On October 17, 2025, Alberta’s Securities Commission (ASC) added Des Alpes LLC to its Investment Caution List, warning that the firm is unregistered to trade or advise on securities or derivatives in Alberta, per ASC’s official announcement. The ASC emphasizes that dealing with unregistered entities offers no investor protections, urging caution against potential fraud. This follows Quebec’s Autorité des marchés financiers (AMF) fraud warning on September 19, 2025, marking the second Canadian province to flag Des Alpes. The ASC links Des Alpes to related entities La Communauté des Alpes and Grace des Alpes, and domains including desalpes.world, gracedesalpes.ca (promoted by Yolene Gray, Pastor Noah, and Armel Ndounkeu, aka “Coach Armel”), and innitshop.com (Des Alpes-branded e-commerce site, currently inaccessible with a 403 error), per ASC and AMF alerts.
Des Alpes, founded by CEO Daniel Dalpe based in Quebec, operates as an MLM crypto pyramid scheme primarily targeting French-speaking Quebec residents, promising high returns through recruitment and monthly fees without legitimate products or services, per. The scheme uses a 2×20 forced matrix, where affiliates pay to unlock levels and earn commissions from recruits, resembling classic pyramid structures flagged by regulators, per. Quebec’s AMF warned that Des Alpes solicits investors without authorization, violating securities laws, and highlighted aggressive recruitment tactics, per. Traffic data shows low engagement, with the scheme’s sites drawing minimal visits, primarily from Canada, per SimilarWeb estimates.
The ASC’s caution list entry underscores Des Alpes’ lack of registration, aligning with AMF’s September warning that prohibits solicitation in Quebec, per. This dual Canadian alert reflects broader efforts to combat MLM crypto fraud, similar to warnings against schemes like Forsage or Zionix Global, per. Investors face total loss risks, as pyramid schemes collapse when recruitment slows, with no recourse due to unregistered status, per. X discussions, including alerts from @CryptoLawyerz, urge immediate withdrawal and reporting to regulators, per. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) remain unaffected, per CoinMarketCap, but Des Alpes highlights ongoing crypto scam vulnerabilities.
Avoid Des Alpes and report suspicions to ASC at asc.ca or AMF at lautorite.qc.ca, per. Verify firms via Canada’s National Registration Search at checkbeforeyouinvest.ca, per. Diversify into regulated assets like USDC or ETH with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for fraud alerts. With increasing regulatory scrutiny, schemes like Des Alpes may face shutdowns by 2026, per.
