Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments

Skyline Crypto and Dry Goods Trading Scam Alert

The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of 35% in 15 days and rewards like smartphones and vehicles. Skyline Crypto and Dry Goods Trading is not registered with the Philippine SEC and lacks the necessary licenses to operate, the regulator stressed. The securities watchdog warns that the company’s scheme resembles a Ponzi scheme, which is illegal and fraudulent. The public is advised not to invest and to report any information regarding the company’s operations.

Source: Bitcoin

Related posts

Paramount+ cancels Halo series after 2 seasons

AI & RoboticsNews

Groq’s open-source Llama AI model tops leaderboard, outperforming GPT-4o and Claude in function calling

AI & RoboticsNews

OpenAI gives more control over ChatGPT Enterprise

AI & RoboticsNews

Artificial Agency raises $16M to bring AI-powered behavior to games

Sign up for our Newsletter and
stay informed!