EGCM Emirate Global Capital Markets Newsletter No. 87

Dear Clients,

We would like to inform you that over the past week, we have not received any new information regarding the actions of the Slovenian and Croatian judicial authorities in the EGCM case. We expect to receive updates soon and will continue to actively monitor the situation. Our commitment to resolving this case remains unchanged, and if there is no progress in the near future, we will consider next steps that will be aimed at speeding up the process.

Why has Dubai become the center for MLM and crypto scams?

In recent years, Dubai has become a global hub for multi-level marketing (MLM) and crypto fraud, and this is not by accident. While the city is known for its rapid development and economic power, several factors make it easier for scammers to operate out of Dubai. First and foremost, local police do not prioritize investigations into international MLM scams, which allows fraudsters to freely hold promotional events, open bank accounts, and launder money with little resistance.

Fraudsters are drawn to Dubai due to relatively weak regulations on these matters and its reputation as a luxurious destination, which helps them attract potential victims. Furthermore, they have built a strong infrastructure for hosting large-scale events, enabling MLM companies to gather investors and run promotional campaigns without much scrutiny.

Warning signs with MLM companies in Dubai

There are a few clear indicators that an MLM company might be involved in fraudulent activities. If someone within the MLM structure moves their company’s headquarters to Dubai, it could be a sign that they are trying to avoid stricter regulations in other countries. Additionally, organizing major promotional events in Dubai is often a red flag for a fraudulent scheme. Unfortunately, there are numerous examples of companies using Dubai as a base for questionable activities, and EGCM is one of them.

Advice for the future

Always exercise caution when dealing with MLM schemes or investments that promise “quick returns.” If a company is based in Dubai or frequently holds events there, it is enough of a reason to be cautious. Scammers’ creativity knows no bounds, but the rule is simple: the bigger the promises, the bigger the risk. If you have any doubts, seek advice before making any financial decisions.

Sincerely,

Attorney Zoran Miljaković

EGCM Emirate Global Capital Markets Newsletter No. 87

Dragi klijenti,

Želimo vas obavestiti da u protekloj nedelji nismo dobili nove informacije o postupanju slovenačkih i hrvatskih pravosudnih organa u vezi sa slučajem EGCM. Očekujemo da ćemo uskoro dobiti nove informacije i nastavljamo aktivno pratiti razvoj situacije. Naša posvećenost rešavanju ovog slučaja ostaje nepromenjena, a u slučaju da ne dođe do napretka u skorijem periodu, razmotrićemo dodatne korake kako bi smo ubrzali proces.

Zašto je Dubai postao centar MLM i kripto prevara?

Poslednjih godina, Dubai je postao globalno središte za organizaciju mrežnih marketinga (MLM) i kripto prevara, što nije slučajno. Iako je grad poznat po svom brzom razvoju i ekonomskoj snazi, postoji nekoliko faktora koji olakšavaju prevarantima da posluju iz Dubaija. Pre svega, lokalna policija ne stavlja prioritet na istrage međunarodnih MLM prevara, što omogućava prevarantima da slobodno održavaju promotivne događaje, otvaraju bankovne račune i peru novac bez većih prepreka.

Prevaranti koriste Dubai zbog relativno slabe regulacije u vezi s ovim pitanjima i zbog njegove reputacije kao luksuznog centra, što im dodatno pomaže da privuku potencijalne žrtve. Osim toga, izgradili su snažnu infrastrukturu za organizovanje velikih događaja, što omogućava MLM kompanijama da tamo bezbrižno okupljaju naivne investitore i organizuju promotivne kampanje.

Znakovi upozorenja kod MLM kompanija u Dubaiju

Postoji nekoliko jasnih signala da je neka MLM kompanija uključena u prevaru. Ako neko iz MLM strukture preseli sedište svoje firme u Dubai, to može biti znak da pokušava da izbegne strože regulative u drugim zemljama. Takođe, organizovanje velikih promotivnih događaja u Dubaiju može biti jasan znak da je reč o prevarantskom poduhvatu. Nažalost, postoji mnogo primera kompanija koje su koristile Dubai kao bazu za sumnjive aktivnosti, a EGCM je primer jedne od njih.

Saveti za budućnost

Uvek budite na oprezu kada je u pitanju MLM ili investicije koje obećavaju “brzu zaradu”. Ako kompanija ima sedište u Dubaiju ili često organizuje događaje tamo, to je dovoljan razlog za oprez. Mašta prevaranata je neograničena, ali pravilo je jednostavno: što veća obećanja, to je veći rizik. Ako imate bilo kakve sumnje, obratite se za savet pre nego što donesete bilo kakve finansijske odluke.

Srdačno,

Advokat Zoran Miljaković