Evidence Gallery – Proof Finovative AI is a Scam
This gallery contains real, unedited evidence of how Finovative AI and account manager Jay Reddy mislead users.
Each screenshot, contract, and message is documented proof of their refusal to honour agreements, allow withdrawals, or provide transparency.
How Finovative AI Responds When You Try to Withdraw Funds
When I calmly asked to withdraw what I was told I could, Jay Reddy responded by demanding $29,235 — a “penalty” for lots I hadn’t traded.
This figure was never clearly outlined in the contract, yet I was threatened with legal action and shut out of services.
No proper withdrawal method was provided.
Just coercion.
Watch the Scam Unfold – Step-by-Step Video Proof of Finovative AI
From Google Ad to Trading Portal
This video walks through the Finovative AI experience from the very beginning: clicking a Google ad, signing up, and entering the trading portal. It shows how the platform builds trust with a sleek interface, fake trading activity, and no visible withdrawal process. I also explain the key red flags I didn’t see until it was too late.
Key Evidence:
The portal design mimics a real trading platform
No visible withdrawal section
Contract sent only after crypto deposit
No information about fees or trade conditions
Disclaimer: This video reflects my personal experience and is shared for educational and awareness purposes.
Is It Legit? It Loots Legit... Until
Finovative AI looks professional, but is it regulated or trustworthy? In this video, I examine the illusion of legitimacy they create through marketing, account manager calls, and regulation name-dropping. I also compare their claims with public regulator records and explain how victims are misled.
Key Evidence:
References to FSRA and ASIC that don’t hold up
How trust is built with vague language and delay tactics
Why many victims don’t realise they’re in trouble until they try to withdraw
Disclaimer: This video contains personal commentary and public information for education and awareness.
Contracts and Regulators - The Lie
What exactly do you agree to when you sign the Finovative AI contract? In this video, I break down the document I was given after depositing funds. I highlight the lack of signature from the company, the hidden trading requirements, and how they use this contract to trap users.
Key Evidence:
Contract received post-deposit
No countersignature from the company
Mentions of fees and trade volumes with no specifics
Conflicting messages from Jay Reddy when asked for clarification
Disclaimer: This video is based on my personal experience and is not legal advice. It is provided for transparency and public education.
How the Finovative AI Contracts Are Designed to Trap You
Finovative AI gives the illusion of legitimacy by issuing formal-looking documents: a Client Agreement, a VIP Contract, and a Risk Disclosure Statement.
But these contracts don’t stand up to legal or ethical scrutiny.
They reference fake regulatory numbers, bury hidden clauses that require impossible trading volumes, and include unlawful penalties with no enforceable basis.
These documents aren’t built to protect you—they’re built to trap you, intimidate you, and make you believe you’ve lost your rights.
Finovative AI presents a suite of formal-looking documents filled with industry buzzwords and legal jargon. But none of it holds up under scrutiny.
Their so-called “Client Agreement,” “VIP Contract,” and “Risk Disclosure” rely on fake regulatory claims, coercive terms, and legally unenforceable clauses. These documents aren’t about protecting clients—they’re about trapping them.
Client Agreement
🚩 Claims registration with Swiss regulators (CHE-498.237.014) – not verifiable
🚩 References regulatory protections that don’t exist
VIP Contract
🚩 Requires 6000 lots of trading before withdrawal
🚩 Termination triggers undisclosed fees
🚩 Fine print allows the company to change terms at will
Risk Disclosure
🚩 Vague, one-sided risk clauses
🚩 Language that tries to absolve them of all responsibility
The VIP Agreement: Trapped By Design
The VIP Agreement appears exclusive—but it’s actually a tool of entrapment.
It introduces hidden lot requirements, vague “bonus conditions,” and restrictions that only surface once your funds are locked in. None of these terms were disclosed clearly upfront.
This section breaks down the exact clauses that prevent you from withdrawing, trap you in endless trading, and make refund conditions nearly impossible to meet.
Clause 5.2 – Unrealistic Lot Requirements
“The Client undertakes to cover... 6000 lots...”
This clause sets an impossible benchmark that wasn’t explained in the onboarding or marketing. It is the foundation of the scam—used later to justify denial of withdrawals and extreme "termination fees."
Most retail investors wouldn’t even know what a ‘lot’ is—let alone how to trade 6000 of them. This clause ensures the average user will never qualify for a withdrawal.
Clause 6.1 – No Right to Terminate
“The Agreement cannot be terminated...”
Legitimate contracts include ways to exit. This clause removes your right to leave and traps your funds.
The contract says you cannot leave, and if you try, they’ll decide the penalty. There is no defined amount—just coercive control.
Clause 6.2 – Termination Fees
“...termination fee will be applied and the generated profit... might be deducted.”
These terms were never explained upfront. Jay used these vague clauses to demand a $29,235 "termination fee"—but this number was made up, not stated in the contract.
The contract says you cannot leave, and if you try, they’ll decide the penalty. There is no defined amount—just coercive control.
Clause 6.5 – Discretionary Penalties Without Notice
“...charged with a fee at the discretion of the Company without prior written notice...”
This grants Finovative unchecked power to take money at will. It is completely one-sided and would not be accepted by any legitimate regulatory body.
The contract says you cannot leave, and if you try, they’ll decide the penalty. There is no defined amount—just coercive control.
The Client Agreement – Fake Regulatory Numbers and Misleading Claims
“...Finovative AI Ltd., an international business company registered in Switzerland...”
The contract claims Swiss regulation, but the registration number leads nowhere. Finovative AI is not registered with FINMA (the Swiss regulator). This false claim of regulation is illegal under Australian consumer law and international financial law.
The contract claims Finovative is registered in Switzerland (CHE-498.237.014). A search in FINMA’s registry returns nothing. This claim is likely fraudulent.
Why the Finovative AI Contracts Have No Legal Standing
Finovative AI presents these documents as formal, binding contracts. But several key legal standards are not met, making the agreements potentially unenforceable or outright illegal in multiple jurisdictions.
Swiss Regulation (FINMA)
Swiss Regulation (FINMA)
The Client Agreement claims Finovative AI is a company registered in Switzerland under CHE-498.237.014.
A search of FINMA (Swiss Financial Market Supervisory Authority) shows no license or registration under this number or company name.
Under Swiss law, companies offering financial services must be authorized by FINMA or supervised by a recognized self-regulatory body.
Falsely claiming to be under Swiss regulation violates Swiss criminal code and FINMA’s Financial Services Act (FinSA).
Source: FINMA Public Register
Australian Consumer and Financial Law (ASIC)
These contracts were marketed to an Australian citizen via Google Ads, WhatsApp, and phone calls.
Under Australian Consumer Law (ACL), any misleading or deceptive conduct in the promotion of services is unlawful.
The contract uses unclear, unfair terms—like “termination fee at the company’s discretion” or trading volume targets that were never disclosed upfront.
These breaches may violate:
ASIC Act 2001 – Section 12DA: Misleading conduct
ASIC Regulatory Guide 271: Unfair contract terms
Corporations Act 2001 – Section 911A: Unlicensed financial services
Source: ASIC Unlicensed Conduct Guide
Contract Red Flags That Make It Legally Invalid
False jurisdiction: Claiming Swiss registration without proof
Imbalance of power: Only one party (Finovative) holds rights to fees, termination, and interpretation
Vague penalties: Amounts not defined or capped
Lack of transparency: Refusal to explain terms in writing or escalate issues
Coercive Messages from Jay Reddy and Finovative AI
Below are real messages sent to me by Jay Reddy, Finovative AI's primary representative. Each message shows a different manipulation tactic: from emotional pressure to refusal to escalate, to outright gaslighting.
Tactic: Coercive Control
"We will speak on the phone. Email WhatsApp will not make it clear for you."
Tactic: Gaslighting
"You ran away... it’s too late now. You signed the contract."
Tactic: Isolation
"No one can do that. No one will."
Tactic: Emotional Manipulation
"If helping you is harassment, then I am okay with having this harassment."
These messages are not out of context. They are part of a sustained pattern of coercion designed to keep victims from asking questions.
Tactic: Isolation
“No one can do that. No one will.” — framing the user as helpless to discourage outside support.
Tactic: Avoiding Written Evidence
“We will speak on the phone. Email WhatsApp will not make it clear for you.” — avoiding anything that could be documented.
Tactic: Gaslighting
“You ran away… it's too late now.” — shifting blame and rewriting the narrative.
Tactic: Legal Intimidation
“You are breaking the contract… sent to the legal department.” — fabricated legal consequences to apply pressure.
Tactic: Emotional Manipulation
“If helping you is harassment… I’m okay with that.” — twisting the situation to generate guilt.
Tactic: Financial Extortion
“Pay the $29,235 termination fee and get your funds out.” — leveraging fake penalties to block withdrawals.
Timeline of What Happened – Step by Step
Click. Deposit. Sign. Get Blocked.
Timeline – My Experience with Finovative AI
This is the actual sequence of events from my time with Finovative AI. What started as a friendly, professional onboarding soon unravelled into a pattern of manipulation, pressure, and coercion. The more I tried to withdraw, the more I was met with emotional guilt, vague threats, and fabricated legal claims. If any of this sounds familiar, you're not alone.
Early July 2025 – Initial Onboarding
I saw a Google ad promoting Finovative AI, featuring well-known public figures (which I later learned were used without permission). I registered and was quickly contacted by an account manager named Jay Reddy. At first, he was warm, reassuring, and confident.
He explained the trading system was AI-powered and that I could withdraw my funds at any time. He promised ongoing support and that everything would be clear and simple. None of this turned out to be true.
I looked through the contracts, and though there were questions, they still looked legitimate. Stating that they are regulated by which company, and their registration number. Jay was constantly referencing that they were legal and registered, but the I was in the trap, it was how to get out of the trap that I never saw coming.
During another call, he told me to do everything through crypto.com (who are not part of the scam), but he said that using them was a way of not paying taxes. He encouraged me to access my superannuation (which I did not do), and even take out a loan as I could make a lot of money ~ when I said I wouldn’t do that, he asked why not? With every daily phone call for the week, I asked about the fees, and he said it was a verbal contract of no more than 12.5%, and that all calls are recorded. They are not.
8 July 2025 – I Raised Contract Concerns
After being sent a new VIP contract, I reviewed it and immediately raised concerns. It referenced vague OTC requirements, hidden fees, and lacked essential terms and conditions. I emailed to say I would not sign, and I would not invest more. I also stated my intention to begin withdrawing my funds.
With assurances that I could withdraw my funds immediately, but get a bonus if I transferred them across briefly, I did but started to become concerned when the transfer took so long, and needed him to be there to ‘approve’ receipt of it, despite him telling me he has nothing to do with receiving or withdrawing funds. I had a serious concern at that point, but I have been put on the spot and pressured with words like ‘don’t you trust me’, ‘I’m trying to help you’, ‘this bonus gives you more leverage’. I did sign this VIP contract, with assurances that I can make the required lots ‘easily’ with what was in my account. I thought I was being careful, that if I kept a certain amount in the trading account, and kept withdrawing, it would limit any loss. What I didn’t realise until it was too late, was that the scam was to get any money from me, and I don’t even know if any trades happened.
15 July 2025 – I Requested Withdrawal
I submitted a $15,000 withdrawal request via the portal and told Jay I’d be requesting the remainder shortly. His tone started shifting. First he started telling me that he thought that I was serious about wanting to make money, and that he thought we were on the same page. When I explained that I didn’t fully trust the system, and wanted to be careful with how I proceeded, again his attitude changed. He began referencing trade "performance" and "fulfilling your OTC lots"—none of which had been discussed or clearly defined prior.
16 July 2025 – Trades Reopened Without Consent
After a phone discussion, which he tried to get me to deposit $200,000 into my account so I could achieve the ‘required lots’ and make guaranteed money, which I didn’t believe and didn’t intend to do, he was again angry. I closed all trades and told him to stop trading.
Despite asking for all trading to stop, trades were reopened on my account. I manually closed them.
That evening, I sent a formal email requesting:
All trades to cease
The full withdrawal of $71,116.64
Escalation to senior compliance
I attached screenshots and explained the situation clearly. I was met with no formal response, just more pressure from Jay.
17–18 July 2025 – The Pressure Intensifies
Jay repeatedly refused to give written explanations. He insisted I speak to him by phone, stating:
"We will speak on the phone. WhatsApp and email will not make it clear for you."
I asked for escalation, and he responded:
"No one can do that. No one will."
This is when the tone turned aggressive. He accused me of breaking the process, of not trusting him. When I asked about fees, he deflected. When I mentioned the contract's inconsistencies, he ignored them.
19 July 2025 – I Sent Formal Escalation Emails
I sent multiple formal emails to Finovative’s published addresses (support@, compliance@, complaints@, admin@, legal@), explaining what had happened and requesting senior intervention. All bounced back. Even the emails and phone numbers on their website. There as enough information on the website to look legitimate, but it wasn’t.
The published escalation pathways do not exist. There is no legal or compliance department—only Jay.
21 July 2025 – Legal Threats from "The Team"
I received messages from Jay claiming the contract had been sent to their legal team. But the wording, tone, and style were identical to his prior messages—emotional, reactive, and filled with personal references to our phone calls. It was clear these so-called legal messages were written by him.
He demanded $29,235 as a termination fee for not fulfilling trade volume, despite the contract never defining this amount. I was told:
"You are breaking the contract. We are sending this to legal."
This was not legal action—it was intimidation.
Personally, I have screenshots of all Whatsapp Messages, export of the conversations, emails that were sent but never received/ read/ actioned.
Everything has been sent to every regulator possible, ASIC, FINMA, St Luica, Cybercrime, Cyrpto.com, Scamwatch etc.
Been Scammed by Finovative AI? You’re Not the Only One
If This Feels Familiar, You're Not Alone
This pattern isn't unique to me. It's part of a broader strategy used by Finovative AI to extract crypto from people under the illusion of safety and AI-assisted trading.
If you recognise this experience:
Save all messages, screenshots, contracts
Report to ASIC, Scamwatch, FSRA (UAE), or FINMA (Switzerland)
Consider speaking to a community legal centre or cybercrime reporting agency
You are not at fault. But you are not powerless.
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