Greece Issues Securities Fraud Warning on Aurum Foundation
Greece’s Hellenic Capital Market Commission (HCMC) has issued an official securities fraud warning against Aurum Foundation. The alert was published on May 15, 2026.
Aurum Foundation Operating Illegally in Greece
The HCMC confirmed that Aurum Foundation Ltd has not received authorization as a crypto-asset service provider in Greece. The company also failed to notify authorities for cross-border services. As a result, Aurum Foundation is operating illegally in the country.
Dubai-Based MLM Crypto Ponzi Scheme
Aurum Foundation is a multi-level marketing (MLM) crypto Ponzi scheme launched in mid-2024 from Dubai. It started as a Boris CEO-style Ponzi, often linked to Eastern European operators. The company is now publicly fronted by CEO Bryan Benson, who is based in Dubai.
Russian Ties Behind the Scheme
Website source code analysis shows strong Russian connections. The actual operators are believed to be Russian scammers also hiding in Dubai.
High Traffic from Greece and Prior Warnings
As of April 2026, Greece accounted for 24% of traffic to Aurum Foundation’s main website, making it the top source ahead of the US at 23%. The platform has already received fraud warnings from Russia, Nigeria, and New Zealand. This latest Greek alert adds to growing international concerns.
