Fintoch has received a securities fraud warning from Alberta, Canada.

The Alberta Securities Commission added CryptoProgram to its 
Investment Caution List
 on July 10th.

The ASC advises that any companies added to its Investment Caution List

are not registered with the ASC and that appear to be engaging in activities that either require registration under Alberta securities laws or may be investment scams.

This is the equivalent of a securities fraud warning in other jurisdictions.

Fintoch
was a Boris CEO Ponzi scheme fronted by US citizens Mike Provenzano and Joel Fry.

Following a fraud warning from the
Monetary Authority of Singapore
, Fintoch
collapsed
in late May 2023.

Fintoch’s exit-scam saw the company tout an “FTC Chain” reload scam. The exit-scam completed in late June, culminating in Fintoch
disabling its original website domain
.

Fintoch’s more gullible investors continue to be strung along through FTC Chain. Fintoch’s FTC Chain reload scam is the target of the ASC’s fraud warning.

The ASC is the second financial regulator to issue a Fintoch fraud warning post-collapse. Malaysia’s Securities Commission also
added Fintoch to its Investor Alert List
on June 8th.

Update 18th August 2023 – 
Fintoch is trying to reboot as
Standard Cross Finance
.

🤖 Quick Answer

What is Fintoch and why did it receive a securities fraud warning from Alberta, Canada?
Fintoch was a fraudulent cryptocurrency scheme operating as a Ponzi scheme managed by US citizens Mike Provenzano and Joel Fry under Boris CEO leadership. The Alberta Securities Commission added it to its Investment Caution List on July 10th, identifying it as an unregistered entity engaging in investment scam activities requiring regulatory registration under Alberta securities laws.

What happened to Fintoch after the Singapore warning?
Following a securities fraud warning from the Monetary Authority of Singapore, Fintoch collapsed in late May 2023. The company subsequently launched an exit-scam promoting "FTC Chain" as a reload scam, which concluded in late June 2023, completing the fraudulent operation's closure.

🔗 Related Articles

- Fintoch collapses, “William Thompson” outed as Joel Fry
- Qwidex securities fraud warning from Australia
- Beonbit Review: Boris CEO MLM crypto Ponzi
- LeftCoins Review: Boris CEO MLM crypto Ponzi
- Bavarsis Review: Arbitrage ruse Boris CEO Ponzi scheme