EvoRich has received a securities fraud warning from Latvia’s Financial and Capital Market Commission.
As per the FCMC’s March 9th warning, EvoRich
and its representatives do not have the right to invite residents to invest without appropriate permission.
This is the equivalent of a securities fraud notice in other jurisdictions.
In addition to EvoRich itself, the FCMC specifically identifies
‘the activities of Evorich Latvija on the social network Facebook’
.
The FCMC’s warning states:
In case of loss or suspicion of fraud, please contact the State Police.
EvoRich
is a spinoff of
Skyway Capital
. The crypto Ponzi scheme is run by Andrey Khovratov, a former Skyway executive .
🤖 Quick Answer
What is the EvoRich securities fraud warning issued by Latvia?Latvia's Financial and Capital Market Commission issued a March 9th warning against EvoRich, prohibiting the company and its representatives from soliciting investments without proper authorization. The warning specifically addresses EvoRich Latvija's Facebook activities, equivalent to securities fraud notices in other jurisdictions. Fraud victims are instructed to contact State Police.
Who operates EvoRich and what is its connection to previous schemes?
EvoRich is operated by Andrey Khovratov, a former Skyway Capital executive. The company functions as a spinoff of Skyway Capital, a cryptocurrency Ponzi scheme. Khovratov's involvement links EvoRich to the earlier fraudulent investment operation, continuing similar deceptive practices under a new entity name.
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