Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator.

In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC.

As per
Bafin’s January 22nd, 2025 warning
;

The financial regulator 
BaFin
 warns against offers from Cermak 
LLC
.

According to 
BaFin
 ‘s findings, the company offers banking transactions and/or financial services without a license on its 
website skainetsystems.com. The company is not supervised by 
BaFin
.

BaFin further warns its investigation into Skainet Systems and Cermak is ongoing.

BaFin’s Skainet Systems fraud warning coincides with
increased withdrawal restrictions and limitations
.

Skainet Systems
is an MLM trading ruse Ponzi run by Michael Baur (aka Micha Baur).

Baur is a German national and serial fraudster
hiding out in Dubai
.

As of December 2024, SimilarWeb tracked top sources of Skainet Systems’ website traffic as the UAE (26%), Italy (24%), Germany (15%), Vietnam (15%) and Sweden (10%).

Outside of the UAE (Dubai), Skainet Systems’ website traffic plummeted by as much as 84% month on month.

🤖 Quick Answer

What is the BaFin securities fraud warning against Skainet Systems?
On January 22, 2025, Germany's financial regulator BaFin issued a formal warning against Skainet Systems and its purported parent entity Cermak LLC, stating that the company offers banking transactions and financial services without the required license and is not supervised by BaFin. The investigation remains ongoing.

Who operates Skainet Systems?
Skainet Systems is operated by Michael Baur, also known as Micha Baur, a German national. The platform has been identified as a multi-level marketing trading scheme structured as a Ponzi operation, utilizing the shell company Cermak LLC as its purported parent entity.

Why did BaFin warn consumers about Skainet Systems?
BaFin determined that Skainet Systems, operating through the website

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