

For educational purposes only, we may provide some live data trading simulation sessions to our members to increase their skills in preparation for the live trading environment. When these self-directed members/investors want to trade and invest, they would actually execute it through the licensed-FSP on their platform.

INVESTOR ALERT

The Monetary Authority of Singapore last March placed Financial.org on an investor alert list of “unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorized by MAS”, its website says. The authority said investors should “exercise caution” when dealing with companies on the list.

Malaysia’s Securities Commission also placed Financial.org on a list of “unauthorized websites/investment products/companies/individuals” last year, according to its website.

The MAS and Malaysian commission both declined to comment on Financial.org and why they had placed it on alert lists.

Financial.org declined to comment on the two regulators’ warnings.

Financial.org’s Responses/Comments:

  1. Similar to MAS and Malaysia Securities Commission (MSC), we decided not to provide any comment to Reuters. Why would Financial.org response to Reuters when two of the most respected regulators in South East Asia also declined to comment.
  2. Indeed, Financial.org is not authorized to offer investments services. Financial.org is NOT a licensed FSP in Malaysia or Singapore, so we are not supervised by the Malaysian Security Commission or Singapore Monetary Authority. Therefore, it is correct that they place us under their “Alert List”. We have no issue to be placed under an “Alert List” because being on the “Alert List” does not mean that our operation is illegal; it merely means that Financial.org is NOT regulated in these two jurisdictions.
  3. Financial.org has been placed in the “Alert List” for more than a year and it DOES NOT affect any part of our operations and membership growth at all. Many reputable foreign FSP that are not locally regulated are also on the “Alert List”.

 

The company has been a sponsor of British Formula One team Williams (WGF1G.DE) since May 2016, and its logo appears on the Williams Mercedes FW38 cars and team strips.


Williams declined to comment.

Financial.org’s Responses/Comments:

  1. It’s rather obvious that none of the reputable enforcement agencies and Williams, a public listed corporation wants to comment to this Reuters news article.
  2. Williams Martini Racing has been a great partner since 2016. We look forward to the 2018 F1 Season and hosting many joint Appreciation Gala Dinners in Shanghai – China, Singapore City – Singapore, Suzuka – Japan and Abu Dhabi – UAE.

Most of the 17 people who spoke to Reuters said they had come into contact with Financial.org through referrals from acquaintances, often via social media. Six said they had received commissions from Financial.org for referring others.

Five of the people detailed how they made investments. They said they deposited money into the bank account of a third party, usually the person who referred them, who then transferred the funds to a Financial.org investment account.

The investors said they accessed their Financial.org account with a members-only area in Financial.org’s website. Thirteen said they had withdrawn money regularly.

Tumpang said he had invested $30,000 through Financial.org over the last two years. Mohamad Mohamed Nordin, another Malaysian investor, said he had invested $400,000.

Vietnamese investor Albert Anthony, a fashion business manager, provided a screenshot of his account page which showed he had invested $100,000. Shella Vinarevi, from Indonesia, said the minimum investment for Financial.org was $3,000, which she had made.

Financial.org’s Responses/Comments:

  1. Members who build their financial network are rewarded by partners-FSP, similar to rewards afforded by Insurance Companies around the world to their agents.
  2. It is true that payments were made to 3rd party payment processors and NOT to Financial.org.
  3. The amount of funds that the above members invest with our partners-FSP show the confidence and the quality of Financial.org Financial Education platform. It is indeed a testimony of our success in the last 2 years.
  4. The fact that some of these investors have withdrawn money regularly proof that Financial.org is working with credible partners-FSP and 3rd party payment processors.
  5. The testimonials of 17 of Financial.org members interviewed by Reuters for the Reuters news article further vindicate Financial.org. All investors interviewed were seemingly very happy with their investments and profits. These are real testimonies given by real investors during their interview with Reuters’ reporter(s). It is rather obvious that the negative news published in the unidentified web portals and social networking sites in the last few months, accusing Financial.org for being associated with a scheme to defraud members/investors are evidently all part of “a Complete Fabrication”

Our Conclusion:


Members need to realize that this news is exclusively for UK readership. The legal aspect covered in this review is specifically for a Financial Service Provider offering financial products and services in the UK, of which Financial.org is NOT. The fact that Financial.org is referred to as a UK Company because the Member Service Office was previously located in Canary Wharf London is misleading and out of context.

We take positive points that all related enforcement agencies and our British Formula 1 partners refused to comment on this “Reuters Exclusive News Article” and all 17 members interviewed for this Reuters news article response in a very positive manner.

Financial.org cannot stop freedom of speech/press/publication. As our Financial Education Platform going mainstream, any news articles or reports on Financial.org, regardless of their perceived validity and reliability, will draw massive attention. Therefore, we asked that members react maturely and learn to differentiate between Fake News, News HEADLINES and True Facts.

On the positive side, all the extra attention on Financial.org concludes one thing. It shows that Financial.org Financial Education Platform is heading in the right direction, making larger footprint every day in providing more people with Applicable Financial Education.

Our entire management team would like to thank all of you for your concern, love and support for Financial.org Education Platform. Some of the feedbacks we received from members were really touching and very supportive.

Regards,
Monsieur Arnaud Georges
President – Financial.org