Furthermore, the scheme employed by Cryptostakers shows indication of a possible Ponzi Scheme, where monies from new investors are used in paying fake profits to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors. The offering and selling of securities in the form of a Ponzi Scheme, which is fraudulent and unsustainable is not a registrable security. The Commission will not issue a License to Sell Securities to the Public to persons or entities that are engaged in this kind of business or scheme. In view thereof, the public is further advised not to invest or to stop investing in any investment scheme being offered by the aforesaid entities/individuals. Read more in our articles including "SEC issues advisory on Cryptostakers / Crypto-Stakers.com" and "DILG calls for probe into violent video games' impact on youth".
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Jun 26, 2026Furthermore, the scheme employed by Cryptostakers shows indication of a possible Ponzi Scheme, where monies from new investors are used in paying fake profits to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors. The offering and selling of securities in the form of a Ponzi Scheme, which is fraudulent and unsustainable is not a registrable security.
The Commission will not issue a License to Sell Securities to the Public to persons or entities that are engaged in this kind of business or scheme. In view thereof, the public is further advised not to invest or to stop investing in any investment scheme being offered by the aforesaid entities/individuals.
Our coverage of ponzi scheme includes: "SEC issues advisory on Cryptostakers / Crypto-Stakers.com"; "DILG calls for probe into violent video games' impact on youth"; "TECNO introduces smarter EllaClaw AI with Cross-App support". Each article provides unique insights and information.