PUBLIC ALERT – Fraudulent Investment Scheme: WORLD WAY CAPITAL
The Securities and Exchange Commission (“SEC”) has become aware of a fraudulent investment scheme being promoted by WORLD WAY CAPITAL LP (“WWC”) and its associates, including a MR. SERGIU VALUTA on behalf of DELACROIX ENTERPRISES LTD. We understand that WWC was or is still being promoted via seminars and presentations and have had reports of […]
Notice on Cryptocurrencies And Related Digital Products/Assets
The Securities and Exchange Commission (“the Commission”) has noted the rise in popularity and prominence of cryptocurrency and related digital assets. These products/assets are numerous with their ever broadening form spanning from the famous Bitcoin, alternative coins, Initial Coin Offerings (“ICOs”) to other products/assets that are emanating from block-chain technology. Their market has grown rapidly […]
PUBLIC ALERT : FUD-FOOTBALL
The Securities and Exchange Commission (“SEC or the Commission”) and the Financial Intelligence Centre (FIC or Centre) have become aware of an article circulating on various online and social media platforms regarding a scheme called “FUD betting platform”. The SEC and FIC understand that this platform is being championed by an entity called “FUD-Football” as […]
“SCAM” ALERT: AGR SOLAR ENERGY CO LTD
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “AGR Solar Energy Company Ltd.” The scheme is being marketed on social media platforms such as Facebook and WhatsApp as being involved in renewable energy projects, and has been inviting participants to “rent” or “purchase” photovoltaic (PV) panels, which are allegedly used to generate income through energy-related activities. The AGR Solar scheme encourages recruiting other people for monetary rewards and other benefits.
“SCAM” ALERT: TRUST FUNDER
The Securities and Exchange Commission (“the Commission”) has identified a purported capital raising and investment scheme operating under the name “Trust Funder.” The scheme is being marketed on social media platforms such as Facebook and WhatsApp as being a crowdfunding platform, where individuals are invited to pay money (which they are referring to as donations) to others with business ideas with each participant required to recruit at least two people to join in order to receive payments from those members.
Ponzi Scheme: CORE VARIOUS
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “Core Various.” The scheme is actively promoted on social media platforms like Facebook and WhatsApp, claiming to offer investors returns of up to 10 times their initial investment after 100 days. It features an F50 earning category that […]