DOF warns public anew on circulating fraudulent investment scheme
CALOOCAN CITY, June 13 (PIA) –The Department of Finance (DOF) warns the public regarding a false and fraudulent information about the Secretary of Finance promoting a “cryptocurrency auto-trading program called Bitcoin Revolution.”
The DOF have observed similar investment schemes fraudulently using the names of key Treasury and Finance officials in other countries to encourage potential investors to buy into their program.
On May 19, the DOF issued a similar warning to the public about another cryptocurrency scam.
Peddlers of such fake news have alleged in an article that the government has created a platform called “Bitcoin Lifestyle” and that President Duterte “is urging all citizens of Philippines to learn about Bitcoin Lifestyle quickly to get involved.”
The DOF urges the public to report similarly suspicious investment schemes to the Enforcement and Investor Protection Department of the Securities and Exchange Commission (SEC), with telephone number (02) 8818-5704.
The DOF also warns those behind these unscrupulous and unauthorized investment schemes that the government is monitoring the public space for such schemes, and will take appropriate legal and regulatory action. (DOF/PIA-NCR)