Warning Investors MabCredit
Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
In the world of finance and investments, it’s crucial to exercise caution and skepticism when considering potential opportunities. Enter MabCredit, a company that touts itself as a provider of diversified income investment services to clients worldwide. According to their claims, MabCredit has been in operation since 2009, headquartered in Wilmington, Delaware, and staffed with experienced professionals who oversee various credit market sectors, including global corporate credit, high-yield bonds, leveraged loans, structured products, emerging markets, and private debt. However, it is imperative to underscore that MabCredit is not what it appears to be; instead, it is an elaborate scam designed to deceive unsuspecting investors. This comprehensive review will delve into the various aspects that expose MabCredit’s true nature.
Regulation and Compliance:
When considering any investment opportunity, regulatory oversight is paramount. Unfortunately, MabCredit falls short in this department. The company operates without any semblance of regulation from a legitimate authority in any jurisdiction. Notably, MabCredit’s website is devoid of critical information concerning its legal status, registration number, license details, or physical address. All that’s provided are an email address and a phone number.
MabCredit claims to have an office at 300 Delaware Avenue, Suite 210, Wilmington, DE 19801, but this is merely a virtual office available for rent by anyone. This raises a red flag, as the company lacks any substantial presence or operations in the United States and is notably not registered with the Securities and Exchange Commission (SEC) or any other state regulator.
The situation is no different on an international scale. MabCredit purports to have offices in London, Hong Kong, and Dubai; however, these addresses are counterfeit and unassociated with the company. They are not authorized by the Financial Conduct Authority (FCA) in the UK, the Securities and Futures Commission (SFC) in Hong Kong, or the Dubai Financial Services Authority (DFSA) in the UAE.
Furthermore, a significant blow to MabCredit’s credibility came in the form of a stern warning from the Dutch Authority for the Financial Markets (AFM) on September 21, 2023. The AFM labeled MabCredit as a “boiler room” operation, cautioning consumers against engaging with the company or transferring funds to it. The AFM also encourages anyone who has been contacted by MabCredit to report their interactions. You can review the warning in detail here: [Link to AFM Warning](https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/mabcredit).
Any potential investor would naturally seek reassurance through customer reviews, but the feedback on MabCredit is overwhelmingly negative. Numerous customers have accused the company of being a scam, a fraudulent operation, and a rip-off. Many have shared harrowing tales of losing their hard-earned money or facing difficulties in withdrawing their funds. To further entice potential investors, MabCredit has resorted to employing fake testimonials, awards, and news articles, all of which have been resoundingly debunked.
Products and Services:
MabCredit presents an enticing array of products and services that supposedly cater to the needs of their clients. These include wealth management, asset management, and trading services across various markets and instruments, such as stocks, bonds, commodities, currencies, indices, and cryptocurrencies. The company also promotes a range of investment plans, each offering different returns and risks:
– Basic Plan: Requires a minimum deposit of $5,000, promises a daily return of 1%, and extends over a duration of 180 days.
– Standard Plan: Mandates a minimum deposit of $10,000, assures a daily return of 1.5%, and spans over 180 days.
– Premium Plan: Calls for a minimum deposit of $25,000, guarantees a daily return of 2%, and runs for 180 days.
– VIP Plan: Demands a minimum deposit of $50,000, pledges a daily return of 2.5%, and lasts for 180 days.
Nevertheless, these investment plans seem too good to be true, and indeed they are. Legitimate investment companies do not and cannot guarantee such extraordinary returns on a daily basis without shouldering substantial risks or operating illegally. MabCredit fails to furnish any credible evidence of its trading performance or portfolio allocation, casting further doubt on the legitimacy of its offerings.
MabCredit’s dubious practices extend to their purported physical presence. In reality, the company operates without a concrete office, relying instead on fictitious addresses and virtual offices to dupe potential investors. This glaring lack of registration and regulation in any jurisdiction confirms that MabCredit is operating in violation of established norms and laws.
Exemplary customer service is the cornerstone of any reputable company, but MabCredit fails to deliver on this front. The company consistently ignores emails and phone calls from its clients and even goes so far as to block or disregard clients who request withdrawals or refunds. Employing aggressive and manipulative sales tactics, MabCredit exerts undue pressure on clients to invest more money or upgrade their existing plans, further compounding the distrust surrounding their operations.
In closing, it is imperative to avoid MabCredit at all costs. This company operates without the essential regulatory oversight required for legitimate investment services and has been rightfully labeled as a “boiler room” by the Dutch Authority for the Financial Markets (AFM). MabCredit’s practices are far from transparent; instead, they aim to siphon funds from unsuspecting clients using fake addresses, testimonials, awards, and news articles. The company lacks integrity and transparency, refusing to provide returns or refunds while actively avoiding client communications. MabCredit is unequivocally a fraudulent enterprise that warrants immediate exposure and reporting.