SEC INVESTOR ALERT_020824
The Securities and Exchange Commission has advised the public against dealing with the following entities due to their unauthorized solicitation of investments without the necessary license from the Commission:
1. TERRAMUSH Co.
2. GOSHOP PH
3. THE TIPSY TAVERN
4. TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD.
5. SK POOLS MINING CORPORATION
6. META ADVERTISING COMPANY / META ADS LTD / META ADS
7. KALINGA VENTURE GROUP OPC / KALINGA VENTURES CAPITAL / KALINGA VENTURE INTERNATIONAL / KALINGA WEALTH & BUSINESS DEVELOPMENT SERVICES
Some of these groups’ investment schemes or actions resemble a pyramid/Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products/services, and investors are paid using the contribution of new members, according to the SEC. (PR)