Russia’s Forex self-regulatory organization Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) earlier today updated its “Black List” of investment companies that show signs of financial pyramids.
The latest addition to the “Black List” is Delston Capital Group (https://delston-capital.com/), a Dominica-based company promising lucrative returns in exchange for investment in any of its numerous schemes, as well as binary options trading.
CRFIN notes that the company is promising artificially high returns (up to 4.98% per week), as well as a partnership program pledging hefty gains for attracting new clients.
The business structure lacks the necessary transparency to prove that the returns of existing investors are not paid from the money of new investors, CRFIN adds.
Furthermore, the website of Delston shows no information on any licenses, but the company is providing services to clients in countries that require having such regulatory permissions.
After the addition of Delston, CRFIN’s “Black List” now features 47 entries. The organization warns that dealing with any of these entities can lead to a loss of investments.
To view the full “Black List”, click here.
To view the official announcement by CRFIN, click here.