The Truth Behind Eternity Business
Added: (Sat Sep 02 2023)
Pressbox (Press Release) -
Eternity Business operates as a trading platform, offering a variety of services in this domain. Within its offerings, there are four different trading packages available, giving you the flexibility to choose between monthly or annual payouts. These packages promise potential returns of up to 5% per month or a remarkable 84% annually, depending on your preferences. However, the practicality of realizing such profits, especially in conjunction with weekly payouts, raises doubts. The introduction of these remarkably high returns reflects a traditional strategy used by Ponzi schemes to attract potential investors.
Eternity's Alleged Licenses
Eternity Business frequently emphasizes being regulated by various financial authorities within and outside the EU. For example, they claim to be regulated by institutions like the FCA (United Kingdom) and FINMA (Switzerland). However, these claims can be quickly debunked by consulting the registers of the mentioned authorities. Notably, the need for an FCA license is reinforced by their product sales in the United Kingdom, while a corresponding BaFin license should accompany their product sales in Germany - both of which are conspicuously absent. Even Stiftung Warentest has added them to their warning list. Meanwhile, BaFin is also investigating the company. The Eternity cosmos also includes the Danvel Group, a company claiming licenses from CySec (Cyprus), FSC (Republic of Mauritius), and FIU (Estonia), but these claims are equally baseless. The absence of licenses underscores their illegitimacy.
What to Do If You Are Affected?
It is highly advisable to seek guidance from both a legal professional and your local law enforcement to address the situation and consider taking legal action against the fraudsters. Unfortunately, the chances of recovering your money from such fraudulent schemes are generally low. Particularly, investors who joined later are more susceptible to losing their entire invested amount due to the inherent nature of Ponzi schemes. It is crucial to immediately cease all communication with the fraudsters and under no circumstances send them any further funds. It is wise to preserve any evidence you have related to the fraudulent activities, as the scammers may attempt to tamper with or destroy evidence. You should also consider pursuing legal action against the person who recruited you, as you may have claims for damages against them.
For more information, visit: https://bized.mba/eternity-business-is-a-scam-in-the-making/