Online reports state that the firm has no license to operate in the country. What do we know? UAE officials have arrested the Pakistani businessman in relation to the Ponzi investment scheme that has failed. The scheme has caused hundreds of lost funds. However, the scheme has failed and, when the UAE authorities have inspected the offices of the firm. In addition, the MMA Forex has been promising to double the investments via Forex trading operations. However, when we reached out to the officials of the MMA Group, we got a completely different answer.
In the company shut down, and it will not reopen until the liabilities of the former clients will be refunded. Also, there is no intention to reopen MMA Forex. Currently, we are trying to facilitate the payments back to the affected clients. The online reports have been stating that the freshly reopened firm is claiming that it is a corporation that runs an airline, a bank, and some other operations:.
The report is also highlighting that the firm does not possess any license to provide investment services in the country. We will update you on the details of the case, as soon as the new information will be available. Log in Lost Password? All you need in Forex. RCFX Forex trading scam victims searching for a solution.
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