DigiCoin Markets provides no information about who owns or runs the company on its website.
DigiCoin Markets’ website domain (“digicoinmarkets.com”), was privately registered on August 18th, 2021.
In an attempt to appear legitimate, DigiCoin Markets provides a UK incorporation certificate for “DigiCoinMarkets LTD”.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and
effectively unregulated
. On top of that the FCA, the UK’s top financial regulator,
do not actively regulate MLM related securities fraud
.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
In addition to UK incorporation details, DigiCoin Markets puzzlingly provides an incomplete corporate address in Norway on its website.
On October 21st the Philippine SEC issued a
DigiCoin Markets securities fraud warning
.
As part of the SEC’s investigation, the regulator uncovered DigiCoin Markets
investments shall be deposited/credited to the respective Gcash accounts and Union Bank accounts of Mr. JIM MARK DELOS SANTOS and Mr. RAMIR TULISANA.
These appear to be Philippine nationals, suggesting that, as opposed to the UK or Norway, DigiCoin Markets is being run from the Philippines.
Despite the SEC’s warning and threats of fines and prison time, as of November 2021 Ramir Tulisana is still promoting DigiCoin Markets:
Jim Mark Delos Santos appears to have gone underground.
Despite only existing as of a few months ago, DigiCoin Markets falsely represents it launched in February 2020.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
DigiCoin Markets’ Products
DigiCoin Markets has no retailable products or services.
Affiliates are only able to market DigiCoin Markets affiliate membership itself.
DigiCoin Markets’ Compensation Plan
DigiCoin Markets solicits investment on the promise of advertised returns:
Standard Package – invest $20 to $1000 and receive 5% a day for 30 days
Medium Package – invest $1200 to $7000 and receive 6% a day for 30 days
Professional Package – invest $8000 to $20,000 and receive 7% a day for 30 days
DigiCoin Markets pays referral commissions on funds invested by recruited affiliates.
Referral commissions are paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
DigiCoin Markets caps payable un
🤖 Quick Answer
What is DigiCoin Markets and how does it operate?DigiCoin Markets is an investment platform claiming to offer 7% daily returns through cryptocurrency trading. The company operates as a multi-level marketing scheme, presenting itself as a UK-registered entity while maintaining anonymous ownership and management structures typical of fraudulent investment operations.
Why is DigiCoin Markets' UK registration considered problematic?
UK company incorporation is inexpensive and minimally regulated. The Financial Conduct Authority does not actively monitor MLM-related securities fraud. Consequently, the UK jurisdiction has become popular among scammers establishing fraudulent companies, making UK registration alone an insufficient legitimacy indicator for investment firms.
What transparency issues does DigiCoin Markets present?
The company provides no publicly available information regarding ownership or operational management. Its domain registration was private, and while displaying a UK incorporation certificate for DigiCoinMarkets LTD, these
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