Recession-hit Argentina gripped by ‘Ponzidemia’
Between 15,000 and 20,000 people in San Pedro invested in the platform
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42 results for “ponzi”
BI collars 2 Chinese; Customs foils drug trade
Liang is being sought for economic crimes, specifically his involvement in a Ponzi scheme that defrauded numerous Chinese investors of approximately 50 million…
Syndicated estafa
Atty. Mary Antonnette Baudi explains that investment scams promising high returns may qualify as syndicated estafa under PD 1689 if committed by a group of…
Investors duped in MFT scheme
The Department of Justice has indicted the MFT Group of Companies and Foundry Ventures I, Inc. for allegedly operating an unregistered investment scheme that…
SEC Watch: Without Fear or Favor
Twenty-six years is a long time to hold the line. The Tribune has held it, imperfectly and under pressure, as all institutions do.
No safe harbor for financial fraud
MFT Group, which later rebranded as Foundry Ventures I Inc., lured investors with guaranteed returns of 12 to 18 percent.
Vietnam’s crypto boom goes bust
The price of bitcoin has almost halved since hitting a record high above $126,000 in October.
Online gambling tainting investment culture — Quevedo
Quevedo urged listed firms to improve transparency in declaring dividends to help attract retail investors.
Cryptocurrency promoted by Argentina's Milei crashes
Argentina's President Javier Milei faces backlash after promoting a cryptocurrency that crashed, leading to an urgent investigation. Critics label it a…
SEC revokes Procap, Ray Int'l registrations; consumers warned
The Revised Corporation Code prohibits corporations from engaging in activities beyond those authorized by law or their articles of incorporation.
SEC slaps launder raps vs Silverlion
Fraudulent practices specified in the Securities Regulation Code, are among the predicate offenses to money laundering, as provided under section 3(i) of the…
Judge fines Trump $355M
The ex-president allegedly inflated his wealth and manipulated the value of his properties to obtain favorable bank loans or insurance terms.
KAPA ringleaders meted life sentence
The RTC found all elements of estafa present in the case, given that there was false pretense or misrepresentation made by Apolinario
SEC imposes Casa Infini ban
Section 8 of Republic Act 8799, or the Securities Regulation Code, expressly prohibits the sale or offer to sell and/or distribute of securities without the…