A Dubai firm in the sights of the AMF

A Dubai firm in the sights of the AMF
A Dubai firm in the sights of the AMF

Make a fortune with your phone, after a few online courses … if all of this sounds too good to be true, that’s also what the Autorité des marchés financiers (AMF) believes, which has just put the public on guard against BE Factor, a company registered in and offering just that.

“Several individuals and groups working in Quebec have been identified as promoting the products and services offered by BE Factor”, indicates the AMF.

These requests are mainly made through social networks, adds the organization in its warning about BE Factor published Wednesday.

The company, which was known as Melius until recently, sells a subscription to its online learning platform. Produced “by experts”, it offers courses on topics such as blockchain – cryptocurrency – online commerce, the real estate market and the stock market. Different “packs” are sold and their price ranges from $ 100 to $ 150 per month, according to the BE Factor website.

Above all, we must have been referred to be able to subscribe. Melius, now BE Factor, has been the subject of a few reports, notably in France and the UK, for its pyramid schemes.

“We encourage you to go recruit two people, who themselves will have to recruit two other people, etc.” It corresponds, if you will, to paid word of mouth, ”said Claire Castanet, from the Autorité des marchés financiers in France, to the daily Le Parisien, last June.

By means of polished videos published especially on social networks, we make you dangle that at the end of the day, a life furnished with luxury cars and embellished with many trips awaits you. “BE Factor dangles the attractions of easily acquired wealth,” writes the Quebec AMF.

The company may have changed its name, but its practices have not changed. You always have to find new customers to make money with BE Factor. Investments in the company “allow investors to obtain remuneration based on the recruitment of other members”, indicates the AMF in its warning.

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