Founded around August 2021, Validus was promoted as a global educational trading company with a network marketing compensation plan. The company sold educational packages on topics like financial markets and cryptocurrency, which were tied to investment schemes promising weekly returns of 2-3%. Led by individuals like Howard Friend, Parwiz Daud, and Mansour Tawafi, the company experienced rapid global growth. However, it was widely accused of operating as a large-scale Ponzi scheme, leading to numerous warnings from financial regulators worldwide and culminating in the arrest of its key figures in 2023.

Founded in

Singapore