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Germany
02 Mar 2015 (11 Years)
Last online: No recent activity
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Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Paraiba World
Company Information
Get to know Paraiba World
Paraiba World, led by CEO Erich Ely, emerged as an online investment platform primarily targeting a global audience. The company claimed to generate profits for its members through unique cryptocurrency trading activities, offering daily returns of approximately 0.3% or more. The business model heavily relied on a multi-level marketing (MLM) system, where members earned commissions for recruiting new investors. The platform operated through its own "Paraiba" crypto asset. Due to its opaque operations, promises of unrealistic returns, and lack of licensing, numerous financial regulators worldwide issued public warnings against the company, identifying it as a probable pyramid or Ponzi scheme. The platform eventually collapsed and attempted a rebrand to "Trillaint," which continued a similar model and also faced widespread warnings before its own collapse.
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