An FMA
investigation into Tycoon69
has lead to the company’s collapse in Switzerland.

As per
an email sent out by the Vischer law firm
, Tycoon69 has declared bankruptcy.

As per the FMA’s investigation, the regulator found

Tycoon69 AG does not have the licence required for its business activities (and) the subsequent granting of the necessary licence is out of consideration.

Presumably this is because
Tycoon69 is a Ponzi scheme
.

The FMA also expressed concern regarding the “indebtedness of Tycoon69 AG”.

Whether this refers to investor ROI liabilities or other debts is unclear.

In any event, rather than challenge the FMA Tycoon69 “discontinued” business activities on or around June 19th.

This is the date the FMA initiated bankruptcy proceedings against the company.

Vischer has been appointed by the FMA to serve as bankruptcy liquidator. As part of those duties the law firm is accepting claims against Tycoon69 from victims.

Claims (with evidence) are to be submitted in writing to Vischer by July 31st @

VISCHER AG

“Tycoon69 AG i.L.”

Schützengasse 1

P.O. Box

8021 Zurich

Switzerland

At the time of publication Tycoon69’s website is still up and advertising “high income potential”.

Alexa traffic estimates show a collapse in late 2019, although there is still some interest from Latvia (76% of Tycoon69’s website traffic).

A Swiss address is provided in the footer of Tycoon69’s website. Whether the address is still active is unclear.

Despite collapsing and being put into bankruptcy by the FMA,
posts on CEO Stefan Hostettler’s Facebook page
suggest Tycoon69 is still holding marketing events.

Pending any further updates, stay tuned…

🤖 Quick Answer

What triggered Tycoon69's collapse in Switzerland?
An FMA investigation revealed that Tycoon69 AG operated without the required business license and was suspected of operating as a Ponzi scheme. The regulator deemed license renewal impossible, prompting the company to discontinue operations in June and subsequently declare bankruptcy through formal proceedings.

Why did the FMA deny Tycoon69's operating license?
The FMA investigation found that Tycoon69 AG lacked the necessary authorization for its business activities. The regulator also identified concerns regarding the company's indebtedness and suspected Ponzi scheme operations, making license granting impossible under Swiss regulatory standards.

When did Tycoon69 officially cease operations?
Tycoon69 discontinued its business activities on or around June 19th, the same date the FMA initiated formal bankruptcy proceedings against the company. This action followed the regulator

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