Despite the fact that forging signs of any international currency is a serious criminal offense, a fraudulent gang named ‘Bank Bene Merenti’, run under the umbrella of a non-profit organization named ‘YEM Foundation’, registered in Nevada, USA is using the sign of Japanese Yen in its fake ‘YEM coin’, which this scam racket touts as rainbowcurrency.
According to information, Bank Bene Merenti and the YEM coin cartel is running under the umbrella of ‘YEM Foundation’, a domestic non-profit corporation registered in Las Vegas, Nevada, the USA as a non-profit company. Company Number: E0553072017-8. Native Company Number” E0553072017-8. YEM Foundation does not have its own office in the US. Instead, it uses a virtual office address provided by a company named PHYSICALADDRESS.COM.
Our investigative reporter in the US has already checked every detail of the YEM Foundation, and found that the YEM coin and Bank Bene Merenti scam cartel is using this US non-profit as a shield of their criminal activities. It is also learnt from credible source that hundreds of millions of cheat-fund of Bank Bene Merenti, YEM coin, Dan Settgast (Daniel Settgast), Jorge Sebastiao and other members of YEM Foundation scam ring is secretly deposited in various offshore accounts with the help of the Nevada-based company that provides virtual office address (304 S JONES BLVD, Las Vegas, NV, 89107) to this cartel.
Internationally known fraud-master, scammer and one of the key founders of ‘YEM Foundation’, Jorge Sebastiao is accused of scamming and frauds in a number of countries in the world, including Spain. He also runs a company named ‘EcoX’ in Dubai, which is one of the branches of ‘Bank Bene Merenti’ fraud gang.
Recently, Jorge Sebastiao has launched another fraudulent venture named ‘EcoX Africa’ with the nefarious goal of cheating millions of African people with his fraudulent crypto venture. Earlier, Jorge Sebastiao with the help of another fraud named Kamil Grund has launched a fraudulent venture named ‘EcoShumi Foundation’ (Web Archive Link) with the agenda of cheating people in the United Arab Emirates, Bahrain, Qatar, Saudi Arabia and other Middle Eastern nations. Following publication of an investigative report in Blitz, many people has already left ‘EcoShumi Foundation (LinkedIn), fraud racket after knowing the criminal past of Jorge Sebastiao, Kamil Grund and few other members of this group.
Jorge Sebastiao (Jorge Sebastião) aka Nuno Jorge Da Cruz Sebastiao, who has past track record of series of frauds and scams, including swindling 136 million Euros from people in Spain through a cryptocurrency scam named Nimbus.
Names of individuals involved in the fraudulent EcoX Africa are:
Faris Ahmed, CEO/Founder, Luxury Tech
Dr Desziree Richardson
Jorge Sebastiao, Co-founder, EcoX
Mamadou Kwidjim Toure, Founder Ubuntu
Queen Diambi Kabatusila Tshiyoyo Muata
Samuel Andesegun Egunjobi, Founder, Rebuild Afrika Foundation
Laila Rahhal El Atfani
Antonis Antoniadis, Chairman, Ecogold (West Africa)
Monica Modi, ORG Newtribe
Jude Anumudu, EcoX Africa Coordinator
Tuesday Le Roux MC
Anthony Philip Njoku, 10X Digital Lane
Tame Vikc Okoi, CEO, Agro-Meta Coin and Agro Meta Technologies
Adesanya Ahmed, Petrovice Resources International Ltd
Chakib Achour, CSO, Huawei Morocco
Mikita Maniar Gagalani, Newtribe Capital.
Dan Settgast aka Daniel Settgast and Jorge Sebastiao are two of the kingpins of the scam cartel named Bank Bene Merenti, which has been robbing-off hundreds of millions of dollars through fake YEM crypto by fooling people through false claims and well-orchestrated propaganda. This scam racket runs under a Nevada-based non-profit named ‘YEM Foundation’. By pretending as an affiliate of the Bank of Japan, this scam cartel is mainly cheating people from Uganda, Ghana, Gabon, Tanzania, Nigeria, Kenya, Gambia, Ethiopia, Congo, Sudan, Angola, Burkina Faso, Mozambique, Cameron, Madagascar, Mali, Malawi, Senegal, Chad, Somalia, Zimbabwe, Rwanda, Guinea, Benin, Burundi, Tunisia, Libya, Egypt, Sierra Leone, Togo, Central African Republic, Liberia, Mauritania, Eritrea, Botswana, Lesotho, Guinea-Bissau, Mauritius, Eswatini, Djibouti, Comoros, Cape Verde, Seychelles, as well as South Asian countries such as Bangladesh, India, Pakistan and Sri Lanka. According to credible sources, this racket has also expanded network in the Philippines, Indonesia, Malaysia, Lebanon, Jordan, Oman, Bahrain, Syria and UAE.
As YEM Foundation is registered as a non-profit entity in the United States, authorities in the US, including the Department of Justice (DOJ) and Federal Burau of Investigation (FBI) should initiate immediate investigations into the dangerous fraudulent activities of Dan Settgast aka Daniel Settgast and other members of this fraud racket.
Our reporters are already investigating a number of dubious companies run by Daniel Settgast aka Dan Settgast namely: United American Capital Corporation, Unicorn Network, SafeZone, Rainbow Foundation, Rainbow Currency (YEM), TWNKLChain, TWNKLBuy, TWNKL Shop, TWNKLEstate, TWNKLBds, CashBackMarketing, WeShareSuccess, Wazzup, and PrizeMania.
For latest updates and news follow BLiTZ on Google News, Blitz Hindi, YouTube, Facebook, and also on Twitter.