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Regulators have begun to take notice of the rash of “click a button” software Ponzi schemes that have appeared.

The Philippine SEC has issued the first regulatory fraud alert directly referring to the schemes.

The Philippine SEC cautions that “click a button” software Ponzis are “recharging and tasking schemes.”

provide alleged online employment through their E-Commerce Platforms, with the responsibility of grabbing orders being one example.

Then they will discuss or present to investors the fact that they, too, may invest in the aforementioned platform by first registering on their sites.

Investors may then “Recharge” or pay, deposit, or remit money by selecting from any PACKAGES, LEVELS, or VIP Levels priced from Php100 to Php50,000.

These people or groups of people are exploiting or replicating the E-Commerce Platforms of well-known online players like AMAZON, SHOPEE, LAZADA, EBAY, and the like while feigning affiliation with these organizations by displaying identification documents and DTI Certificates of Authorization.

Only a month will pass throughout this swindle. The websites or connections the offenders used to operate can no longer be accessible after that. The names of their organizations and websites will thereafter be changed by these people or groups of people.

This is consistent with the findings of BehindMLM.

Chinese con artists run every “click a button” software Ponzi I’ve found so far.

We can prove that “click a button” software Ponzis like 365Ball and EFG Football specifically targeted the Philippines.

These two employ the sports betting Ponzi scheme as opposed to the e-commerce firm that the SEC detailed.

The offering and selling of securities in the form of “investment contracts,” as that term is defined in Section 3.1 of the Securities Regulation Code, is a component of RECHARGING AND TASKING SCAMS.

As a result, by the Securities Regulation Code (SRC), to sell securities to the general public, the relevant firm and/or its agents must be properly registered with the Commission and possess the necessary registration and/or license.

Furthermore, RECHARGING AND TASKING SCAMS give rise to the possibility of a “Ponzi Scheme” in which funds from new investors are used to pay “fake profits” to previous investors. This type of scheme is primarily intended to benefit its top recruiters and previous risk-takers at the expense of later members if there aren’t enough new investors to fund it.

In the Philippines, those who promote “click a button” app Ponzi schemes face the danger of either a 5 million PHP fine or a 21-year jail sentence.

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