Titan Capital Markets has obtained a securities fraud warning from the Philippines.
As per the Philippine SEC’s January twelfth warning;
TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD. is NOT REGISTERED as a Company or a Partnership with the Fee.
Likewise, TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD. has not secured prior registration and/or license to solicit investments from the Fee prescribed beneath Part 8 and 28 of the Securities Regulation Code (SRC).
By failing to register its securities providing with the SEC, Titan Capital Markets is working illegally within the Philippines.
The Philippine SEC goes on to say Titan Capital Markets has “the traits of a Ponzi scheme”.
Additional, the scheme employed by TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD., has the traits of a “Ponzi Scheme” the place monies from new buyers are utilized in paying “pretend income” to prior buyers and is designed primarily
to favor its prime recruiters and prior threat takers and is detrimental to subsequent members in case of shortage of recent buyers.
That is in keeping with BehindMLM’s Titan Capital Markets assessment, printed again in January 2023.
In reviewing Titan Capital Markets, we discovered a Boris CEO Ponzi scheme fronted by actors.
As of December 2023, SimilarWeb tracked ~96,000 month-to-month visits to Titan Capital Markets web site. 79% of that site visitors originated from India, 8% from the UAE (Dubai) and 4% from the Philippines.
Site visitors to Titan Capital Markets’ web site from the Philippines was up 735% month on month, seemingly prompting the SEC to research.
The SEC warns that promoters of Titan Capital Markets within the Philippines run the danger of a twenty-one 12 months jail sentence or 5 million PHP superb (~$89,000 USD).