Apparently Com raised funds from numerous people in the UAE, UK, Canada as well as the US without the appropriate licenses or legal designations meaning that he has most likely broken several laws in all of those countries. According to my sources all appropriate documentation is being forwarded to authorities to deal with. If that’s the case I fully expect this story not to have a very happy ending for him.
After some investigation it has also been reported that Com has undergone several name changes and has had several legal cases against him in Canada. The SEC is also apparently investigating him for alleged charity fraud.
Com has yet to respond to any of the very serious allegations made against him. He’s issued a couple of statement claiming that he will respond to the accusations shortly but so far he’s yet to issue anything.
One interesting note is how his website has changed since the allegations have been made against him. Just a few months ago on his website he clearly states amongst other things that
“He owns two luxury car rental companies and can usually be found driving around the streets of Dubai in a Rolls Royce, Ferrari, Lamborghini, Bentley or SUV.”
“He owns manages and is a partner in 34+ companies across 8 countries and has made over 100 + investments as an investor in 9 different industries ranging from technology to real estate.”
Since the accusations of fraud and other atrocities have been brought against him his website has since been changed to remove all trace of these and other claims of his wealth. A logical conclusion would probably be to conclude that he is trying to cover his tracks (or maybe he just sold those businesses?).
Additionally they have reached out to Venture Haven (the company in Singapore that Com used to for form Habibi) in order to ensure that Habibi coin has no legal standing.
I tried to reach out to Aziz Com Mirza to get his side of the story but he did not respond to my requests.