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
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.
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.
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!