PNP Tells Public: Be Cautious in Fake Crypto Investments as Holiday Season Gets Nearer
The Philippine National Police advises Filipinos to be careful of cryptocurrency scams specially during the holiday season.
The Philippine National Police advises Filipinos to be careful of cryptocurrency scams specially during the holiday season.
As per the SEC, illegal corporation Sophia Francisco Holdings still operates, now in the name “CryptoGix”
When the victims tried to get their money back, the managers just told them that the quota had been reached.
A large scale human trafficking syndicate is turning OFWs to be crypto scammers in Myanmar, Sen. Hontiveros revealed.
The lack of previous crypto knowledge on the consumer’s part enables scammers to take advantage of them by convincing them of significant returns for their investment.
Simply, an investor is entitled to receive passive income from the pool of investment traded as Coin De Oro cryptocurrency, while active income is acquired from recruitment bonuses.
Mr. Egypto of SEC said he is not surprised that the scams are also preying on people with authority, such as the former vice mayor, because it makes it easier to lure ordinary people to invest.
An advisory from the Philippines’ Securities and Exchange Commission (SEC) has detailed how unlicensed investment firms have begun soliciting investments from social media and has used its power to lure investors in illegal money-making schemes.
The Philippines’ Securities and Exchange Commission has issued an advisory against a bitcoin investment scheme running in the country.