Austria’s Financial Market Authority has issued a public investor warning pertaining to Wantage One.
Wantage One
, a Ponzi scheme in its own right, is a spinoff of Antony Norman’s
Wellmont Capital
linked scams.
The Financial Market Authority (FMA) is is Austria’s top financial regulator.
As per the
FMA’s November 13th warning
, Wantage One
is not entitled to perform banking transactions requiring a license in Austria.
Therefore, the provider (Wantage One) is not permitted to accept third-party funds for administration or as a deposit.
Although worded differently, the FMA’s warning is a securities fraud cease and desist equivalent.
Neither Wantage One or any of Antony Norman’s other companies are registered to offer securities anywhere in the world.
Update 30th November 2019 –
Wantage One claims it has
filed an appeal
against the FMA’s securities fraud notice.
🤖 Quick Answer
What is Wantage One according to Austria's Financial Market Authority?Wantage One is a Ponzi scheme spinoff linked to Antony Norman's Wellmont Capital scams. Austria's Financial Market Authority issued a public investor warning on November 13th, prohibiting the company from performing licensed banking transactions and accepting third-party funds for administration or deposit purposes.
Why did Austria's FMA issue a warning against Wantage One?
The Financial Market Authority warned that Wantage One lacks authorization to perform banking transactions requiring a license in Austria and is not permitted to accept third-party funds. The warning functions as a securities fraud cease and desist order, as Wantage One and related companies are unregistered to offer securities globally.
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