5% Daily Profit? SEC Flags Down Oriental Peak Mining’s Online Investment Scheme
Oriental Peak Mining promises a guaranteed 5% daily profit, or a total profit of 300% for 60 days, 225% for 45 days, or 100% for 15 days.
Oriental Peak Mining promises a guaranteed 5% daily profit, or a total profit of 300% for 60 days, 225% for 45 days, or 100% for 15 days.
The investment scheme offered by these entities is considered a form of “investment contract” as defined by the Securities Regulation Code.
BSP Dir. Glindro said that since the pilot is for wholesale CBDC, it is only limited to a number of participating financial institutions.
SEC says TRADING CARTEL is not registered with the Commission as a corporation or partnership, and is not authorized to solicit investments.
Since 2022, the SEC has added social media influencers to the list of individuals that may be criminally liable for being involved in schemes.
The entity demands an investment ranging from ₱400.00 to ₱7,700.00 and takes about 25 to 150 days to double the invested money.
Lele Gold has shut down after an advisory from the SEC calls it a Ponzi Scheme. Investors are asked to wait for further notice.
Is the SEC’s advisory action vs Lele in the best interest of all parties involved, despite receiving mixed reactions from the public?
SEC confirmed that Ryan Cagod Ladoing and Renan Lara Ladoing, the incorporators of Silverlion, have not been captured yet by the authority.
The SEC states that the mobile application is not registered as a corporation or partnership and operates without the necessary licenses.