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View Full Version : Botswana Slams EurexTrade Ponzi and more with Mmegi news front-page report



kschang
04-14-2013, 02:14 PM
Thanks to a fellow scambuster in Botswana Consumer Watchdog (http://consumerwatchdogbw.blogspot.com/) we have reports how Botswana may be cracking down on this "Forex" scam:

Mmegi Online :: The mystery behind EurexTrade (http://www.mmegi.bw/index.php?sid=1&aid=519&dir=2013/April/Friday12)

Mmegi Online :: How the scam works (http://www.mmegi.bw/index.php?sid=1&aid=520&dir=2013/April/Friday12)

Mmegi Online :: Matambo defends Ponzi scheme (http://www.mmegi.bw/index.php?sid=1&aid=516&dir=2013/April/Friday12)

Former Player
04-14-2013, 06:24 PM
That is scary. There might be some financing of terrorism going on here. Where there is smoke, there is fire. With all the gun running, terrorism is likely the end result.

NikSam
04-14-2013, 07:09 PM
They got it wrong.
Vanagels and Gorin are only nominated director / incorporation agent
of thousands offshore companies.

How the nominee trick works | International Consortium of Investigative Journalists (http://www.icij.org/offshore/how-nominee-trick-done)

That is not first time someone who do not understand that most offshore companies are anonymous and assume the nominated director is actually behind activities of that company. Same mistake was done with Profitable Sunrise.


There are more than a hundred of offshore incorporation agencies in Riga.
And that the way it is done some russian or anybody from east europe can just walk in and in less than an hour leave with a corporation
and several bank accounts.

You do not even need to file a new one. They already have thousands on the list, just pick. Do not like the name - change it.

kschang
04-14-2013, 11:06 PM
Oh, I know. Go to the Consumer Watchdog and let them know they're wrong. :) Still, it's worth something that they dug it up.

Fat City, LA
04-15-2013, 05:24 PM
It closed overnight after 700 days. i@ that time in a hyip monitor I saw a comment about the amount of $ Botswana ministers had in.