Business ProfileforSwift360Pays
Cryptocurrency Exchange
Current Alerts For This Business
Government Action:
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven.
June 24, 2021, The following describes a Desist & Refrain order that has been formally brought by a government agency. The Department of Financial Protection and Innovation, alleges and charges as follows:
The Commissioner of Financial Protection and Innovation (Commissioner) finds that: At all relevant times, swift360pays.com (Swift360Pays) is and was an entity of unknown form and domicile maintaining a website on the internet at www.swift360pays.com. On its website, Swift360Pays offers investments in cryptocurrencies, CFDs (Contracts For Differences, identified by the U.S. Securities and Exchange Commission (SEC) as illegal security-based swaps), and binary options. There is no record of any corporate filings in California or with the SEC, or licenses with the Department of Financial Protection and Innovation (DFPI) or the SEC, for an entity named Swift360Pays or swift360pays.com.
On its website, Swift360Pays identifies two purported business addresses - a residence at 369 S 21st Street, San Jose, California 95116, and the incomplete and invalid address of "5A Canoga Park, Carlifornia (sic), United States." The website also provides a telephone number of 437-370-0368, and an email address of support@swift360pays.com. The website further indicates that the SEC has awarded Swift360Pays "as one of the best Trading platform (sic) of 2018." The SEC does not endorse regulated industries or entities operating therein.
At all relevant times, summittrade24.com (SummitTrade24) is and was an entity of unknown form and domicile maintaining a website on the internet at www.summittrade24.com. On its website, SummitTrade24 offers investments in CFDs, cryptocurrencies, foreign currencies, business investments, binary options, and ETFs (exchange traded funds). There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named SummitTrade24 or summittrade24.com.
On its website, SummitTrade24 identifies itself as summittrade24 LLC, and provides a purported business location at the incomplete and invalid address of "5A Canoga Park, Carlifornia (sic), United States." The website also provides a telephone number of 623-562-1592, and an email address of support@summittrade24.com.
At all relevant times, smartoption24.com (SmartOption24) is and was an entity of unknown form and domicile maintaining a website on the internet at www.smartoption24.com. On its website, SmartOption24 offers investments in CFDs, cryptocurrencies, foreign currencies, business investments, binary options, and ETFs. There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named SmartOption24 or smartoption24.com.
On its website, SmartOption24 identifies itself as Smartoption24 LLC, and provides a purported business location at the incomplete and invalid address of "5A Canoga Park," "Carlifornia (sic), United States." The website also provides a telephone number of 442-243-3570, and an email address of support@smartoption24.com.
At all relevant times, tradehubs24.com (TradeHubs24) is and was an entity of unknown form and domicile maintaining a website on the internet at www.tradehubs24.com. On its website, TradeHubs24 offered investments in CFDs, cryptocurrencies, foreign currencies, business investments, binary options, and ETFs. There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named TradeHubs24 or tradehubs24.com.
On its website, TradeHubs24 identified itself as tradehubs24 LLC, and provided a purported business location at the incomplete and invalid address of "5A Canoga Park," "Carlifornia (sic), United States." The website also provided a telephone number of 425-247-1290, and an email address of support@tradehubs24.com.
At all relevant times, supergains360.com (SuperGains360) is and was an entity of unknown form and domicile maintaining a website on the internet at www.supergains360.com. On its website, SuperGains360 offers investments in CFDs, cryptocurrencies, foreign currencies, business investments "without loss," binary options, and ETFs, and offers financial advising. There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named SuperGains360 or supergains360.com.
On its website, SuperGains360 identifies addresses at 20 Lonos Street, 4th Floor, Flat/Office 401, 2406 Egkomi, Nicossia, Cyprus and "5A Canoga Park, CA, United States." The website also provides a telephone number of 781-656-4023, and an email address of support@supergains360.com. The website further indicates that "Withdrawals are processed immediately."
On or about April 28, 2020, several residents of the Czech Republic contacted Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, and SuperGains360 through the contact information provided on their websites seeking to invest in securities and cryptocurrencies. Ikan Raymond Naeni (ikannaeni@gmail.com, 786-453-6450) and Markus Kunze (markuskunze72@gmail.com, 669-237-0141) contacted these investors in reply, purportedly from a branch office in Florida and a headquarters in California, respectively. There is no record of any license held by Naeni or Kunze with either the DFPI or the SEC.
Naeni and Kunze solicited the investors to make payments to Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, and SuperGains360, purportedly for investment advice and the purchase of securities and cryptocurrencies. Naeni and Kunze accepted such payments and confirmed receipt of the investment funds.
On approximately January 13, 2021, the investors requested withdrawal of their purported investments. In response, Naeni and Kunze made no payments and instead pressed the investors for additional investments.
To date, the investors have not received any payments in return for their investments, and neither Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Naeni, nor Kunze have responded to their numerous attempts to communicate and secure repayment of their investments.
Neither Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, nor Markus Kunze has been issued a license by the Commissioner authorizing any of these entities or individuals to engage in the business of a brokerdealer or investment advisor under the California Corporate Securities Law (Corp. Code, §25000 et seq.), nor are they exempt from the licensing requirements of Corporations Code sections 25210 and 25230.
By reason of the foregoing, Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze have:
A. (1) Acted as broker-dealers and induced or attempted to induce the purchase of securities without a license, and (2) have conducted business as investment advisors without a license, in violation of Corporations Code sections 25210 and 25230, respectively;
B. Offered to sell or purchase commodities under a commodity contract, and entered into commodities contracts as a seller or purchaser, in violation of Corporate Code section 29520 of the California Commodity Law of 1990 (Corp. Code, §29000 et seq.);
C. Offered to sell securities in this state by means of untrue statements of material fact and omissions of material facts needed to make the statements not misleading in violation of Corporations Code section 25401.
D. Offered to sell, purchase, or enter into contracts for commodities, or sold, purchased, or entered into contracts for commodities in violation of Corporate Code section 29536 by: i. Willfully employing a device, scheme, or artifice to defraud; ii. Willfully making untrue statements of material fact and/or omitting material facts needed to make the statements not misleading; iii. Willfully engaging in a fraudulent or deceitful transaction, act, practice, or course of business; and/or iv. Willfully misappropriating or converting the funds, security, or property of others.
Pursuant to Corporations Code section 25532, subdivision (b), Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze are each ordered to desist and refrain from engaging in broker-dealer or investment adviser activities until each is appropriately licensed or the required filing has been made under the CSL.
Pursuant to Corporations Code section 25532, subdivision (c), Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze are each ordered to desist and refrain from engaging in violations of Corporations Code section 25401, including offering or selling a security in this state, or buying or offering to buy a security in this state, by means of any written or oral communication that includes an untrue statement of a material fact or omits to state a material fact necessary to make the statements made, in the light of the circumstances under which the statements were made, not misleading.
Pursuant to Corporations Code section 29542, subdivision (a), Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze are each ordered to desist and refrain from, unless and until such activity will not be in violation of any provision of the CCL or any rule or order under the CCL: (1) engaging in violations of Corporations Code section 29520, including offering to sell or purchase a commodity, or entering into a commodity contract in the State of California without first obtaining a license from the Commissioner, or otherwise being exempt and (2) engaging in violations of Corporations Code section 29536, including (a) willfully employing a device, scheme, or artifice to defraud; (b) willfully making untrue statement of material fact and/or omitting material facts needed to make the statements made, in the light of the circumstances under which they were made, not misleading; (c) willfully engaging in any transaction, act, practice, or course of business which operates or would operate as a fraud or deceit upon any persons, and (d) willfully misappropriating or converting the funds, security, or property of any other person.
This order is necessary, in the public interest, for the protection of California investors, and is consistent with the purposes, policies, and provisions of the California Corporate Securities Law.
To access the full Department of Financial Protection and Innovation press release, please visit: https://dfpi.ca.gov/wp-content/uploads/sites/337/2021/06/D-R-swift360pays.com_.pdf
June 24, 2021, The following describes a Desist & Refrain order that has been formally brought by a government agency. The Department of Financial Protection and Innovation, alleges and charges as follows:
The Commissioner of Financial Protection and Innovation (Commissioner) finds that: At all relevant times, swift360pays.com (Swift360Pays) is and was an entity of unknown form and domicile maintaining a website on the internet at www.swift360pays.com. On its website, Swift360Pays offers investments in cryptocurrencies, CFDs (Contracts For Differences, identified by the U.S. Securities and Exchange Commission (SEC) as illegal security-based swaps), and binary options. There is no record of any corporate filings in California or with the SEC, or licenses with the Department of Financial Protection and Innovation (DFPI) or the SEC, for an entity named Swift360Pays or swift360pays.com.
On its website, Swift360Pays identifies two purported business addresses - a residence at 369 S 21st Street, San Jose, California 95116, and the incomplete and invalid address of "5A Canoga Park, Carlifornia (sic), United States." The website also provides a telephone number of 437-370-0368, and an email address of support@swift360pays.com. The website further indicates that the SEC has awarded Swift360Pays "as one of the best Trading platform (sic) of 2018." The SEC does not endorse regulated industries or entities operating therein.
At all relevant times, summittrade24.com (SummitTrade24) is and was an entity of unknown form and domicile maintaining a website on the internet at www.summittrade24.com. On its website, SummitTrade24 offers investments in CFDs, cryptocurrencies, foreign currencies, business investments, binary options, and ETFs (exchange traded funds). There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named SummitTrade24 or summittrade24.com.
On its website, SummitTrade24 identifies itself as summittrade24 LLC, and provides a purported business location at the incomplete and invalid address of "5A Canoga Park, Carlifornia (sic), United States." The website also provides a telephone number of 623-562-1592, and an email address of support@summittrade24.com.
At all relevant times, smartoption24.com (SmartOption24) is and was an entity of unknown form and domicile maintaining a website on the internet at www.smartoption24.com. On its website, SmartOption24 offers investments in CFDs, cryptocurrencies, foreign currencies, business investments, binary options, and ETFs. There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named SmartOption24 or smartoption24.com.
On its website, SmartOption24 identifies itself as Smartoption24 LLC, and provides a purported business location at the incomplete and invalid address of "5A Canoga Park," "Carlifornia (sic), United States." The website also provides a telephone number of 442-243-3570, and an email address of support@smartoption24.com.
At all relevant times, tradehubs24.com (TradeHubs24) is and was an entity of unknown form and domicile maintaining a website on the internet at www.tradehubs24.com. On its website, TradeHubs24 offered investments in CFDs, cryptocurrencies, foreign currencies, business investments, binary options, and ETFs. There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named TradeHubs24 or tradehubs24.com.
On its website, TradeHubs24 identified itself as tradehubs24 LLC, and provided a purported business location at the incomplete and invalid address of "5A Canoga Park," "Carlifornia (sic), United States." The website also provided a telephone number of 425-247-1290, and an email address of support@tradehubs24.com.
At all relevant times, supergains360.com (SuperGains360) is and was an entity of unknown form and domicile maintaining a website on the internet at www.supergains360.com. On its website, SuperGains360 offers investments in CFDs, cryptocurrencies, foreign currencies, business investments "without loss," binary options, and ETFs, and offers financial advising. There is no record of any corporate filings in California or with the SEC, or licenses with the DFPI or the SEC, for an entity named SuperGains360 or supergains360.com.
On its website, SuperGains360 identifies addresses at 20 Lonos Street, 4th Floor, Flat/Office 401, 2406 Egkomi, Nicossia, Cyprus and "5A Canoga Park, CA, United States." The website also provides a telephone number of 781-656-4023, and an email address of support@supergains360.com. The website further indicates that "Withdrawals are processed immediately."
On or about April 28, 2020, several residents of the Czech Republic contacted Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, and SuperGains360 through the contact information provided on their websites seeking to invest in securities and cryptocurrencies. Ikan Raymond Naeni (ikannaeni@gmail.com, 786-453-6450) and Markus Kunze (markuskunze72@gmail.com, 669-237-0141) contacted these investors in reply, purportedly from a branch office in Florida and a headquarters in California, respectively. There is no record of any license held by Naeni or Kunze with either the DFPI or the SEC.
Naeni and Kunze solicited the investors to make payments to Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, and SuperGains360, purportedly for investment advice and the purchase of securities and cryptocurrencies. Naeni and Kunze accepted such payments and confirmed receipt of the investment funds.
On approximately January 13, 2021, the investors requested withdrawal of their purported investments. In response, Naeni and Kunze made no payments and instead pressed the investors for additional investments.
To date, the investors have not received any payments in return for their investments, and neither Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Naeni, nor Kunze have responded to their numerous attempts to communicate and secure repayment of their investments.
Neither Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, nor Markus Kunze has been issued a license by the Commissioner authorizing any of these entities or individuals to engage in the business of a brokerdealer or investment advisor under the California Corporate Securities Law (Corp. Code, §25000 et seq.), nor are they exempt from the licensing requirements of Corporations Code sections 25210 and 25230.
By reason of the foregoing, Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze have:
A. (1) Acted as broker-dealers and induced or attempted to induce the purchase of securities without a license, and (2) have conducted business as investment advisors without a license, in violation of Corporations Code sections 25210 and 25230, respectively;
B. Offered to sell or purchase commodities under a commodity contract, and entered into commodities contracts as a seller or purchaser, in violation of Corporate Code section 29520 of the California Commodity Law of 1990 (Corp. Code, §29000 et seq.);
C. Offered to sell securities in this state by means of untrue statements of material fact and omissions of material facts needed to make the statements not misleading in violation of Corporations Code section 25401.
D. Offered to sell, purchase, or enter into contracts for commodities, or sold, purchased, or entered into contracts for commodities in violation of Corporate Code section 29536 by: i. Willfully employing a device, scheme, or artifice to defraud; ii. Willfully making untrue statements of material fact and/or omitting material facts needed to make the statements not misleading; iii. Willfully engaging in a fraudulent or deceitful transaction, act, practice, or course of business; and/or iv. Willfully misappropriating or converting the funds, security, or property of others.
Pursuant to Corporations Code section 25532, subdivision (b), Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze are each ordered to desist and refrain from engaging in broker-dealer or investment adviser activities until each is appropriately licensed or the required filing has been made under the CSL.
Pursuant to Corporations Code section 25532, subdivision (c), Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze are each ordered to desist and refrain from engaging in violations of Corporations Code section 25401, including offering or selling a security in this state, or buying or offering to buy a security in this state, by means of any written or oral communication that includes an untrue statement of a material fact or omits to state a material fact necessary to make the statements made, in the light of the circumstances under which the statements were made, not misleading.
Pursuant to Corporations Code section 29542, subdivision (a), Swift360pays, SummitTrade24, SmartOption24, TradeHubs24, SuperGains360, Ikan Raymond Naeni, and Markus Kunze are each ordered to desist and refrain from, unless and until such activity will not be in violation of any provision of the CCL or any rule or order under the CCL: (1) engaging in violations of Corporations Code section 29520, including offering to sell or purchase a commodity, or entering into a commodity contract in the State of California without first obtaining a license from the Commissioner, or otherwise being exempt and (2) engaging in violations of Corporations Code section 29536, including (a) willfully employing a device, scheme, or artifice to defraud; (b) willfully making untrue statement of material fact and/or omitting material facts needed to make the statements made, in the light of the circumstances under which they were made, not misleading; (c) willfully engaging in any transaction, act, practice, or course of business which operates or would operate as a fraud or deceit upon any persons, and (d) willfully misappropriating or converting the funds, security, or property of any other person.
This order is necessary, in the public interest, for the protection of California investors, and is consistent with the purposes, policies, and provisions of the California Corporate Securities Law.
To access the full Department of Financial Protection and Innovation press release, please visit: https://dfpi.ca.gov/wp-content/uploads/sites/337/2021/06/D-R-swift360pays.com_.pdf
At-a-glance
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Business Details
- Location of This Business
- 369 S 21st St, San Jose, CA 95116-2722
- BBB File Opened:
- 7/16/2021
Customer Complaints
0 Customer Complaints
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