Spain's financial watchdog has slapped Nimbus Platform and its supposed rebranding as Syncord with a fraud warning, accusing both operations of running unauthorized investment schemes without a single required license.
The Comision Nacional del Mercado de Valores issued the warning on January 13th, 2025, laying out exactly what these operations have no business doing: providing investment services, handling foreign currency transactions, running collective investment schemes, or offering crypto-asset services. All of it requires authorization. None of it was obtained.
This marks the second time Spanish authorities have publicly called out Nimbus Platform. The first warning came in November 2020, just months after the platform launched. The fact that a second warning was necessary speaks volumes about the operation's persistence despite official scrutiny.
The scheme's mastermind, Andrea Zanon, was arrested in late 2023. Spanish authorities charged him with aggravated fraud, participation in organized crime, falsifying documents, and money laundering. The alleged damage: 112 million euros stolen from investors. Zanon had been the public face of the operation until he vanished, cycling through a series of replacement representatives. One of those replacements, Patricio Pozzi, disappeared around the time of Zanon's arrest.
Since Zanon's arrest, there have been no public updates on his case.
In November 2024, eleven months after Zanon's detention, the remnants of Nimbus Platform announced a rebrand under the name Syncord. The move appeared designed to escape the taint of the original name. But the transition never really happened.
As of December 2024, Nimbus Platform's website still operates under its original branding, actively recruiting new investors with promises of 60% annual returns through NFT investments. Similar Web data shows roughly 3,200 monthly visits to the site. Nearly all of that traffic originates from Spain, with only 1% coming from India.
The operation continues targeting Spanish investors despite multiple official warnings and a pending fraud case against its founder. The rebranding effort to Syncord appears to have quietly stalled, leaving investors who believed they were moving to a new platform still dealing with the same discredited name.
🤖 Quick Answer
What is the Nimbus Platform and Syncord fraud warning from Spain?Spain's Comisión Nacional del Mercado de Valores (CNMV) issued a fraud warning on January 13, 2025, against Nimbus Platform and its alleged rebrand Syncord. Both entities were cited for providing unauthorized investment services, foreign currency transactions, collective investment schemes, and crypto-asset services without any required regulatory license.
Why did Spanish authorities issue a second warning against Nimbus Platform?
The CNMV first warned against Nimbus Platform in November 2020, shortly after its launch. A second warning became necessary in January 2025 because the operation continued its unauthorized activities under the Syncord rebrand, indicating persistent non-compliance with Spanish financial regulations.
What specific services were Nimbus Platform and Syncord accused of offering without authorization?
According to the CNM
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