The court intervenes urgently against three powerful people in Quebec

Fearing that the investments of hundreds of “vulnerable investors” could evaporate, the court has just taken emergency measures to curb the actions of three Quebec influencers active on social networks who work on behalf of MavieLab and three of its partner companies.

In a decision issued last week, the Administrative Court for Financial Markets (TMF) granted a request from prosecutors of the Financial Markets Authority (AMF) who requested the issuance of urgent prohibition orders against them, accompanied by a package of measures aimed at quickly restoring respect for the laws.

In this case, which is still the subject of an investigation, the names Nick Lemay, of Bochatelle, Stéphane Plante, of Quebec, and Nathalie Mercier, of Salaberry-de-Valéfield, appear as follows: “Network marketers» On behalf of MavieLab Ltd, a company registered in the British Virgin Islands.

The latter (Mavielab) claims to be a marketing agency serving partners (including Ultron Technologies, Lottoday, and FlipMe) to promote their investment products to amateur investors, through its website and representatives.

Active solicitation

The evidence obtained by the AMF tends to show that representatives Lemay, Plante and Mercier organize weekly virtual meetings, under the banner of MavieLab, during which they “actively and persistently solicit” investors in order to get them to sign up for crypto asset contracts.

Michal Brazenica is the President of MavieLab, a company registered in the British Virgin Islands and managed from Dubai, United Arab Emirates.

Image taken from MavieLab, also known as MaVie Global.

triple “Network marketers”, who actually operate illegally – according to the AMF – as value brokers and advisors, will also periodically organize in-person conferences to promote the sale of financial products (obviously Ultron, Lottoday and FlipMe) that inevitably offer amazing returns.

One of them, held in February at the Ruby Foo's Hotel in Montreal, attracted about a hundred investors from several regions in Quebec, alarming investigators in the case.

But that's not all: the three actors will be about to hold a large-scale event in the province of Quebec, where at least a thousand people are expected to attend. The latest event was initially scheduled to be held on June 8 and 9, but due to the circumstances, it is feared the event will be held early.

It is difficult to recover money

The proximity of this event and the significance of the illegal acts committed so far have prompted the Arab Monetary Fund to search for a quick solution. She explained to the judge that the latter appears to be more important, as funds transferred by the public in the form of cryptocurrency are routed through web platforms owned by companies registered in “tax havens.”

Image taken from MavieLab, also known as MaVie Global.

“This situation is likely to complicate any potential attempt by the regulator to recover and redistribute the funds that the defendants had succeeded in extracting from them as part of their illicit activities, and potentially redistribute them to affected investors,” the AMF said.

Convinced, Judge Jean-Pierre Christel, of TMF, agreed to prohibit MavieLab, Nick Lemay, Stéphane Plante and Nathalie Mercier from carrying out any activity with the aim of carrying out, directly or indirectly, a transaction on any form of investment covered under securities law.

TMF also ordered them to immediately remove any post relating to any form of investment associated with Mavielab, also known as MaVie Global, or block access to their websites.

Meanwhile, the AMF continues its investigation and respondents have been given 15 days (as of May 21) to appeal the IMF's decision.

Box information:

Risk Warning: Companies targeted by the Arab Monetary Fund

MAVILAB LIMITED It is a marketing company registered in the British Virgin Islands, and is headed by Michal Brazenica. MavieLab, also known as MaVie Global, owns the website mavie.global, Which can be accessed in Quebec.

Ultron Technologies Inc It is a company established in Dubai, United Arab Emirates. It also operates as the Ultron Foundation. She owns the ultron.foundation website, Which can be accessed in Quebec.

FlipMe It will be an exchange platform between cryptocurrencies and other currencies through the traditional banking system. The platform, whose actual address remains unknown, owns flip-me.com, which can be accessed in Quebec. FlipMe will also allow you to transfer money, make payments, make purchases and exchange cryptocurrencies.

the lottery It is a decentralized gaming platform, and its address is still unknown. It owns the website lottoday.io, which can be accessed in Quebec.

Source: Administrative Court for Financial Markets