Torexo Finance has received a pyramid scheme warning from the Central Bank of Russia.

As per the
Central Bank’s August 31st warning
, Torexo Finance exhibits “signs of a pyramid scheme”.

BehindMLM
reviewed Torexo Finance
in May 2021.

Analysis of Torexo Finance revealed a typical Boris CEO Ponzi scheme run by scammers fluent in Russian. This points to Russia or the Ukraine.

At the time of our review, Russia accounted for 45% of Torexo Finance’s website traffic. Vietnam and the Ukraine came in second and third at 15% and 11% respectively.

With those early investors standing by to steal money, Torexo Finance recruitment has shifted to Madagascar (33%) and Egypt (18%). Vietnam has slipped to third place at 8%.

🤖 Quick Answer

What is Torexo Finance and what warning has it received?
Torexo Finance is a financial platform that received a pyramid scheme warning from Russia's Central Bank on August 31st. The regulatory authority identified characteristics consistent with pyramid scheme operations, prompting official alerts to investors about its fraudulent nature and associated risks.

Who operates Torexo Finance and where is it based?
Analysis suggests Torexo Finance is operated by scammers fluent in Russian, indicating likely operations from Russia or Ukraine. The scheme exhibits characteristics typical of Ponzi operations managed by individuals with Russian linguistic and cultural backgrounds.

How has Torexo Finance's geographic recruitment pattern changed?
Initial recruitment concentrated in Russia (45%), Vietnam (15%), and Ukraine (11%). Subsequently, the scheme shifted focus to Madagascar (33%) and Egypt (18%), with Vietnam declining to third place at 8%, suggesting geographic expansion to less-regulated markets

🔗 Related Articles

- Sri Lanka issues QNet & MTFE pyramid scheme warning
- Golden Way pyramid fraud warning from Russia
- Arkbit & ABC Holdings securities fraud C&D from Texas
- Bavarsis Review: Arbitrage ruse Boris CEO Ponzi scheme
- ZetBull pyramid fraud warning from Russia