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Spain’s Comision Nacional del Mercado de Valores has issued a warning against securities fraud to Mido Finance (CNMV).

According to the CNMV’s notification from December 20th, Mido Finance

is not authorized to offer financial services, such as investment counseling, as defined in Article 140 of the Spanish Securities Markets Act.

In other countries, this would be the equivalent of a securities fraud notice.

The Mido Finance warning from New Zealand was followed by one from the CNMV earlier this month.

Mido Finance was examined by BehindMLM in November 2021. We decided it was a Ponzi scam based on its business approach.

Mido Finance claims to be incorporated in the United Arab Emirates, which is a further cautionary sign.

According to Alexa’s research of website traffic for Mido Finance, the fraud has experienced an increase in visitors recently.

Currently, the top three countries sending visitors to Mido Finance’s website are Vietnam (6%), Egypt (7%), and Colombia (8%).

The small numbers imply that Mido Finance promotion is common.

India Review - Is a Fraud
Ducatus Network & Centurion Global Review - Is a Fraud

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