The Belgian financial regulator FSMA has warned the public against Five Winds Asset Management and QW Lianora Swiss Consulting.
But they are doing so illegally, because these companies are not licences as investment services providers. They are not regulated in any country.
According to the FSMA both companies are selling investment packages with unrealistic returns.
What’s more, according to the regulator Five Winds Asset Management and QW Lianora Swiss Consulting seem to have ties with known scams: Questra World, Questra Holdings and Atlantic Global Asset Management.
According to our research all these companies are run by the same people. All are Ponzi schemes, and because Questra and AGAM ran out of new deposits to pay the profits, people who run them started brand new Ponzi schemes and called them Five Winds Asset Management and QW Lianora Swiss Consulting.
New Ponzi scams always start by paying the profits, they use new deposits for that purpose. This way they attract a lot of people. Then they just close down and the money disappears.