Tag: Paul Alviar
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BULLETIN: SEC Of The Philippines Calls EmGoldEx A Ponzi Scheme That Spawned Cascading Frauds
EDITOR’S NOTE: Officials in the Philippines not only are using securities laws in the EmGoldEx prosecution, but also a relatively new law against cybercrime in that nation. This potentially could stiffen penalties. As noted below, EmGoldEx also caused trouble in the United States. UPDATED 10:43 A.M. ET U.S.A. EmGoldEx was a Ponzi scheme that morphed into entities known…