Table of Contents
What is Solmax Global about?
At Solmax, we have one clear aim: to create a business that sees our entire community working together for continued financial rewards. In order to achieve this objective, we aim to include you in every aspect of the business. An utterly new and innovative business model.
What happens if you invest in a Ponzi scheme?
In a Ponzi scheme, new investors’ money, not profits of the purported business venture, is used to pay the promised return to previous investors.
Is Solmax global regulated?
SOLMAX GLOBAL LIMITED and IGNITER 100 are NOT REGISTERED with the Commission and are NOT AUTHORIZED to solicit, accept or take investments/placements from the public.
How do you spot a crypto pyramid scheme?
How can I spot a Bitcoin Ponzi scheme?
- Investments with little to no risk.
- Overly consistent returns.
- Unregulated businesses or firms.
- Unlicensed individuals.
- Business strategies that are secretive and hard to understand.
- Problems with documents.
- Issues with receiving payments.
What is Solmax KYC?
A. KYC stands for know your customer. It enables businesses to better understand their customer thus helping them manage risk in a well- jugded manner.
What is the Solmax company?
Solmax is the world’s leading geosynthetics manufacturer with plants in North America, Europe, Asia, and the Middle East. Visit us at www.solmax.com.
Is Solmax registered with FCA?
SOLMAX/IGNITER is a Real time World Class Company officially registered and headquartered in London, United Kingdom 🇬🇧 with Company Registration No: 10920141, Vat No: GB281458192. The company is fully regulated by Financial Conduct Authority(FCA) UK, and also official member of London Chambers of Commerce.
Who is the owner of Solmax global?
Jacques Cote –
Jacques Cote – Owner – Solmax Group | LinkedIn.
Who is the founder of Solmax global?
Jacques Côté
Jacques Côté founded Solmax in 1981 and, with the help of Vangeluwe, who joined in 1997, grew the business from distribution to installation and manufacture of geotextile and erosion control systems.
Who is the owner of Solmax group?
Who is the founder of Solmax?
Jacques Côté founded Solmax in 1981 and, with the help of Vangeluwe, who joined in 1997, grew the business from distribution to installation and manufacture of geotextile and erosion control systems. By 2017, Solmax was rated number three in the geosynthetics industry.
Is solmax global a Ponzi scheme?
At worst Solmax Global is using newly invested funds to honor Equity Token ROI withdrawals, which would make it a Ponzi scheme. On top of this a lack of a retail product means commissions paid out in Solmax Global are tied to pyramid recruitment. Unfortunately the FCA aren’t known for active regulation of unregistered securities MLM schemes.
Are solmax’s equity tokens tradeable?
The Solmax Global compensation plan also states that Equity Tokens “are tradeable on exchange”. Equity Tokens aren’t publicly tradeable, so this suggests either Solmax Global or Igniter100 are running an internal exchange.
What is solsolmax global about?
Solmax Global claims to be a Multi-Level Marketing Company that gives people an opportunity to build a revenue stream of income to improve their financial health. They also claim that their company is determined to help entrepreneurs succeed by offering strategic training and support.
Are solmax global commissions withdrawable?
Also note that only 66.6\% of commissions paid out by Solmax Global are withdrawable. The remaining 33.3\% are paid out into a “trading account”, which presumably must be spent on additional Equity Token investment. There are seven affiliate ranks within the Solmax Global compensation plan.