The Philippines’ Securities and Exchange Commission (SEC) has issued a notice on Wednesday to notify the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from individuals. The company has been promoting investment opportunities online, making enticing claims of 35% returns within a span of 15 days, along with tempting incentives such as smartphones and vehicles. The Philippine SEC has emphasized that Skyline Crypto and Dry Goods Trading is not registered with them and lacks the essential licenses to function. The regulatory body has raised concerns that the company’s strategy closely resembles a Ponzi scheme, which is both illegal and deceitful. Therefore, the public is strongly advised against investing in this company, and any information concerning its operations should be promptly reported.
