An Alliance in Movement International fraud alert has been issued by Pakistan’s Securities and Change Fee (SECP).
As per the SECP’s Could twenty fourth warning;
The SECP has observed that an organization, specifically “Alliance in Movement International (Personal) Restricted,” is providing varied packages to draw the general public to its illegal enterprise actions of multi-level advertising and marketing (MLM), in violation of clauses of the memorandum of affiliation.
Elevating un-authorized deposits from most people and indulging in referral advertising and marketing, MLM, pyramid, and ponzi schemes are illegal actions when it comes to the reason of Part 301 of the Firms Act, 2017.
Most people is hereby cautioned and suggested to not put money into any such unlawful funding schemes supplied by the aforementioned firm.
The SECP names Alliance in Movement International’s Administrators as Raymond Asperin, Eduardo Cabantog, and Ahmad Muhammad.
Asperin and Cabantog co-founded Alliance in Movement International. Each are based mostly out of the Philippines, with Cabantog serving as CEO and Asperin as CMO.
Ahmad Muhammad is the connection to Pakistan, by way of the Pakistan shell firm Alliance In Movement International (Personal) Ltd.
Alliance in Movement International is usually abbreviated as “AIM International”. Primarily based on its enterprise mannequin, BehindMLM classifies Alliance in Movement International as a pyramid scheme.
BehindMLM revealed its first Alliance in Movement International evaluation again in 2013. Once we final checked in circa August 2021, Alliance in Movement International was relaunching with Empowered Consumerism and OrbiXVictus branding.
As of April 2023, SimilarWeb tracks negligible visitors to Alliance in Movement International’s and OrbiXVictus’ respective web sites.
Empowered Consumerism web site visitors is regular at about 120,000 to 140,000 visits a month.
Nearly all of that visitors comes from the Philippines (87%) and the US (7%).
Regardless of Alliance in Movement International working from the Philippines and primarily concentrating on native residents, Philippine authorities have to this point didn’t take motion.
Along with Pakistan, Alliance in Movement International has additionally attracted the eye of authorities in Uganda.
Final October fifteen Alliance in Movement International promoters have been arrested on human trafficking expenses.
Some 307 victims, a few of whom have been underage, had been lured to a compound beneath the guise of respectable employment.
Upon arriving, victims have been taken hostage and compelled to recruit new Alliance in Movement International associates.
Outdoors of Kenya, AIM International recruitment throughout Africa seems to have collapsed following the arrests.
Alliance in Movement International itself by no means publicly addressed the arrests.
