GiraCoin has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

As per the
CNMV’s February 7th warning
, GiraCoin and Gira Financial Group AG are

not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act.

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

The CNMV’s GiraCoin notice is a bit odd, seeing as the company appears to be dead.

Daily Exposed
reviewed GiraCoin
back in November 2016.

The company was run by GiraCoin Financial Group AG. GiraCoin’s business model centered around investment in GiraCoin Ponzi points.

GiraCoin solicited investment across €50 to €111,111 packages.

I thought perhaps there was a reboot that attracted the CNMV’s attention, but I was unable to confirm.

At the time of Daily Exposed’s GiraCoin review, the company was operating from “giracoin.com”. Today that domain is disabled.

The CNMV’s fraud notice cites GiraCoin operating from “girauno.com”. Alexa traffic rankings to that domain show what’s left of GiraCoin has collapsed (5.5 mill+).

Perusal of GiraCoin’s social media accounts reveal the company’s official FaceBook page was abandoned in June 2019.

GiraCoin’s official Twitter page was abandoned in March 2018.

The last post on GiraCoin’s FaceBook page directs people to a then newly created Telegram group.

Perhaps that’s where GiraCoin promotion is now taking place.

I also noted “Tramac SA”, which appears to be a 2020 rebranding attempt by GiraCoin on YouTube.

There is a legitimate Tramac SA mining company but it has nothing to do with GiraCoin. As far as I can tell, GiraCoin’s Tramac SA rebrand went nowhere.

Whatever it goes by, GiraCoin is a collapsed Ponzi scheme full of bagholders. If you sign up now you’re all but guaranteed to join them.

🤖 Quick Answer

What is the GiraCoin securities fraud warning issued by Spain?
Spain's CNMV (Comisión Nacional del Mercado de Valores) issued a February 7th warning stating that GiraCoin and Gira Financial Group AG lack authorization to provide investment services under Spanish Securities Markets Act Article 140. The warning indicates GiraCoin operated as a Ponzi scheme, soliciting investments in GiraCoin points through packages ranging from €50 to €111,111.

What was GiraCoin's business model?
GiraCoin's business model centered on investment in GiraCoin Ponzi points through tiered investment packages. The company, operated by Gira Financial Group AG, solicited capital from investors across multiple investment tiers, operating characteristics typical of fraudulent investment schemes lacking regulatory authorization.

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