Trust Investing Review- Scam

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Spain’s Comision Nacional del Mercado de Valores (CNMV) has issued a warning to Trust Investing over the potential for securities fraud. On April 4th, the CNMV warned that Trust Investing was not authorized to perform the investment services listed in Article 140 of the Spanish Securities Markets Act, which includes investment counseling. This is a notice to investors similar to a securities fraud warning in other jurisdictions.   

The domain “trustinvesting.github.io” for Trust Investing’s website was highlighted in the CNMV’s warning.   

You can think of it as a “hosted directly” GitHub repository website. As far as I can tell, Trust Investing’s original website, located at “trustinvesting.com,” is still active. The GitHub Pages site looks like it was set up by an affiliate, and that’s why I’m suspicious. The “starts now!” button may be found in the upper right corner of the GitHub Pages website. A broken affiliate link on Trust Investing’s genuine website looks to be the result of clicking this particular link. Trust Investing may have terminated the affiliate’s account because of the CNMV’s fraud notice.

GitHub Pages is still up, although I’m not sure why. Ruslan Concepcion’s arrest in Cuba in April 2021 triggered Spain’s trust-investing alert. Concepcion was arrested while trying to board an international flight to Russia.

It’s not clear what happened to Concepcion when he was freed by Cuban authorities in October 2021. In light of subsequent Facebook posts, it appears that Concepcion has not left Cuba. When Concepcion was arrested, 44% of Trust Investing’s website visitors were from Cuba.

Trust Investing’s website saw a resurgence in traffic in 2022, according to SimilarWeb.

Since then, Cuban trust investment recruiting has halted. More than a quarter of investors in the Ponzi scheme now come from Brazil (17 percent), Italy (12 percent), Colombia (9 percent), and Peru (8 percent). Diego Chaves is the CEO of Trust Investing (right).

Chaves has deleted his social media accounts in response to the CNMV’s warning. He has been suspended. We assumed Chaves was based in Spain when we examined Trust Investing in July 2020 for us. His whereabouts are currently unknown following the CNMV’s warning.

Spain’s Comision Nacional del Mercado de Valores (CNMV) has issued a warning to Trust Investing over the potential for securities fraud. On April 4th, the CNMV warned that Trust Investing was not authorized to perform the investment services listed in Article 140 of the Spanish Securities Markets Act, which includes investment counseling. This is a…

Spain’s Comision Nacional del Mercado de Valores (CNMV) has issued a warning to Trust Investing over the potential for securities fraud. On April 4th, the CNMV warned that Trust Investing was not authorized to perform the investment services listed in Article 140 of the Spanish Securities Markets Act, which includes investment counseling. This is a…

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