By Keren Concepcion G. Valmonte, Reporter
THE Securities and Exchange Commission (SEC) flagged four unregistered entities luring the public to participate in their respective investment programs, despite lacking the needed license to collect investments from the public.
In four separate advisories, the SEC is warning the public against Crypto Asset, Clearway Energy, Inc., Shopee888, and Meta Trading Corp., which also goes by One Meta Trading Opc.
Crypto Asset is led by a certain Janus Alfonsus Alvez Tisalona, who acts as the entity’s president and chief executive officer (CEO). It has been operating for a year and is said to be funded.
Investors can join Crypto Asset’s programs for as low P1,000.
The entity has four investment programs, namely: silver, which promises a 5% return within 7 days; gold program, which guarantees 10% within 12 days; platinum, where investors can get a 20% return on investment in 20 days; and executive program, where investors can earn 50% within 40 days.
“The money invested will be used by Crypto Asset in its crypto trading through UNLITRADE platform and GPU (graphics processing unit) mining farm activities,” the SEC said in its advisory dated Dec. 14.
Meanwhile, Meta Trading is said to be founded and headed by a certain Mario Bontilao Abellanosa, Jr., who also acts as the entity’s CEO and president. The SEC said the names of those involved with Crypto Asset will be reported to the Bureau of Internal…
