The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) has blacklisted a fraudulent organization under the alias Monolith-Invest, citing unrealistic expectations and misleading guarantees.
Russia’s CRFIN is a non-profit, self-regulated partnership that monitors the FX market in relation to the Russian financial industry. The genesis of this denouncing against Monolith-Invest came as a result of guaranteed promises on the two sites, http://monolith-invest.ru/index.php, and http://personal-trader.ru/ .
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The sites stipulated guaranteed rates of return to its prospective clients, substantiated bonuses via client procuring, as well as other benefits. For these reasons, CRFIN has issued a warning to investors, given the high degree of risk associated with this organization.