ASIC has received reports predominantly from overseas investors who invested with Beurax via beurax.com, who are now unable to withdraw their investments. Beurax has stopped communicating with those investors.ASIC’s concernsBeurax promoted deposit plans and claimed investors could earn returns from 1.4% per day on their investments. This is currently an unrealistically high rate of daily return and a warning that the investment is highly speculative and high risk.

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