File a Complaint Against
Cloud Genesis Enterprise
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Caution Investors Cloud Genesis Enterprise – Unlicensed Entity – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
If you are looking for a reliable and trustworthy financial institution, you might want to steer clear of Cloud Genesis Enterprise. This entity claims to be a regulated financial institution based in Malta, but the truth is far from that. In fact, the Malta Financial Services Authority (MFSA) has issued a warning against this entity, stating that it is neither registered nor licensed in Malta and that it is operating illegally.
Regulation and Compliance: MFSA Issues Warning
The MFSA is the single regulator of financial services in Malta, and its main objective is to protect consumers and investors from fraud and malpractice. The MFSA also ensures that financial institutions comply with the relevant laws and regulations, such as the Financial Institutions Act and the Virtual Financial Assets Act.
On 29 October 2023, the MFSA published a warning on its website, alerting the public that Cloud Genesis Enterprise is an unlicensed entity that is not authorised to provide any investment services or other financial services in Malta. The MFSA also stated that Cloud Genesis Enterprise does not operate from an address in Malta, as it claims, but rather from an unknown location. The MFSA advised the public to refrain from dealing with this entity and to report any suspicious activity to the MFSA or the police.
Customer Reviews:
As expected, Cloud Genesis Enterprise has received many negative reviews from customers who have fallen victim to its scam. Some of the common complaints include:
– Being pressured to deposit large amounts of money without receiving any proof of transactions or contracts
– Being promised high returns on investments that are too good to be true
– Being unable to withdraw funds or contact customer service
– Being threatened with legal action or harassment if they try to cancel their accounts or expose the scam
Some customers have also reported that Cloud Genesis Enterprise uses fake testimonials and reviews on its website and social media platforms, as well as fake endorsements from celebrities and authorities, to lure unsuspecting customers.
Products and Services:
Cloud Genesis Enterprise claims to offer a variety of products and services, such as:
– Forex trading
– Cryptocurrency trading
– Binary options trading
– Asset management
– Wealth management
– Financial consulting
However, these products and services are nothing but a facade to deceive customers into depositing their money. Cloud Genesis Enterprise does not have any legitimate trading platforms or software, nor does it have any qualified or experienced staff. It simply uses automated bots and algorithms to manipulate the market prices and generate fake profits or losses for its customers.
Location:
Cloud Genesis Enterprise claims to have its headquarters at the 2nd Floor, Tower Business Centre, Tower Street, Swatar BKR4013 Malta. However, this address is false and does not belong to Cloud Genesis Enterprise. The MFSA has confirmed that Cloud Genesis Enterprise does not operate from any address in Malta and that its actual location is unknown.
Customer Service:
Cloud Genesis Enterprise has very poor customer service if any at all. Customers who try to contact Cloud Genesis Enterprise via phone, email, or live chat are either ignored or met with rude and unprofessional responses. Customers who request to withdraw their funds or cancel their accounts are either denied or delayed indefinitely. Customers who question the legitimacy of Cloud Genesis Enterprise or expose its scam are either threatened or harassed by its agents.
Conclusion:
Cloud Genesis Enterprise is a scam that should be avoided at all costs. It is not a regulated or licensed financial institution in Malta, and it does not provide any genuine or legal financial services. It is a fraudulent entity that operates illegally and dishonestly, exploiting customers’ trust and money. The MFSA has warned the public against dealing with this entity and urged them to report any suspicious activity. If you are looking for a reputable and reliable financial institution in Malta, you should look elsewhere.
