FINMA issues warning about SwissCoin

Swisscoin ReviewHas someone tried to pitch you the SwissCoin opportunity lately?

SwissCoin is a really popular and new opportunity that is making it’s rounds on social media among network marketers. However, there have been reports that FINMA has added SwissCoin to their watch list.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my SwissCoin review so you can learn the full truth about it!

Is SwissCoin a scam?

Is it SwissCoin really under investigation?

Let me show you in my review of SwissCoin.

Read on for all the details.

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Recently added to FINMA’s Watch List: SwissCoin

The Swiss financial regulator, FINMA have recently added SwissCoin to their list of companies to be wary of.

According to their own website, it is FINMA’s “mandate to supervise banks, insurance companies, exchanges, securities dealers, collective investment schemes and their assed managers and fund management companies”

In an update of their warning list on the 30th of September, 2016, FINMA added SwissCoin.

There are two ways in which is it deemed necessary to add a company to this list;

  1. FINMA have begun an investigation into a company that they suspect to be fraudulent. If the company is unwilling to co-operate with the investigation by providing the requested documentation then it is added to the list
  2. Upon initial investigation, if FINMA officials believe that there is an imminent and considerable threat to investors, then it will be immediately place on the list.

SwissCoin, itself, is a notorious ponzi scheme that was launched in the beginning of 2016. It is one of many companies that offer investors the chance to purchase their own branded crypto-currency (called swisscoins in this case) with the promise that this currency will soon become worth far more and provide a healthy return. The problem with this idea is that until a currency is accepted on an exchange outside of internal company mechanisms, then it is completely worthless to anyone that isn’t a part of the company. Even to affiliates it only remains worth something as long as another affiliate is willing to purchase it from you, in which case you are simply shifting the problem along to someone else. At some point people stand to lose out a lot, with SwissCoin admins being the only ones to benefit.

There was a compensation plan attached to the purchase of SwissCoins too, one that functioned as a Ponzi scheme with affiliates supposedly receiving returns on their investments that were generated by the subsequent investments being made by newly recruited affiliates. This structure of compensation plan will always ultimately leave the vast majority of investors without any chance of making back their initial investment, let alone any profit, and so are tightly monitored by the authorities to prevent people being conned.

The action by the Swiss regulator backs up the notion that this is yet another fraudulent Ponzi-scheme based company, and it follows similar action that was taken by Stiftung Warentest, a German consumer protection group, back in August of 2016.

If you currently have any investments in SwissCoin, this will likely serve as another blow to the company. Unfortunately you have become involved in a scheme that is facing a lot of problems, and you would be advised to get in touch with your local financial regulator to see if they can provide any assistance.

I hope you got all the details you needed to make an informed decision in this Swisscoin Review.

Bears of anyone trying to sell you something in their review articles.

If you do want to proceed with Swisscoin, make sure you know how to market properly.

My FREE training below will help you.

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