Kangot has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per the 
CNMV’s December 20th warning
, Kangot

is not authorised to provide the investment services set out in Article 140 of the Spanish Securities Markets Act, which include(s) investment advice.

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

Kangot launched in late 2019 and pitches a 300% ROI.

The company is run by Roberto Gonzales (right), believed to still be a resident of Arizona in the US.

BehindMLM
reviewed Kangot
in April 2020 and, based on its business model, concluded it was a Ponzi scheme.

Alexa traffic analysis suggests Kangot has collapsed. This coincides with Kangot’s official Facebook page being deleted.

The company’s official YouTube and Instagram pages are still up, however both haven’t been updated since early 2020.

Roberto Gonzales has also deleted his previously accessible “Roberto X Gonzalez” FaceBook profile.

Gonzales’ Twitter profile is still up but hasn’t been updated since October 2018.

Although it’s not reflected in Kangot website traffic, Spain’s securities fraud warning suggests Kangot recruitment might have picked up again.

🤖 Quick Answer

What is the Kangot securities fraud warning issued by Spain?
Spain's financial regulator CNMV issued a December 20th warning against Kangot, stating the company lacks authorization to provide investment services under Spanish Securities Markets Act Article 140, including investment advice. This regulatory action constitutes a securities fraud warning equivalent to those issued in other jurisdictions.

Who operates Kangot and what returns does it promise?
Kangot, launched in late 2019, is operated by Roberto Gonzales, reportedly residing in Arizona. The company promotes a 300% return on investment to prospective clients, positioning itself as an investment opportunity.

What assessment did independent analysis make regarding Kangot's structure?
BehindMLM's April 2020 review analyzed Kangot's business model and concluded it operated as a Ponzi scheme, raising significant concerns about its legitimacy and sustainability for investors.

**

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