PetronPay, or what’s left of it, has been added to the SEC’s PAUSE listing.
The PAUSE listing is maintained by the SEC and
lists entities that falsely declare to be registered, licensed, and/or positioned in america of their solicitation of buyers.
PetronPay launched in 2020 as a 300% “oil barrels” themed Ponzi scheme.
The rip-off was headed up by Boris CEO “Johnny Grant”:
PetronPay collapsed in mid 2021, following initiation of a PETRON token exit-scam.
PetronPay launched on the area “petronpay.com”. The area was disabled as a part of the Ponzi’s collapse.
On April 14th 2021 the area “petron-pay.com” was privately registered. This seems to be a poorly put collectively clone of PetronPay’s authentic web site.
Social media buttons on the PetronPay reboot web site level to an unassociated web site builder suite.
Funding plans supplied on the rebooted PetronPay web site mirror the unique providing. The connected MLM alternative can also be the identical.
In an try to seem authentic, PetronPay’s reboot supplies a US company tackle on its web site.
This tackle belongs to PetronCorp, an unrelated producer of speciality lubricants.
It’s unclear whether or not PetronPay’s authentic proprietor is operating the rebooted web site, or whether or not it’s simply opportunistic scammers.
Personally I believe PetronPay’s reboot is the work of restoration scammers.
In any occasion, PetronPay’s reboot has caught the eye of the SEC.
In lots of instances, SEC investigation reveals that the soliciting entities aren’t registered in america as they declare or indicate.
In an effort to warn the general public about these entities, the SEC is publishing info it has discovered in reviewing these complaints.
Aside from pretending to function from there, so far as I do know PetronPay has no precise ties to the US.