On November 3, 2025, Austria’s Financial Market Authority (FMA) issued a securities fraud warning against SageMaster TechHost Worldwide Inc., stating it is not authorized to conduct securities transactions under Section 3 Paragraph 2 Item 6 of the Securities Supervision Act 2018 (WAG 2018), per FMA’s official notice. The FMA emphasizes that SageMaster cannot legally offer order execution services for customers in Austria, classifying its activities as securities fraud due to lack of registration, per. This follows similar warnings from Luxembourg’s CSSF in October 2025, which highlighted SageMaster’s unauthorized trading training and AI tools for forex and CFD investments, per CSSF.
SageMaster operates as an MLM investment scheme under Be Club, a Dubai-based pyramid scheme run by co-founders Monir, Moynul (Moyn), and Ehsaan Islam, former OneCoin promoters, per. Be Club has faced fraud warnings from Quebec (2020), Colombia (2024), Norway (2023), Uruguay (2023), Philippines (2023), New Zealand (2024), Ontario (2024), and Luxembourg (2025), per. Moynul Islam downplayed these in January 2025, calling warnings “common for most companies,” per. SageMaster promises high returns via AI-driven trading, but lacks transparency, with no verifiable regulatory compliance, per.
As of September 2024, SageMaster’s website attracted 51,800 monthly visits, primarily from Italy (47%), Japan (30%), and Spain (5%), per SimilarWeb. Be Club saw 13,500 visits, mainly from Italy (69%), Colombia (13%), Switzerland (10%), and Canada (10%), indicating aggressive recruitment in Europe and Asia, per. Reddit discussions on r/Scams label SageMaster a potential scam, noting its Dubai base and OneCoin links, with users reporting unrealistic returns and recruitment pressure, per. X sentiment echoes this, with users warning of MLM red flags like unsolicited Dubai trips and high-pressure sales, per.
SageMaster’s unlicensed status risks total loss of investments, with no recourse under Austrian law, per FMA. This mirrors global MLM crypto scams like OneCoin ($4B losses), per. Bitcoin (BTC) ($108,000) and Ethereum (ETH) ($3,800) remain stable, per CoinMarketCap, but SageMaster erodes DeFi trust. Verify platforms via FMA (fma.gv.at) or ESMA (esma.europa.eu); report fraud to local authorities, per. Diversify into USDC or ETH with stop-losses below BTC’s $107,000, per TradingView. Follow @TheBlock__ on X for updates. SageMaster’s warnings may lead to EU-wide bans, per.
