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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Uncategorized

FOIN – Evolution for Generations to Come

FOIN – Evolution for Generations to Come
04/05/2018

Dear Valued Partners, Members & Users:

One: FOIN Global Launching

The excitement has begun! FOIN was officially revealed in Dubai on 1st of May 2018 to mark the beginning of our FOIN Global Launching events. Other events in May include Taichung, Taiwan and Kuala Lumpur, Malaysia. More events are already being planned throughout the year and all these upcoming events will be announced accordingly.

Two: Global Branding of FOIN

As part of the global branding strategy for FOIN, a new partnership was entered between Financial.org with Techeetah Formula E Team last week. In a 3-year partnership, hundreds of millions of fans and audiences around the world will get to see the “FOIN” and the “Financial” logos on Techeetah Racing Car, Drivers’ Suits, and other relevant sponsor areas of the team starting from Qatar Airways Paris E-Prix last weekend.

Three: Early FOIN Adopters Reward

In an effort to honor and thank our loyal members as well as FOIN early adopters, the management has decided to reward every member who activates his/her FOIN Wallet before 30th of June 2018. Members who have placed a total of USD10,000 worth of FOIA and activated their FOIN Wallet by setting up the Wallet PIN and login to their FOIN Wallet before 30th of June 2018 will each receive 0.5 FOIN as “Early Adopters Reward”.

All members (who have placed a total of USD10,000 worth of FOIA) who had activated their wallet prior to this announcement, would have received this “Early Adopters Reward” in their FOIN Wallet. Please login to your FOIN Wallet to check your FOIN reward.

Note: Only eligible for members who have placed a total of USD10,000 worth of FOIA when activating the FOIN Wallet.

Four: FOIN Wallet Access

FOIN Wallet can now be accessed through both Online Account (1.9 FOINS) and Mobile Apps. The management suggest that members download our Mobile Apps and access their FOIN Wallet through Financial.org Mobile Apps.

Getting used to Mobile Apps can only benefit our members over time. More and more features and merchants’ integrations will be introduced to our users’ community and most of these new features will only be made available in Mobile Apps and NOT via online access in the future.

Five: FOIN utilization for FOIA Placement

The management would like to announce that FOIN will be accepted as a medium of transaction for FOIA Placement effective 1st June 2018.

This is the 1st step to provide the opportunity for our early FOIN Adopters who had subscribe to their FOIN Subscription Quotas in April and May, to realize their profits. However, we discourage early adopters to use up or sell all their FOIN because the price of FOIN is increasing every single day for the next 10 years. If you let go of your FOIN now, you can only buy it back later at a higher price which translates to economic and opportunity loss.

Six: FOIA & FOIN Promotion Incentive

There is no better way to celebrate the Grand Launching of FOIN than to offer FOIN Incentives to our loyal members. The value of FOIN appreciates every single day, therefore, this reward is meant for long term asset appreciation for our members.

For a single placement (in one placement) of FOIA, FOIN will be rewarded according to the table below:
Single FOIA Placement value in USD FOIN Incentive
$50,000 25
$100,000 60
$250,000 200

On behalf of the management, I thank you for your continued support and commitment to Financial.org Education Platform, FOINS Financial Blockchain System and FOIN. The journey of FOIN has begun. Early adopters always have extra financial benefits along the way; the stability and potential of this asset class will continue to present itself for the next 10 years!

FOIN – Invest with Confidence for Generations to Come!
Reminder: Any copying, republication or redistribution of this news including re-posting on Social Networking Sites or any other personal use without the consent of the management are strictly prohibited. Members found to break this circular may risk suspension and expulsion.

Uncategorized

Financial.org – A Big March Ahead

01/03/2018

A Big March Ahead

March has been traditionally a big month for Financial.org. Our Pioneering Financial Education Platform started in March. Our best products were introduced and launched in March. The next big step we take towards the globalization of our Financial Education Platform will be happening in March as well!

Just to recap:

  • Financial.org was soft-launched in several countries in March 2016. It has been exactly two very-successful years since Auto-Trading Placement-A (ATPA) was introduced.
  • Auto-Trading Placement Cash (ATPC) was introduced exactly a year ago in March 2017. The excellent response by members on ATPC had led to the development of the current FOIA Placement structure that is warmly acceptable and adaptable by everyone today.

March 2018 promises to be even more Interesting and Rewarding!

1st of all,FOIN wallet will be soft-launched. In fact, in all honesty, we plan to soft-launch FOIN wallet today, 1st of March 2018. But at the last minute, we have decided to conduct another few rounds of stress-testing as a Blockchain System does not allow a rollback if a mistake is made. All records in FOINS ledger cannot be altered. It is a scary scenario on our behalf, as mistakes cannot be erased. Everyone gets to see it. But I suppose for members, users and investors, you welcome this technological breakthrough along with its Transparency and Security. I give you my full assurance that FOIN Wallet will be fully deployed on or before 15th of March 2018. All FOIN entitlement rewards form FOIA Placement promotion will be directly deposited into your FOIN wallet without any mining fees.

2nd of all, the first Formula 1 Race of the Season will take place between 22nd – 25th March 2018 in Melbourne, Australia. FOIN logo will be replacing Financial.org logo on the nose of FW41 Williams Martini Formula 1 Racing Car for the 2018 Season. Not even Bitcoin, Ethereum or Ripples have made it this far. But We Just Did!

3rd of all, I am expected to sign another major sponsorship deal for FOIN and Financial brand as part of our global branding and partnership strategies for 2018, 2019 and 2020.

4th of all, we are expected to start FOIN auctions within FOINS platform solely for Financial.org members after we soft-launch FOIN Wallet. The true value of FOIN will be reflected by real-time daily auction of FOINtokens within the FOINS Community (Financial.org Members).

Last by not least, the second and third stops of our Global Events in 2018 will take place on 17th of March in Vientiane, Laos and 24th & 25th of March in Jakarta, Indonesia. While vital corporate meetings and conferences are scheduled to take place around the same time, I will at least make myself available for one of these events, if not all.

As you can already see, so many milestones will be achieved in this month alone. Bear in mind that this is just our 2nd Anniversary. I am already pondering, what will happen in March 2019 and March 2020. The progress and achievement thus far are already above and beyond what I imagined and expected when we soft-launched Financial.org Education Platform back in March 2016.

There were hundreds of early adopters for Bitcoin, thousands for Ethereum and Ripples. All recent ICOs were struggling to even attract thousands of adopters. FOIN, on the other hand, will start with more than 50,000 early adopters. Can you imagine our potential? The potential is so huge that we have decided to insert a 1% daily price increment cap on FOIN value for the 1st year, 2% daily increment limit for the 2nd year and 3% daily increment limit for the 3rd year.

Sky is the limit for FOIN and Financial.org members. Spring is in the air. Happy Days in MARCH!

 

Arnaud Georges
President – Financial.org

Uncategorized

Introducing FOINS – Financial.org blockchaIN System

FOINS is the abbreviation for Financial.Org blockchaIN System. FOINS is:

  1. a Privately Controlled, Decentralized & Distributed Ledger Technology (Blockchain) Platform;
  2. a blockchain-based Financial and Investment Trading Platform.

FOINS enables Artificial Intelligence (AI) Programmable Smart Contracts to execute profitable trades on selected S&P500 Stocks, major fiat currencies, cryptocurrencies, commodities and other financial products in the future. Blockchain is a digital and decentralized ledger technology that records all transactions without the need for a financial intermediary, such as a bank.

In contrast, Financial.org is a member-based Financial Education Platform. Financial.org is not a Financial Service Provider; thus, unable to provide Financial Services and Products to its members. When/If its members want to trade and invest in financial products and services, they will plug into FOINS. A Financial.org member, after plugging into FOINS, will become an independent investor, investor-broker and investor-trader; an all in one role with total freedom from any centralized regulations.

FOINS allows Financial Service Providers (FSPs) and users (members of Financial.org) to plug into a common blockchain platform to trade, transact and invest in financial products and services. Similar to most blockchain platforms around the world, FOINS is independent, free from influence of any governments and centralized regulatory interference. The direction and decision of FOINS will be made solely by the power of people who utilize this blockchain platform.

Objectives

  1. Create a secure A.I. Programmable Smart Contract Platform for financial trading, transaction and investment based on Blockchain Technology for the benefits of its community (users);
  2. Build value for its cryptocurrency token, FOIN. The future value of FOIN will be a good indication of the level of wealth and resources available to FOINSplatform and its community.

FOIN –Token Allocation:

50% – FOIA Placement Account Holders/ FOINS community (users)

50% – FOINS as capital reserve and future expansion

Token Information:

Name: Financial.Org CoIN

Symbol: FOIN

Decimals: 6

Tokens Available to Users:50 million (maximum)

Tokens Reserved by FOINS: 50 Million (minimum)

Total Tokens Available after Mining Completed (Hard Cap): 100 Million

Pre-mining Period:
1st January 2018 – mid 2019 (estimated) or until all 100million FOINS are mined.

Speed of Mining:
Depends on profitable blocks of daily Artificial Intelligence(AI) Auto-Trading(AT) and completion of Programmable Smart Contract Blocks within FOINS ecosystem.

Token Price during pre-mining:
Users to decide from daily auction. (to be launched)

Token Price appreciation after Mining Completed:
A complex algorithm depends on the number of profitable AT Blocks achieved, Programmable Smart Contract Blocks completed, the number of Financial Transactions completed as well as community and global (probably/when applicable) demand and supply.

Will token be available to/in external cryptocurrency exchanges?
FOIN Community/Users to decide the amount to be made available to the public (if any) after all FOIN are mined (estimated mid 2019).

When FOINS is fully developed and operational, users-community will be able to transact, invest and trade securely all within the blockchain engine environment without any external interference or restriction.

Blockchain may sound like a very high tech and bombastic word with very complicated structure, definition and implementation for most people to understand. We define Blockchain as a NEW & MORE SECURE TECHNOLOGY that EMPOWERS PEOPLE/USERS. This technology is more secure because every single transaction and event is recorded, stored and almost impossible to be altered. This technology is notgoverned by one person, one company, one corporate body, a board of directors or even any government enforcement agencies; it is decided by the power of people who utilize this blockchain platform/technology.

Pioneers users of FOINS community (basically all Financial.org members) are further rewarded with its wealth creator cryptocurrency called FOIN. As a whole, FOIN will be rewarded to users who make FOIA Placements. More FOIA Placements will lead to greater Profitable AI-AT Blocks to be achieved. Profitable Blocks expedite FOIN mining and its price increment, thereafter.

Even though FOINS only rewards FOIN to higher net-worth users at the initial stage, FOIN‘Great Opportunity’ will eventually (stage by stage) be shared with and open to every Financial.org – FOINS user – community.

Putting things into perspective, Financial.org is an independent financial education platform that focuses on membership growth. Financial.org is NOT a Financial Service Provider, and thus, it is not restricted by any Financial Laws and Regulations, locally nationally and internationally.

FOINS is a privately controlled, decentralized A.I. Programmable Smart Contract Blockchain Platform that allows its users to transact, invest and perform profitable financial trades. It is a Blockchain platform, similar to Bitcoin, Ethereum, Ripple and many others which are also free of any Financial Regulatory Framework and Enforcement.

When Financial.org members plug into FOINS platform, market realizations take place. This convenient marriage brings a WIN-WIN situation for Financial.org Education Platform in conjunction with Financial.org Members and FOINS. Such a clear and distinct separation, between Financial.org and FOINS will spearhead the growth of both platforms as well as FOINfor years to come.

Summary:

FOINS, an A.I. Programmable Smart Contract Platform, is the new blockchain powered market-place for users to trade, transact and invest financial products and services without having to worry about any government interventions, centralized regulations, and restrictions.

Sky is the limit for Financial.org, FOINS and FOIN.

# Despite all the privacy advantages offered by a Blockchain powered platform, users-community are strictly advised to report their profitable income to their national tax authority. Tax non-compliance is a crime is EVERY country.

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