Titan Capital Markets Ponzi fraud warning from Philippines
Titan Capital Markets has received a securities fraud warning from the Philippines.
As per the Philippine SEC’s January 12th warning;
TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD. is NOT REGISTERED as a Corporation or a Partnership with the Commission.
Likewise, TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD. has not secured prior registration and/or license to solicit investments from the Commission prescribed under Section 8 and 28 of the Securities Regulation Code (SRC).
By failing to register its securities offering with the SEC, Titan Capital Markets is operating illegally in the Philippines.
The Philippine SEC goes on to claim Titan Capital Markets has “the characteristics of a Ponzi scheme”.
Further, the scheme employed by TITAN CAPITAL MARKETS/TITAN CAPITAL MARKETS PTY LTD., has the characteristics of a “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.
This is in line with BehindMLM’s Titan Capital Markets review, published back in January 2023.
In reviewing Titan Capital Markets, we found a Boris CEO Ponzi scheme fronted by actors.
As of December 2023, SimilarWeb tracked ~96,000 monthly visits to Titan Capital Markets website. 79% of that traffic originated from India, 8% from the UAE (Dubai) and 4% from the Philippines.
Traffic to Titan Capital Markets’ website from the Philippines was up 735% month on month, likely prompting the SEC to investigate.
The SEC warns that promoters of Titan Capital Markets in the Philippines run the risk of a twenty-one year prison sentence or 5 million PHP fine (~$89,000 USD).
What top leaders are running the show?
I invested a lot of money, did I lost my millions of peso now ?
Let’s call out these scammers!