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GiraCoin has been warned about securities fraud by Spain’s Comision Nacional del Mercado de Valores.

GiraCoin and Gira Financial Group AG are under investigation by the CNMV, according to a notice issued on February 7th:

“These companies are not authorized to offer the investing services outlined in Article 140 of the Spanish Securities Markets Act.”

In other jurisdictions, this is analogous to a securities fraud warning.

The CNMV’s GiraCoin warning is strange, given that the company appears to be dead.

GiraCoin’s business concept revolved around the purchase of GiraCoin Ponzi points.

GiraCoin solicited investment across €50 to €111,111 packages.

I suspected a reboot that drew the CNMV’s attention, but I couldn’t confirm it.

The company was functioning from “giracoin.com.” That domain is no longer active.

The CNMV’s fraud notification mentions GiraCoin, which operates from “girauno.com.” According to Alexa traffic rankings for that domain, what’s left of GiraCoin has collapsed (5.5 million+).

A review of GiraCoin’s social media channels reveals that the company’s official Facebook page was deactivated in June 2019.

GiraCoin’s official Twitter account was deactivated in March 2018.

The most recent post on GiraCoin’s Facebook page refers visitors to a freshly formed Telegram group.

Perhaps GiraCoin marketing is currently taking place in that location.

I also noticed “Tramac SA,” which appears to be a GiraCoin 2020 rebranding attempt on YouTube.

There is a legitimate Tramac SA mining company, but it has nothing to do with GiraCoin. As far as I know, GiraCoin’s Tramac SA rebranding failed.

GiraCoin, by whatever name it is known, is a defunct Ponzi scheme full of bagholders. If you sign up now, you’ll almost certainly be accepted.

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