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The Russian Central Bank has issued a pyramid fraud notice to ZetBull.

ZetBull displays “evidence of a financial pyramid,” according to the CBR’s May 17th warning.
ZetBull debuted late last year and promises up to 6500 percent returns.
ZetBull is a Boris CEO Ponzi scam that was originally led by Russian actors.
Traffic to ZetBull has dropped dramatically in recent months:

ZetBull’s website had traffic from Egypt, Saudi Arabia, and Russia when BehindMLM examined it in September 2021.
Scammers have subsequently moved on to France (21 percent), Kazakhstan (16 percent), Romania (7 percent), Argentina (6 percent), and Cote d’Ivoire (6 percent) (4 percent ).
It’s worth noting that traffic from France is down 55% month over month. Romania has dropped by 29%.
Investor complaints on ZetBull’s social media indicate that the Ponzi scheme ended in March 2022:

Given that the fraudsters behind ZetBull are based in Russia and appear to have avoided becoming too large there, Russian authorities are unlikely to take any more action.

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