Caution Investors MabCredit – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Overview:
MabCredit is a company that claims to offer diversified income investment services to clients around the world. The company was launched in 2009 in Wilmington, Delaware, and claims to have a team of experienced professionals who manage various credit market sectors, including global corporate credit, high-yield bonds, leveraged loans, structured products, emerging markets, and private debt.
However, MabCredit is not a legitimate investment company, but a scam that targets unsuspecting investors. The company is not regulated by any reputable authority and has been warned by the Dutch Authority for the Financial Markets (AFM) as a boiler room. A boiler room is a fraudulent scheme that uses high-pressure sales tactics to persuade investors to buy worthless or overpriced securities.
Regulation and Compliance:
MabCredit is not regulated by any authority in any jurisdiction. The company does not provide any information about its legal status, registration number, license number or physical address on its website. The only contact details are an email address and a phone number.
The company claims to be located at 300 Delaware Avenue, Suite 210, Wilmington, DE 19801, but this is a virtual office that can be rented by anyone. The company does not have any presence or operations in the US, and is not registered with the Securities and Exchange Commission (SEC) or any other state regulator.
The company also claims to have offices in London, Hong Kong and Dubai, but these are also fake addresses that do not belong to MabCredit. The company is 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.
The company has been issued a warning by the AFM on 21 Sep 2023 as a boiler room. The AFM advises consumers not to accept offers from MabCredit or to transfer money to them. The AFM also urges consumers who have been contacted by MabCredit to report it to them. The warning can be found here: https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/mabcredit
Customer Reviews:
MabCredit has very few customer reviews online, and most of them are negative. The company has been accused of being a scam, a fraud and a rip-off by many customers who have lost their money or have been unable to withdraw their funds. The company has also been reported to use fake testimonials, fake awards, and fake news articles to lure investors.
Some of the customer reviews can be found here:
– https://www.trustpilot.com/review/mabcredit.com
– https://www.scamadviser.com/check-website/mabcredit.com
– https://www.forexpeacearmy.com/forex-reviews/18932/mabcredit-trading
Products and Services:
MabCredit claims to offer a range of products and services to its clients, including wealth management, asset management, and trading. The company claims to have access to various markets and instruments, such as stocks, bonds, commodities, currencies, indices, and cryptocurrencies.
The company also claims to offer different investment plans with different returns and risks. The plans are:
– Basic Plan: Minimum deposit of $5000, daily return of 1%, duration of 180 days
– Standard Plan: Minimum deposit of $10,000, daily return of 1.5%, duration of 180 days
– Premium Plan: Minimum deposit of $25,000, daily return of 2%, duration of 180 days
– VIP Plan: Minimum deposit of $50,000, daily return of 2.5%, duration of 180 days
However, these plans are unrealistic and unsustainable. No legitimate investment company can guarantee such high returns on a daily basis without taking huge risks or engaging in illegal activities. Moreover, the company does not provide any proof of its trading performance or portfolio allocation.
Location:
MabCredit does not have a physical location or an office. The company uses fake addresses and virtual offices to deceive investors. The company is not registered or regulated in any jurisdiction and operates illegally.
Customer Service:
MabCredit has very poor customer service. The company does not respond to emails or phone calls from its clients. The company also blocks or ignores clients who request withdrawals or refunds. The company uses aggressive and manipulative sales tactics to pressure clients into investing more money or upgrading their plans.
Conclusion:
MabCredit is a scam that should be avoided at all costs. The company is not regulated by any authority and has been warned by the AFM as a boiler room. The company does not provide any legitimate investment services but only steals money from its clients. The company uses fake addresses, fake testimonials, fake awards, and fake news articles to lure investors. The company does not pay any returns or refunds, and blocks or ignores its clients. The company is a fraud and a rip-off that should be reported and exposed.
