I want to share this article with bitcointalk community.
This is about ADAB Solutions Exchange, major red flags.
https://medium.com/@douglaslyons/adab-solutions-exchange-major-red-flags-found-76a86d02e01b?fbclid=IwAR07tXklAZfXCbQcdsAGBmT7ZY0oZ0knBkatMIjy0rdILpgUOgfiDbfwHuI
I want to thank you for sending the link.
Part of the article states:
ADAB Solutions sincerely believes that by following the norms of Sharia, we will be able to perform the moral and socially acceptable behavior, by exclusing all the possibilities of manipulations or speculations within business operations.
Based on this statement taken from the project information, it is my belief that the assertion here is that; because they intend to follow “Islamic Law”, that investors/clients can be assured of security and without the fear of “immoral” behaviour.
This to me is nothing more than a marketing ploy, meant to decieve investors into thinking that some type of “moral standard” exists here that is not practiced elsewhere.
It is also my understanding that the CEO/COO and Deputy CEO are not even Muslim.
Here is an example of a similar ploy perpetrated under the guise of being Shariah “compliant”. https://www.cbc.ca/news/canada/toronto/2-men-defrauded-shariah-compliant-mortgage-holders-of-millions-of-dollars-crown-tells-trial-1.4867083
YOU HAVE BEEN WARNED BECAUSE ADAB HARAAM EXCHANGE = SUPER SCAM !!
None of the Medium article release surprises me. I always knew these scammers just wanted money and the only way they could achieve their goal was to deceive people in to investing.
The only part of the article that came as a surprise was the part where it was pointed out the Deputy CEO was linked to a case where US$1 billion were stolen from a division of Alliance Bank which is where he spent 4 years as head of global trade finance division.
Thanks to the great investigation place by the Medium article author we have new information to show Adab Haraam exchange is more scam than we thought before