Mansour Tawafi – Involved in a Ponzi Scheme! Be Wary of Scammer (Latest Update 2023)
Mansour Tawafi is the co-founder, President, and VP of Sales of the notorious Ponzi scheme and MLM scam, Validus.
The pyramid scam acquired another Ponzi scheme called AuLives in 2021.
AuLives was the last venture by Mansour and prior to that, he was involved in the OneCoin scam as well.
Mansour is highly experienced in running Ponzi schemes and Validus is his latest attempt at squeezing out more money from gullible investors.
Both of his last ventures were Ponzi schemes and it’s obvious that he knows what he’s doing with Validus MLM.
In this write-up, I’ll take a closer look at this MLM scammer and help you understand why you should avoid dealing with him and his companies:
Who is Mansour Tawafi?
Mansour Tawafi claims to be a leadership expert and a FinTech enthusiast. He claims to have been in the networking and public speaking industry since 2013. Initially, he was based in the UK.
But after scamming numerous people in that country, he fled to Dubai.
Now, he is running Validus, a Dubai-based pyramid scheme.
One of his most notable ventures was AuLives. The Ponzi scheme succeeded in defrauding hundreds of investors before collapsing in 2021.
After its collapse, Validus purchased the affiliate investor database of the company. However, it’s interesting to note that Mansour’s business partner, Dr Parwis Daud, was not seen anywhere on Validus’ website or social media pages in the beginning.
Later, he started appearing at the company’s events and claimed to be the Chief Network Officer of the firm.
Also, Frank Ricketts became the CEO of AuLives for a short period. However, he is facing a trial in Germany for money laundering so that’s probably why Mansour Tawai hasn’t mentioned him on Validus.
Validus markets Howard Friend as its CEO.
Regarding Mansour, he claims that he is a dropout of UCL. Currently, he is marketing Validus in various countries, particularly in Africa and Europe.
What is a Ponzi Scam?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi fraud is a fraudulent investing deception that induces retrievals for earlier investors with money carried from later investors.
What is Validus MLM and How Mansour Tawafi is Involved?
Interestingly, Mansour Tawafi doesn’t market many products. The official website Validus doesn’t offer any products or services to consumers. Instead, its affiliates only sell more affiliate memberships.
However, according to its second website, Validus Trading is a trading academy that focuses on providing trading education to consumers. The company claims to sell fee-based trading courses to help individuals navigate financial markets better.
Validus Trading mentions “ValidusPOOL” on its website as well.
Apparently, the company claims to have products in multiple industries including Forex, Gaming, NFTs, and crypto. The company claims to reward its members through this pool.
This is a pretty common tactic among the latest MLM scams.
For example, LyoPay claims to be working on multiple ventures including LyoPhone and LyoTravel, and all of them are supposed to reward their members. None of them exist and the scam is still ongoing.
Mansour Tawafi’s Validus Trading claims to offer 300% ROI within 60 weeks. They even mention another notorious MLM scam, OmegaPro, claiming to make people “millionaires”.
The company claims to have a world-class platform and focuses on educating people about finances. However, there is no specific material available on their website to figure out exactly what they teach at Validus Trading.
Clearly, Mansour Tawafi is using jargon to make his company seem legitimate.
The real product they sell is their affiliate memberships for which, the company has a very detailed compensation plan:
Validus Compensation Plans:
Every pyramid scheme has a detailed and very lucrative compensation plan. Validus Trading is no exception.
The company claims to offer 300% ROI within 60 weeks on your investment. Their investment packages range from $50 to $10,000.
The minimum investment requirement to join the company is $100.
To ensure people can’t file chargebacks with their payment providers, Mansour Tawafi has made sure that Validus only accepts payments in cryptocurrencies.
So, if you’re interested in investing in the company, you would need Bitcoin, TRC-20, or Ethereum.
Also, the company doesn’t give you your withdrawn money completely. You only get 70% of the requested amount.
Apparently, the company gives the rest of the money as 10% monthly payments for 12 months.
Validus MLM Affiliate Ranks:
Again, like any other MLM scheme, Validus Trading has a detailed affiliate ranking structure. Rankings depend on the amount of investment you bring to the company.
Mansour Tawafi’s experience in running AuLives and promoting OneCoin has helped him in designing these rankings:
|Recruit and maintain 2 members, produce $2000 in downline investment ($1000/$1000 split across the binary team)
|Maintain 2 members, produce $10,000 in downline investment ($5,000/$5,000 split across the binary team)
|Maintain 2 members, produce $40,000 in downline investment ($20,000/$20,000 split across the binary team)
|Maintain 2 members, produce $160,000 in downline investment ($80,000/$80,000 split across the binary team)
|Recruit and maintain one Ruby member on both sides of the binary team, produce $500,000 in downline investment ($250,000/$250,000 split across the binary team)
|Recruit and maintain one Emerald member on both sides of the binary team, produce $1,500,000 in downline investment ($750,000/$750,000 split across the binary team)
|Recruit and maintain three Diamonds, produce $4,000,000 in downline investment ($2,000,000/$2,000,000 split across the binary team)
|Recruit and maintain three Blue Diamond members, produce $8,000,000 in downline investment ($4,000,000/$4,000,000 split across the binary team)
|Recruit and maintain three Black Diamond members, produce $16,000,000 in downline investment ($8,000,000/$8,000,000 split across the binary team)
Also, the company claims to pay its affiliate members a 10% referral commission on the investments of their personally recruited members. However, the company has limited referral commissions to $10,000 per day.
As you can see, Mansour Tawafi has used this experience in running scams to ensure Validus Trading looks lucrative.
Apart from the above commissions, the company claims to offer residual commissions of up to $35,000 per week (commission from the investment of your binary team). Similarly, the company claims to offer Rank achievement bonuses as well:
|Apple Watch Series 7
|BMW 3 Series
If you don’t know about the nature of this scam, you might certainly get swayed. That’s what Mansour Tawafi does.
He wants gullible investors to think they can win sports cars and make thousands of dollars every day by joining his scam and making other people join this pyramid scheme.
Explaining the Validus MLM Scam by Mansour Tawafi:
It’s obvious that Validus Trading is just another MLM scam. Mansour Tawafi has provided this company with a detailed compensation plan and lucrative ranks to make it stand out but it won’t change the truth.
Validus is a Ponzi scheme. A Ponzi scheme involves paying its existing investors in a nonexistent enterprise by using the funds of its new investors. Their survival is dependent on new recruitment. As soon as recruitment begins slowing down, these companies collapse.
Almost all investors lose their money with a Ponzi scheme.
They attract investment by promising high returns and low risk. However, these companies never succeed. The previous venture of Mansour Tawafi is a great example.
AuLives survived in the market for a couple of months until it collapsed in 2021.
There are plenty of examples of such Ponzi schemes. For example, Justin Halladay is another MLM scammer who used to run CashFX. CashFX collapsed after running for merely 2-3 years.
The company caused severe losses to thousands of investors across the globe. Only Justin and his friends were the people who made any money from this scam.
I can say the same about Mansour Tawafi. When the Ponzi scheme of Validus Trading collapses, only he and Howard Friend would be the ones left with the funds.
Also, the scam has received a warning from a financial regulator. That’s all you need to know about the legitimacy of this pyramid scheme:
FMA Issues Warning Against Mansour Tawafi’s Company:
The Financial Markets Authority, the financial regulator of New Zealand, has issued a warning against Mansour Tawafi’s scam: Validus.
The regulator says that they are aware of the seminars this company is conducting in New Zealand to promote its products and services.
They are concerned that Validus is operating in breach of the New Zealand financial markets legislation. Particularly, the company is selling financial services in the country without registering as a financial services provider.
FMA has strongly recommended investors avoid this company.
Financial regulators only issue warnings against known scams and frauds.
Validus Dubai Reviews: Victims Expose Mansour Tawafi
Apart from a fraud warning, there are plenty of Validus Dubai reviews on Mansour Tawafi’s company exposing its scam. Going through these reviews will help you figure out how dangerous this Ponzi scheme is.
Here is what the victims of Mansour Tawafi are saying:
“Mansour Tawafi Doesn’t Issue Refunds, Has Horrible Customer Support Staff”
Here, the reviewer points out that the ROI in 12 months is not a convenient facility here because the customer support of Mansour Tawafi is horrible. They say the staff gives the same reply again and again.
The reviewer highlights that they have tried to cancel their investment because Team Validus says the investment is not locked. However, the company doesn’t refund them. Instead, they reply rudely to their refund request.
Clearly, the victim doesn’t recommend investing in Validus Trading.
“Team Validus is a Scam”
Imran points out that Team Validus is a scam. He urges others to not deal with this company.
“Mansour Tawafi is Making Affiliates Write Fake 5-star Reviews”
Nancy points out that the mindless leaders of this scam only want you to pump in as much money into Validus as possible so they can achieve their ranks.
The company lies about issuing withdrawals per week. Nancy highlights that Validus Trading issues withdrawals in 60 weeks contrary to what it claims.
Also, the company is urging its members in chat groups to post 5-star reviews so more people would fall for the scam.
Nancy says Mansour Tawafi and other leaders are scammers spreading wrong information everywhere.
Here are some additional Validus Dubai company reviews:
More Validus Dubai Reviews:
After going through the above points, it’s clear that Mansour Tawafi is a dangerous scammer you should avoid.
He has a lot of experience in running and promoting Ponzi schemes. His latest scam, Validus, is extremely dangerous and you should stay as far away from it as possible.
There are plenty of their victims already and the number will only grow.
If you want to raise awareness against this scam, please share this review on social media. The more people know, the better.
Every bit helps.
Mansour is an experienced scammer involved in multiple Ponzi schemes. His current scam, Validus Trading, is extremely dangerous and has received a scam warning from New Zealand’s financial regulator. Beware.
- MLM Scammer
- Received scam warning from FMA
- Ponzi schemer