Tag Markets has received a securities fraud warning from Austria’s Financial Market Authority (FMA).
As per
the FMA’s February 20th Tag Markets fraud warning
;
[Tag Markets] is not authorised to conduct securities transactions in Austria that require a licence, and is not allowed to execute orders on behalf of clients under Article 3 para. 2 no. 6 of the Securities Supervision Act 2018.
In addition to Tag Markets (Tag Markets Ltd), the FMA also cites parent company T.M. Financial Ltd.
Tag Markets is an MLM crypto Ponzi factory. Upon learning
Crowd1 Ponzi victims were being funneled into it
, BehindMLM first came across Tag Markets in October 2025.
Although its associated shell companies are registered in St. Lucia and Mauritius, Tag Markets is run from Dubai by owner Jared Esguerra.
Tag Markets also has purported ties to Colombia, through co-founder and CEO Kevin Marin.
In addition to targeting Crowd1 Ponzi victims, BehindMLM has reviewed
Zeus Funding
and
Exfusion
– both Ponzi schemes are run through Tag Markets.
In addition to Austria,
Russia issued a Tag Markets securities fraud warning
last month.
As of January 2026, SimilarWeb was tracking ~207,000 monthly Tag Markets website visits.
During the same month top sources of Tag Markets website traffic were Germany (64%), India (8%), the Dominican Republic (7%) and the US (6%).
Promotion of Tag Markets and its associated Ponzi schemes in Austria likely spread from Germany. At time of publication German authorities have yet to take action.
🤖 Quick Answer
What is the Tag Markets securities fraud warning from Austria?Austria's Financial Market Authority (FMA) issued a fraud warning on February 20th against Tag Markets (Tag Markets Ltd) and its parent company T.M. Financial Ltd, stating the entity is not authorised to conduct licensed securities transactions in Austria, including executing orders on behalf of clients under the Securities Supervision Act 2018.
Who operates Tag Markets and where is it based?
Tag Markets is operated by owner Jared Esguerra from Dubai, United Arab Emirates. The associated shell companies are registered in St. Lucia and Mauritius. The platform has been identified as an MLM crypto Ponzi factory, reportedly funneling victims from the collapsed Crowd1 Ponzi scheme into its operations.
Why did Austria's FMA issue a warning against Tag Markets?
The FMA determined that Tag Markets lacks authorisation to perform securities transactions requiring
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