SKP Mine, aka SK Swimming pools Mining Company, has obtained a securities fraud warning from the Philippines.
As per the Philippine SEC’s January thirty first warning;
SK POOLS MINING CORPORATION is NOT registered with the Fee as an organization or as a partnership and doesn’t have the authority or license to supply and/or promote securities to the general public.
That is the equal of a securities fraud warning in different jurisdictions.
The SEC additionally notes that SKP Mine is offering shoppers with a bogus SEC certificates:
The SEC goes on to warn shoppers that SKP Mine “has the traits of a Ponzi scheme”.
Additional, the scheme employed by SK POOLS MINING CORPORATION has the traits of a “Ponzi Scheme” the place monies from new buyers are utilized in paying faux income to prior buyers and is designed primarily to favor its prime recruiters and prior danger takers and is detrimental to subsequent members in case of shortage of latest buyers.
That is according to BehindMLM’s SKP Mine assessment, printed in November 2023.
SKP Mine is a “click on a button” app Ponzi run by Chinese language scammers. BehindMLM has documented over 100 of the scams to this point, concentrating on numerous jurisdictions.
Again in October 2023, the Philippines was the highest supply of site visitors to SKP Mine’s web site. Site visitors information after October is unavailable.
The SEC warns that promoters of SKP Mine within the Philippines run the chance of a twenty-one yr jail sentence or 5 million PHP tremendous (~$89,000 USD).