The NSSMC warns investors about the risks of investing in the Exlimited project

As part of the monitoring of dubious financial projects (scam projects) that promise Ukrainians a quick and guaranteed income, the NSSMC warns consumers of financial services to invest in scam project Exlimited, which has signs of doubt and may be aimed at illegal seizure of investors’ funds.

This scam project, based on public information, specializes in the accumulation of funds of private investors for the implementation of promising startups in the field of beauty technology, mobile medicine, e-sports, alternative food and other areas.  The Exlimited offers citizens to invest with further daily receipt of a high percentage of investment return (from 0.4% to 1.5% per day).  The client makes a termless deposit, which can be returned at any time, but not in full.  The project attracts deposits in both national currencies and cryptocurrencies.

The Exlimited project has a B2B Jewelry-like referral program, with an additional percentage of profit accrued for each new investor involved.  The project is actively promoted on YouTube video hosting by the same bloggers who recently persuaded citizens to invest in B2B Jewelry, and in the communities of B2B Jewelry investors on social networks.

As for the official documents on the basis of which the company attracts investments of Ukrainian citizens, the project’s website published a license from 2007, issued in Hong Kong allegedly after the rebranding of the business.  It is common practice in the network when fraudsters find published licenses of unknown private companies and forge them.

The company’s office address and contact telephone numbers are not available on the project website.  Only messenger links, feedback form and e-mail are available from contacts.  Such anonymity for a supposedly successful international investment company with 20 years of experience is one of the signs of fraud and an attempt to mislead potential investors.  In addition, the first online mentions of a company with 20 years of experience date back to the end of March 2020.

The Exlimited website claims that the team has already implemented 28 international projects, but does not name any of them, which in turn also indicates fraud.

In addition, the Exlimited  announces the sale of gift certificates that have the characteristics of bonds (debt securities), as they certify their deposit by the first owners, determine the loan relationship between the holder of such a certificate and its issuer in the person of the Exlimited and may serve as confirmation of the issuer’s obligation to return  certificate its nominal value within the period provided by the certificate and pay the investment income determined in advance.  The issuer, represented by the Exlimited, should have applied to the NSSMC for registration of the bond issue prior to the sale of such securities to investors, but as of today this has not been done.

It should be noted that the relevant activities to attract funds from the population and the payment of interest income in accordance with the laws of Ukraine can be carried out only by banks and credit unions registered in Ukraine, which have relevant licenses.

We urge citizens to be careful and carefully assess the risks before investing their money!

Want to invest consciously?  Read our recommendations “10 signs of fictitious investment project“.