WeWe Global & LyoPay Ponzi fraud warning from NZ
WeWe Global and LyoPay have received a “ponzi and pyramid” fraud warning from New Zealand. As per the Financial Markets Authority’s February 8th warning; FMA are aware that WEWE Global and LYOPAY are offering cryptocurrency products and services via webinars and public event in New Zealand. We note they are not registered on the Financial Service Providers Register or regulated for providing their services and products to New Zealand retail clients, as required by the Financial Service Providers (Registration and Dispute Resolution) Act 2008 Act and Financial Markets Conduct Act 2013. We recommend exercising caution when dealing with these entities. The FMA’s warning cites WeWe Global and LyoPay, operating from the domains: wewe.global lyopay.com lyowallet.com lyobanq.com lyotrade.com lyomerchant.com lyopay.pro lyotravel.com lyotechlabs.com LyoSwapBot (Telegram group) and lyocredit.io We reviewed WeWe Global in July 2021. The first incarnation of the scam revolved around WEWEX Pon...