Is this company or group "DGM", potentially building a pyramid scheme?

[dua3346]

Salam pakwheelers!

A few of my friends got persuaded to invest a good amount of capital into this company (sharing website and front face):
dgmtraders.com
m.facebook.com/61555724994156/
instagram.com/mubashirali679?igsh=OHIxb3FjaXQ2d3dy

What do you guys think, I cant find any useful data about the company. Could they be building a pyramid scheme or scam/fraud?

feel free to tag the experts! let's hear from them.

[shakeel9045]

I am not an expert but having visited their event once and interacting with them gave me a vibe that everything related to them is fishy, the information they boast about has no reference or existence and moreover their persona seems unreal moreover adopted just like the whatsapp bonanza scammers.

[sardarg]

sir @shakeel9045 @dua3346 without approval from SECP & State Bank of Pakistan, any entity doing financial business is 100% fraud. stay away from such fraudsters.

[sardarg]