#TuneGaga App

The Securities and Exchange Commission (SEC) has announced a public advisory about the mobile application TuneGaga. The report states that the scheme employed by TuneGaga 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 creator of the said app claims that TuneGaga is a great way for music fans to earn extra income listening to music. Moreover,  TUNEGAGA/TuneGaga pays its users every week through various payment methods allegedly supported in over 180 countries. As such, the Securities Regulation Code (SRC) requires that said offer and sale of securities must be duly registered with the  Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public. Since the subject is not registered, the SEC advises the public not to invest or stop investing in the investment scheme offered by  TuneGaga and its representatives. Apple has loosened its grip on retro console emulators within the App Store. The updated App Store guidelines now permit these long-banned emulators, allowing those already availeble to Android to make their way onto iPhones. Read more in our articles including "SEC issues advisory on TuneGaga" and "Infinix HOT 70 now available with Dynamic Shine design".