Be Club has received a securities fraud warning from the Ontario Securities Commission (OSC).
The OSC issued its
Be Club warning
on August 27th, noting company names Be Royal Family Trading and Be Trading Group.
As per the OSC’s warning;
Be Royal Family Trading (formerly Be Trading Group) … is not registered in Ontario to engage in the business of trading in securities.
OSC cites two Be Club LinkTree URLs, one for Be Club itself and one for Sagemaster.
The Be Club LinkTree URL has been scrubbed. Be’s SageMaster LinkTree URL boasts membership with the DSA UAE.
OSC’s Be fraud warning follows a Be Club marketing event held in Ontario in July:
Be, or Be Club, is an
MLM pyramid scheme
committing securities fraud through its
SageMaster offering
.
Be is operated out of Dubai by co-founders Monir, Moynul (Moyn) and Ehsaan Islam.
Monir and Moynul are former OneCoin Ponzi promoters.
In addition to Ontario, Be Club fraud warnings have been issued by
Colombia
(2022),
Norway
(2023),
Uruguay
(2023),
the Philippines
(2023) and
New Zealand
(2024).
In January 2025 Moynul Islam attempted to
downplay Be regulatory fraud warnings
. Moynul claimed it was “very common for most companies to get some level of warning and fines.”
As of July 2025, SimilarWeb was tracking ~5900 monthly visits to Be Club’s website. Top sources of Be Club website traffic are Italy (61%), Colombia (21%) and the US (18%).
SimilarWeb tracked ~42,900 monthly SageMaster website visits over the same period. Top sources of SageMaster website traffic are New Zealand (36%), Italy (27%) and the UAE (13%).
🤖 Quick Answer
What is the Be Club securities fraud warning from Canada?The Ontario Securities Commission (OSC) issued a securities fraud warning against Be Club on August 27th, identifying the entities Be Royal Family Trading and Be Trading Group. The OSC stated these organizations are not registered in Ontario to engage in the business of trading in securities, citing associated LinkTree URLs for Be Club and SageMaster.
Who issued the Be Club fraud warning and why?
The Ontario Securities Commission (OSC), Canada's principal securities regulator for Ontario, issued the warning because Be Royal Family Trading, formerly Be Trading Group, operates without proper securities registration. The warning identified unauthorized trading activities and referenced promotional materials linked to Be Club and its SageMaster offering.
What entities are associated with Be Club according to the OSC warning?
The OSC warning identifies Be Royal Family Trading, formerly known as Be Trading Group, as the primary entities. Additionally, Sag
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