SEC also said Won Project took advantage of the current health crisis by offering a promo that gives an additional 50% bonus on Woncoin purchases during the pandemic so that these investors can earn during the quarantine period.
Furthermore, one main account apparently received $52 million worth of EOS tokens and speculation is that more funds may still be missing.
SEC: Based on numerous online postings, TBC claims that TBCoin’s value will never drop and only continues to increase by 1 – 5% daily until it reaches 1 billion Euros per 1 TBCoin (1 TBC).
SEC said “trading bonus system” is a favorite tool of scammers because it prevents the investor from withdrawing the investments until certain conditions are met.
The SEC said CryptoPeso, which is operating a “PHPc Staking Program” is not authorized to solicit investments from the public because it lacks the necessary licenses to do so as stated in the Securities Regulation Code.
SEC warns against the groups: MagInvest Ka Online (MIK.O), Azenzo Online, and President: Rodrigo Duterte Charity Foundation
SEC warned than any salesmen, broker, dealer, or agents acting on behalf of Bitrade will be held criminally liable.
Bitcoin Revolution claims investors can earn as much as $1,000 per day. That’s 300% per day / 9000% per month for a minimum investment of $250.00
The arrest warrant was issued by the Cagayan De Oro City Regional Trial Court Branch 21.
Invest, Wait, and Earn Option – 50% weekly income depending on the amount invested, which ranges from Php 1,000 to Php 500,000. The investor also has the option to reinvest.