Another MLM Platform - MIA Collapsed

So, it is in the news today.
http://www.guangming.com.my/node/492984/網傳mia黃金投資崩盤-中馬新數萬人虧過億

The MLM platform was rumoured to be doing bank run. Estimated more than 10,000 people affect with more than 100 millions of funds at risk.

According to MIA's website (website screenshot) MIA platform is founded by Antonio Ferez, run by CEO Jensen Choong and CMO Dato' Paduka Zamri Nazir.

Of course, the identity of these individual could not be verified other than the info posted on the site. Which make the financial platform suspiciously dubious. I mean, you won't want to trust your money with some fictionous person on the internet, without any digital footprint and reputation.

You can read more about Mia Products and reviews here:
https://behindmlm.com/mlm-reviews/mia-review-malaysian-spot-gold-trading-scheme/

According to the website, the company is "focusing mainly on 3 core factors of the business" - crypto mining service, crypto trading exchanges, and planning to do ICO. Given the fact there is really no tangible/profitable business here, also there's no detail on the road map, this is also another clear sign of red flag.

Be careful and always DYOD before putting your money in other's hand.

Sources:
Full website screenshot (for archive purpose)
https://www.mia491.com/
https://cypmiainc.com/
https://behindmlm.com/mlm-reviews/mia-review-malaysian-spot-gold-trading-scheme/