Xaindex has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

As per
ASIC’s January 2nd warning
, Xaindex

is likely to be offering financial services to Australian consumers.

It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee.

Offering securities without registration with ASIC constitutes securities fraud under Australian law.

Xaindex
is a Boris CEO Ponzi scheme fronted by actors.

The scam’s “Master Distributor” is Moscow-based Dil Narzi (aka Mad Deuce, Dill MadDeuce).

In an attempt to appear legitimate, the Russian scammers behind Xaindex hid behind an Australian shell company.

Xaindex Technologies PTY LTD was registered with ASIC on November 30th, 2022.

Xaindex’s marketing claims are what likely prompted ASIC’s warning, albeit
over a year
after Xaindex Technologies PTY LTD was registered.

🤖 Quick Answer

What is the Xaindex securities fraud warning issued by ASIC?
The Australian Securities and Investments Commission (ASIC) issued a warning on January 2nd regarding Xaindex, which operates without proper financial services or credit licences. The company illegally offers securities to Australian consumers, violating Australian law and constituting securities fraud.

Who are the operators behind the Xaindex scam?
Xaindex operates as a Ponzi scheme managed by individuals presenting themselves as legitimate operators. The scam's "Master Distributor" is Moscow-based Dil Narzi, also known as Mad Deuce. Russian operatives established an Australian shell company, Xaindex Technologies PTY LTD, registered with ASIC on November 30th.

What regulatory violations has Xaindex committed?
Xaindex offers financial services and securities to Australian consumers without

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