Billions Trade Club has received a fraud warning from Mexico.

As per a June 19th FaceBook post by CONDUSEF;

Billions Trade Club is not a financial entity regulated or supervised by CONDUSEF.

It is not registered in our financial Services Provider Registration System (SPIRES), so it does not have the status of financial entity authorized to offer investments or financial services in Mexico.

By failing to register its passive returns investment scheme with CONDUSEF, Billions Trade Club commits securities fraud in Mexico.

Billions Trade Club
is run by a former executive of the
Smart Business Corp
Ponzi scheme.

Officially Billions Trade Club operates through Quantum Leap Company LLC, a shell company registered in St. Vincent and the Grenadines. CEO Jorge Rodriguez however runs Billions Trade Club from within Mexico.

In its response to CONDUSEF’s warning, Billions Trade Club sought to gaslight the regulator by denying the company illegally solicited investment in Mexico.

In light of this notice, it is IMPORTANT to make it clear that Quantum Leap Company LLC does not offer services or products that involve resource acquisition through the Mexican Financial System.

We appreciate this publication and validate the recommendations issued by the CONDUSEF in Mexico.

We reiterate to the public that Quantum Leap Company LLC, whose trademark is Billions Trade Club, is not a regulated or supervised financial entity in that country and has not used expressions or performed activities reserved for regulated financial entities in Mexico.

Billions Trade Club solicits investment in tether (USDT). This is done on the promise of up to 9% a month.

As of May 2024, SimilarWeb tracked 59% of Billions Trade Club’s website traffic originating from Mexico.

Instead of pointing this out, CONDUSEF responded to Billions Trade Club’s gaslighting by treating them as a regular consumer.

In light of confirming Billions Trade Club operates illegally in Mexico, its primary source of recruitment, why Mexican authorities don’t round up Rodriguez and his accomplices remains unclear.

Update 25th July 2024 – 
Billions Trade Club has
collapsed
.

🤖 Quick Answer

What is Billions Trade Club according to CONDUSEF's fraud warning?
Billions Trade Club is an unregulated investment scheme that lacks authorization from Mexico's financial authority CONDUSEF. Operating through Quantum Leap Company LLC, a shell entity registered in Saint Vincent and the Grenadines, it illegally offers passive returns investment products without proper registration in Mexico's financial services system.

Why did CONDUSEF issue a fraud warning against Billions Trade Club?
CONDUSEF issued the warning because Billions Trade Club operates as an unregistered financial entity offering investment services without authorization. The company commits securities fraud by failing to register its passive returns investment scheme with Mexico's regulatory authority, violating financial services regulations.

Who operates Billions Trade Club according to the warning?
Billions Trade Club is managed by CEO Jorge Rodriguez and operated through Quantum Leap Company LLC, a shell company incorporated in Saint Vincent and the Grenadines

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