Mining Metropolis has obtained a securities fraud warning from the Philippines SEC.
The Philippines SEC has recognized Mining Metropolis as a “safety within the type of (an) funding contract”.
In response to the regulator, Mining Metropolis
is NOT REGISTERED with the Fee and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, settle for or take investments/placements from the general public nor to challenge funding contracts and different types of securities.
As it’s virtually in all places else on the planet, providing unregistered securities is against the law within the Philippines.
The Philippines September tenth warning applies to
- Mining Metropolis;
- Mining Metropolis CEO Gregory Rogowski;
- Mining Metropolis Philippine Group Chief Anthony Aguilar (proper); and
- Mining Metropolis Philippines Fb web page admin Jhon Rey Gray.
In mild of Mining Metropolis and its promoters committing securities fraud, the Philippines SEC has suggested the general public
to not make investments or cease investing in any scheme provided by Mining Metropolis.
BehindMLM initially reviewed Mining Metropolis in July 2019. With the addition of BTCV, Mining Metropolis has since morphed right into a Ponzi factors scheme.
Pending high Mining Metropolis administration and/or high buyers cashing out, Mining Metropolis is following within the footsteps of BitConnect.
The Philippines SEC agrees, noting
Mining Metropolis clearly reveals indication of doable Ponzi scheme, the place monies from new buyers re utilized in paying “faux income” to prior buyers and is designed primarily to favor its high recruiters.
Seeing as Mining Metropolis is operated by Gregory Rogowski and Eyal Avramovich, the Philippines SEC is specializing in native promoters.
Continued promotion of Mining Metropolis inside the Philippines may be penalized with a most P5 million nice ($103,227), or a twenty-one 12 months jail sentence.
The SEC additionally warns anybody caught may also be reported to Philippine tax authorities.