Eaconomy has received a securities fraud warning from the Czech National Bank (CNB).

As per the
CNB’s November 11th, 2024 warning
;

The Czech National Bank draws the public’s attention to investment offers through the Eaconomy project from Eaconomy LLC, which does not have any license to provide investment services or any other license to operate on the financial market in the Czech Republic.

The business model of the Eaconomy investment project shows signs of a pyramid scheme and is offered to the public mainly through various people on social networks (financial influencers).

Any investment is not legally insured or otherwise protected.

As per Czech law, offering securities to Czech residents without registration is illegal.

In addition to Czechia, Eaconomy has received regulatory fraud warnings in
Quebec
(Canada),
Norway
,
New Zealand
,
Slovakia
and
the UK
.

Eaconomy is an AI trading bot MLM company run by US resident Hassan Mahmoud (right).

BehindMLM 
last reviewed Eaconomy in 2021
, noting both securities and pyramid fraud concerns.

Eaconomy markets two monthly subscription memberships … the primary difference between the two options is the automated trading bot, renamed “Aithena”.

Aithena is available through Elite Pro only. Supposedly Elite Pro is not available in the US.

Outside the US Eaconomy is committing securities fraud in every jurisdiction Elite Pro subscriptions are being sold.

Today Eaconomy markets two memberships on its website; Eminus and Manara.

Eminus offers “trade ideas”. Manara is an AI grift, again offering trade ideas. No pricing is provided.

The CFTC previously 
fined Mahmoud $75,000 for commodities fraud
 in 2019.

SimilarWeb tracked ~222,000 monthly visits to Eaconomy’s website as of October 2024.

Top sources of Eaconomy website traffic are currently the UK (48%), Poland (12%), Colombia (8%), the US (7%) and the Philippines (6%).

Eaconomy is not registered to offer securities in any of these jurisdictions.

🤖 Quick Answer

What is the Eaconomy securities fraud warning from Czechia?
The Czech National Bank (CNB) issued a securities fraud warning on November 11, 2024, regarding Eaconomy LLC. The CNB stated that Eaconomy holds no license to provide investment services or operate on the Czech financial market, and its business model exhibits characteristics consistent with a pyramid scheme.

Why did the Czech National Bank warn about Eaconomy?
The CNB identified that Eaconomy's investment project displayed signs of a pyramid scheme and was being promoted to the public primarily through financial influencers on social media platforms. The entity lacked any regulatory authorization to offer investment services or conduct financial market operations within the Czech Republic.

Is Eaconomy licensed to operate in the Czech Republic?
No. According to the Czech National Bank's official warning, Eaconomy LLC does not

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