SageMaster investment scheme has received a fraud warning from Finland’s Financial Supervisory Authority.
SageMaster, as “SageMaster TechHost WorldWide Inc”, was added to the
FSA’s unauthorized service provider warning list
on November 26th, 2025.
The FIN-FSA has cause to suspect that company provides investment services with financial instruments both in Finland and on a cross-border basis without appropriate authorisation.
Offering investment services without registration is a violation of Finnish financial law (securities fraud).
SageMaster
is a fraudulent investment scheme offered through
Be Club
, an MLM pyramid scheme.
Be Club and SageMaster are
operated out of Dubai
by co-founders Monir, Moynul (Moyn) and Ehsaan Islam.
Monir and Moynul are former
OneCoin
Ponzi promoters.
In addition to Finland, Be Club fraud warnings have been issued by
Quebec
(2020),
Colombia
(2022),
Norway
(2023),
Uruguay
(2023),
the Philippines
(2023),
New Zealand
(2024),
Ontario
(2025),
Luxembourg
(2025) and
Austria
(2025).
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 October 2025, SimilarWeb was tracking ~8,900 monthly visits to Be Club’s website. Top sources of Be Club website traffic are Italy (88%) and Greece (8%).
SimilarWeb tracked ~53,200 monthly SageMaster website visits over the same period. Top sources of SageMaster website traffic are Italy (51%), Japan (24%) and Norway (5%).
🤖 Quick Answer
What is SageMaster and why has it received a fraud warning?SageMaster, operating as "SageMaster TechHost WorldWide Inc," is a fraudulent investment scheme offered through Be Club, a multilevel marketing pyramid scheme. On November 26, 2025, Finland's Financial Supervisory Authority (FIN-FSA) added SageMaster to its unauthorized service provider warning list for offering investment services without appropriate authorisation, violating Finnish financial law.
Who operates Be Club and SageMaster?
Be Club and SageMaster are operated out of Dubai by co-founders Monir, Moynul (Moyn), and Ehsaan Islam. Monir and Moynul are former promoters of OneCoin, a well-documented Ponzi scheme. Their involvement in prior fraudulent ventures raises significant concerns regarding the legitimacy of their current operations
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