Questra world Reviews

Questra world Reviews – Legit or Scam?

I recently came across an offer from a friend about a product that again seemed to good to be true so I thought I’d investigate!

What I found was quite concerning as my friend was and still is investing in this product and I don’t think it is a trustworthy site at all.

My first worry is this is a company registered overseas and is not approved by the UK financial services so your money is not protected one bit. That would be the end of my research on this offer on that basis alone. I wanted however to delve deeper into this opportunity and my first thoughts were confirmed.

Questra Holdings on the 26th July was suspended by  The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) with the following announcement:

  • “imposed a cautionary suspension, for a period of 90 days, pursuant to article 101, paragraph 4, letter b), of the Consolidated Law on Finance (TUF), on the advertising activity carried out through the Facebook page www.facebook.com/QuestraWorldIItaliaAffiliati related to the offer to the public of “investment portfolios” promoted by the companies Questra World, Questra Holdings and Atlantic Global Asset Management(resolution n. 20075 of July 20, 2017);”

  • “imposed a cautionary suspension, for a period of 90 days, pursuant to article 99, paragraph 1, letter b), of the Consolidated Law on Finance (TUF), on the offer to the public of investment opportunities for accession to the project named “Elicicoltura” carried out without the required authorisations, including through the websites www.alessiocavalieri.it www.gabrielemaltinti.com and www.gabrielemaltinti.net(resolution n. 20077 of July 20, 2017);”

  • “imposed a cautionary suspension, for a period of 90 days, pursuant to article 99, paragraph 1, letter b), of the Consolidated Law on Finance (TUF), on the offer to the public of investment opportunities for accession to the project named “Business Americano” carried out without the required authorisations, including through the website www.gabrielemaltinti.net(resolution n. 20076 of July 20, 2017).”

The Questra world website provides a coporate address in Madrid, Spain as their registered offices however (your going to love this!) you can also find the same address on AirBnB which they have listed as a one bedroom apartment that you can rent for £45 per night!

Seriously though I am not making this up!! I have said enough here in this review to warn you not to touch this company however I have to go gone as it doesn’t stop here!!

The Questra World website URL is: questraworld.es” with  Questra Holdings  listed as the domain owner. The site looks pretty good and well presented but links to the main site as they put it, are non existent as it takes you to an error page.

Further investigation unearthed that the Belgium financial services issued a warning against this organisation in September 2016

you can view their statement on thier website here:  regulatory warning against Questra Holdings.

The statement basically announces the following:

Questra Holdings is not an authorized investment firm or credit institution in Belgium. It is therefore not allowed to provide banking and/or investment services in or from Belgium.

Moreover, the system proposed by Questra Holdings has every appearance of being of a pyramidal type or at least of a Ponzi fraud.

If you cannot find any records or if a multi level marketing company cannot be honest as to who is the owner DO NOT join or hand any money over! for more on MLM companies and other scams click here

The Twist

If you visit Questra World on You Tube you will notice that nearly all their videos and channel is headlined in Russian. Why would a Spanish registered company have Russian titles?

with further investigation it appears Questra world are marketing Atlantic Global Asset Management which have investment plans announcing that they can offer return on investments on up to 6.47% on deposits upto 500,000 euros.

commission tiers

Questra World’s compensation plan is a tiered level of returns depending on how many affiliates you recruit to invest into the program with promise of these weekly returns. ( sounding familiar yet?)

So Why would a company that can generate massive return on investments require the need for affiliates to recruit other affiliates to invest?

The CEO of Atlantic Global Asset Management is named as Andrey Andreevich Abakumov which explains the Russian titles on You tube. however there is not much more to unearth other than the president being Antonino Vieira Robalo and the company being registered in Cape Verde to round of a very suspicious business !

Atlantic Global Asset Management do not seem to have any actual presence on Cape Verde other than hearsay.

Conclusion

 

The only known source of revenue entering Questra is via is affiliate recruitment revenue.  This source of revenue is needed to pay off existing affliates which in hindsight makes Questra Holdings nothing more that a worldwide Ponzi Scheme.

Atlantic Global Asset Management use a bank called Ecobank on  Cape Verde where these con artists launder invested payments.

In Conclusion we get Russian con artists hiding behind a Spanish fake business to run Ponzi scheme hidden behind a respectfully sounding asset company in a West African Island called Cape Verde where Funds are laundered where it probably would never get flagged up.

I thought these things just happened in the movies?!!!

As you can imagine I will not be declaring this a legitimate business as this company will eventually collapse as recruitment dies out and I hope my review will go someway to help that before anyone else invests. The owners who are involved in this scheme now it will hence the 365 maturity period for investments which translates into the company with many names will collapse long before their affiliates discover there money has gone and they are left with an an answerable paper trail starting in Cape Verde through Spain and ending in Russia or somewhere else no doubt!
Do not touch this company as it is a total scam!! If you are looking for a legitimate money making program then I would thoroughly recommend Wealth Affiliate where you will learn step by step how to create a credible business and discover how to create your very own website, you can see my review here: Wealthy Affiliate

If you prefer to have a bit of fun and you like to have a bet then I suggest another legitimate program: The profit Maximiser which is a program designed for matched betting.

In any event and back to business I would urge you to let me know if you have had any bad experiences with Questra Holdings or Global asset management in the comments below and hope you have enjoyed my Questra World reviews!

 

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12 Replies to “Questra world Reviews”

  1. That has scam written all over it. MLM companies in general operate on a dishonest level in the first place in my opinion. I sincerely hope that you can save your friend from this situation. It goes beyond just the structure of the MLM too.
    I was briefly affiliated with one many years ago, and in addition to the money for sign up… many of the other members would talk you into buying their “Motivational Products”, which they insisted you had to buy to be successful. Just a money drain like no other.

    1. Hi Jay

      Yes I’ve never had any luck with MLM But I know there are some legit ones out there but they are out numbered by the fakes.

      This one is almost laughable though, you couldn’t make it up when you do a little digging!

  2. Darren,
    So sorry to hear that your friend got involved in this scheme. When my father got older he had saved plenty of money for retirement but then he got caught up in one of these schemes and ended up dying penniless. Good for you for exposing these scams, these people have no conscious and deserve no mercy.
    Again, thanks for the article,
    David

    1. Hi David

      That’s so sad to read about your dad and that’s the whole purpose of my website to drive people to legitimate online enterprises.

      If you come across any potential scams drop me a line and I’ll post my findings

      Best wishes

  3. You had me at “Overseas and not approved by the UK Financial Services” Then you went on to share the suspension they’ve received. The fact that they are registered in Spain but have Russian youtube videos…

    Then you shared this,

    “Questra Holdings is not an authorized investment firm or credit institution in Belgium. It is therefore not allowed to provide banking and/or investment services in or from Belgium.

    Moreover, the system proposed by Questra Holdings has every appearance of being of a pyramidal type or at least of a Ponzi fraud.”

    This is the sort of thing that causes people to lose faith in making money online. Scammers are literally everywhere and always out to take you money is the most well rehearsed sales pitches.

    I don’t know of a trustworthy MLM business around. They always promise so much and offer very little in return.

    Thanks for the heads up on this scheme i will certainly be on the look and spread the word.

    1. Share away Justin

      This so called company seem pretty big and are operating all over the world, the more we raise the awareness the better.

      I’m the same as you with regards to MLM companies.

  4. Today there is a huge amount of evidences that behind Questra is primarily the Ukrainian swindler Pavel Krymov: registration of the company in Murcia, where Krymov and his bander Surzhik chose their own real estate; documents that were supposed to tell the people about Spain but lead to Ukraine; and most of the clients of Questra are CIS residents. To be blunt, too crookedly built pyramid behind a beautiful wrapper …

    1. Exactly

      Thankyou for sharing your comment with us it is greatly appreciated.

      I am still at a loss to understand how they can get away with it!

  5. The leaders of the criminal financial pyramids Questra and AGAM Pestyuk and Prochukhan have deceived their depositors for thousands and thousands of millions of rubles.

  6. Film-investigation: see how owners of financial pyramids Questra World and AGAM and their relatives continue to steal their depositors today. More than $200 million have been stolen. How many years of prison will the fraudsters-owners of the pyramids, Alexander Prochukhan and Cheslav Pestyuk,

  7. How the true organizers of the financial pyramid Questra World Alex Prochukhan and Czeslaw Pestjuk spend thousands of tens of dollars stolen from depositors for a black-PR campaign against the Worldcore payment system.

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