Red Flags
3
Skainet Systems
Skainet Systems operates in secrecy, using misleading AI trading claims and a Ponzi-style compensation plan. Without real products or verified trading profits, it is a ticking time bomb destined for collapse.
Quick summary on Skainet Systems
Anonymous Ownership – The company does not disclose any details about its executives or owners, raising serious transparency concerns.
Shady Leadership – Chief Marketing Officer Michael Baur has ties to multiple Ponzi schemes, including CMMT Revolution and PLC Ultima.
Dubai Connection – The company holds meetings in Dubai, a known hub for MLM scams due to weak financial regulations.
No Real Products – Skainet Systems does not offer any legitimate products or services; the only way to earn is through recruitment.
Fraudulent Compensation Plan – Investment-based returns of 20%-40% per month sound unrealistic and resemble classic Ponzi tactics.
Money Lock-In – Investor funds are locked for six months, preventing withdrawals and trapping funds in the system.
Unregistered Securities – Skainet Systems offers investment returns but is not registered with any financial regulatory body, making it an illegal securities operation.
MLM Pyramid Structure – The company rewards recruitment over real trading, making it functionally a pyramid scheme.
Fake AI Trading Claims – No verifiable evidence of AI-driven trading exists, only manipulated MyFXBook statistics and a worthless Mwali certificate.
High Risk of Collapse – As recruitment slows, the company will struggle to pay promised returns, inevitably leading to a Ponzi collapse where most investors lose money.
Manipulative Terms & Conditions – The company can terminate clients without reason and penalizes those who speak negatively about it.
Intel Reports
by: Audrey Rogers
Invested in Skainet Systems now dealing with withdrawal delays and fears of financial loss
by: Owen Reed
Believed in their AI trading bot now facing forced reinvestment and concerns about a Ponzi scheme
by: Stella Cook
I was initially drawn to Skainet Systems by their claims of AI driven trading and the potential for substantial returns However after investing I encountered significant delays when attempting to withdraw my funds The lack of communication from the company...
by: Levi Bell
My experience with Skainet Systems has been disappointing Despite their assurances of AI driven trading success I have encountered numerous obstacles when trying to access my funds, including withdrawal delays and forced reinvestment schemes This has led me to question...
by: Lucy Murphy
The promise of high-frequency AI trading profits led me to invest in Skainet Systems Unfortunately I later discovered that the company operates without proper financial regulation, raising serious concerns about the legitimacy of their operations and the safety of my...