Beware of Monaco and the team behind.

CEO of Monaco, Kris Marszalek, and 2 of his other senior executives held similar positions in a the company Ensogo. This company was forced to shut it doors middle of last year (2016), and suspended by the Australian Securities Exchange (ASX). They are being investigated for fraud and there are many looking to collect.

https://www.facebook.com/EnsogoPH/

Ensogo’s Wiki

https://en.wikipedia.org/wiki/Ensogo
“On June 21, 2016, Ensogo announced that it will shut down all South East Asia operation (including Hong Kong) and its CEO Kris Marszalek has resigned;”
"it also requests ASX to suspend shares trading. The unprecedented shutdown affected operations in several countries; workers in Singapore found the office was closed, Hong Kong sellers call for police investigation of fraud and certain stores in Thailand rejecting deals purchased by consumers, though the Consumer Protection Board is expected to summon Ensogo executives for remedial issues.”

What’s common between them:

Kris Marszalek - CEO
Rafael Melo - CFO
Timothy Hitchens - Technology Advisor