Elysium Capital has received a securities fraud warning from Estonia’s Financial Supervisory Authority (FSA).
According to the FSA, Elysium Capital
does not hold an activity licence for the provision of investment services in Estonia and therefore ELYSIUM CAPITAL is not authorised to provide investment services in Estonia.
The FSA is Estonia’s top financial regulator. Its warning constitutes confirmation of securities fraud.
As
noted by BehindMLM reader “Herr D”
, since the crackdown Elysium Capital has scrubbed its Estonia address from its websites.
Elysium Capital’s website now shows an address in Sweden.
Elysium Capital is part of
Elysium Network
, an MLM company run by Fred Pascal Stege.
Neither Elysium Network, Elysium Capital or Stege are registered to offer securities in any jurisdiction.
🤖 Quick Answer
What warning did Estonia's Financial Supervisory Authority issue regarding Elysium Capital?
Estonia's FSA issued a securities fraud warning against Elysium Capital, confirming the company lacks proper authorization to provide investment services in Estonia. The company operates without a valid activity licence from Estonian regulators, making it illegal for the entity to conduct investment operations within the country's jurisdiction.
Why did Elysium Capital remove its Estonia address from its websites?
Following the FSA's securities fraud warning and subsequent regulatory crackdown, Elysium Capital removed its Estonia address from its websites to obscure its operations. The company subsequently listed a Swedish address instead, effectively attempting to distance itself from regulatory scrutiny in Estonia.
What is the connection between Elysium Capital and Elysium Network?
Elysium Capital operates as part of Elysium Network, an MLM company controlled by Fred Pascal Stege
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