Validus has received a securities fraud warning from Dubai.

As per a
December 22nd alert
from the Dubai Financial Services Authority;

Validus-FZCO is not located in the Dubai International Financial Centre (DIFC).  It is not, and have never been, licenced by the DFSA to provide Financial Services or make Financial Promotions in or from the DIFC.

Additional Validus related entities cited by the DFSA include VMarketing, Team Validus, Vewards and V-Connect.

These brands are not licenced or in any way authorised by the DFSA, and they are not located in the DIFC.

Validus
is a Dubai-based MLM crypto Ponzi scheme.

Running Validus we have former OneCoin Ponzi promoters Parwiz Daud and Mansour Tawafi.

Following regulatory fraud warnings from
New Zealand
,
Australia
and
Belgium
, Validus
collapsed
last April.

Validus abandoned most of its social media profiles in November 2023. Instagram is still active as of December 23rd, but appears to be on marketing autopilot.

As of November 2023, SimilarWeb tracked the majority of Validus website traffic from France (18%), Colombia (12%), India (12%) and Australia (10%).

Total Validus victim numbers and how much they’ve lost remains unknown.

🤖 Quick Answer

What is Validus and why did Dubai's financial authority issue a warning?
Validus is a cryptocurrency-based multilevel marketing scheme operating from Dubai. The Dubai Financial Services Authority issued a December 22nd alert confirming that Validus-FZCO lacks proper licensing and authorization to provide financial services within the Dubai International Financial Centre, despite operating under various brand names.

Who are the operators behind Validus?
Validus is operated by Parwiz Daud and Mansour Tawafi, both former promoters of the OneCoin Ponzi scheme. The organization also operates under related entities including VMarketing, Team Validus, Vewards, and V-Connect, none of which hold regulatory authorization.

Which regulatory authorities have warned about Validus?
Multiple jurisdictions have issued fraud warnings regarding Validus, including regulatory bodies from New Zealand, Australia, Belgium,

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