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SEC-Cebu warns public against investment scams


CEBU CITY, Philippines — The Securities and Exchange Commission (SEC)- Cebu Extension Office has warned the public against unauthorized investments brokered by individuals and entities operating without license and permits.

In a letter to various local government units in Cebu, dated Tuesday, June 9, 2022, SEC-Cebu informed the LGUs of the advisories it issued last May against the following unregistered entities and individuals:

  1. Leefire/Leefire Limited/Leefire PH/Leefire Philippines;
  2. Crowd1 Asia Pacific, Inc.;
  3. Multi Fortune Stake
  4. Borrego Solar Inc.
  5. Sengre
  6. Dragonfly Philippines, Inc. (known on social media as “DRAGONFLYTECH”)

The Enforcement and Investor Protection Department of the SEC said the investor alerts they issued are prompted by the numerous reports regarding the illegal operations of these entities.

For instance, SEC said, DRAGONFLYTECH entices the public to invest online by paying P500 to…

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