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2020-09-16 06:53:57

Philippines’ Mining City flagged as a possible Ponzi Scheme by SEC

The Philippines Security and Exchange Commission (SEC) has issued an official warning for residents not to invest their money into Mining City. In addition to not being registered, the regulator flagged the company as a Ponzi Scheme based on its system of operation. While the operators will face due penalties for violating the Securities law, […]