BaFin Issues Warning Against Rainbow Shared Energy
Germany’s financial regulator, Federal Financial Supervisory Authority (BaFin), has issued an investment fraud warning against Rainbow Shared Energy. The warning was published on April 20, 2026.
The regulator stated that the company is offering investments in Germany without proper authorization.
Prospectus Violation Under German Law
BaFin revealed that Rainbow Shared Energy Ltd. failed to publish a required sales prospectus. This violates the German Investment Act.
Under German law, companies must get approval before offering investment products. Failure to do so is considered investment fraud.
Link to Orange Cat Energy Ponzi Scheme
Authorities believe Rainbow Shared Energy is connected to Orange Cat Energy Technology Co. Ltd.. This earlier scheme targeted investors with a similar model.
Both platforms promoted fake “power bank rental” investments. BaFin confirmed it is already investigating Orange Cat Energy for similar violations.
Rising Threat of Click-a-Button Ponzi Apps
Rainbow Shared Energy is part of a growing trend of “click-a-button” Ponzi apps. These scams often promise easy returns through simple tasks.
Many such schemes are linked to networks operating from Southeast Asia. Since 2021, hundreds of similar frauds have been reported, targeting global investors, including many in Germany.
