Everyone knows Kevin Mirshahi in the crypto world in Montreal. His name is still worth gold, despite the court ban preventing him from offering his investment advice since 2021.
“He left another group as soon as the AMF became interested in him,” one of his ex-clients revealed to us on Friday, on condition of anonymity.
Kevin Mirshahi was all the rage on Telegram in 2021. His group called Crypto Paradise had 2,300 members who paid a monthly fee to know which cryptocurrency to invest in.
“I made several good moves thanks to him,” another ex-client who attended the same high school as Mirshahi told us.
When The newspaper brought the Marsan affair to light, in April 2021, the Financial Markets Authority (AMF) opened an investigation into Antoine Marsan and Kevin Mirshahi.
Marsan, a 22-year-old from Laval, had hired Mirshahi to promote his new cryptocurrency token, MRS, to members of Crypto Paradise.
Marsan-Mirshahi’s campaign worked so well that between the token’s launch on April 14, 2021, and the collapse of its value on April 18, holders went from 637 to 3,470.
Marsan and Mirshahi said they subsequently received death threats.
The two men were banned from practicing under the Securities Act by the Court in July 2021. They still are.
Dozens of Quebecers aged 16 to 20 have lost everything in the MRS. Three days after launch, the token’s value was at a high of $5.14.
On the fourth day, two big holders liquidated everything without warning. The value collapsed to $0.54 on April 18, 2021. All small investors saw their money disappear.
Since the court ban, Mirshahi has been operating The Amir Group, still on Telegram. All our sources indicate that he never stopped providing his advice.
The AMF refused to say whether it is aware of the existence of the second group on Friday. The Authority stated that Marsan and Mirshani are still prohibited from practicing under the Securities Act.
Mystery and… luxury
Kevin Mirshahi is known for his discretion. Almost no one knows what he looks like.
“All I know is that he’s small,” said a third ex-client Friday afternoon at Newspaper.
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He does have an Instagram page where he displays an ostentatious and luxurious lifestyle, like other influencers in the crypto sector.
He also has a LinkedIn page. Impossible, however, to validate that it is he who is the instigator.
“We think that someone who wanted to piss him off put his photo on LinkedIn,” he told Newspaper one of his ex-clients, Friday.
