June 17, 2024


World Business Inquiries

SEC exposes 4 more investment scams

2 min read

The Securities and Exchange Commission (SEC) has exposed four new illegal investment schemes, including those perpetrated by previously flagged racketeers masked by different names.

In separate advisories issued on April 21, the SEC warned the public against dealing with the following: Viceem Help Worldwide; Viceem Help by Millionaire Maker Team, Nexus P Capital by GK Marketing Ltd. and My Profit Robot (MPR). In another advisory dated April 15, the SEC also flagged the unauthorized investment-taking activities of Norway International OPC.

Viceem Help Worldwide/Viceem Help, Nexus P Capital and its operator GK Marketing, MPR and Norway International have not secured the necessary licenses from the SEC to

solicit, accept or take investments from the public, as required under Republic Act No. 8799, or the Securities Regulation Code.

Citing reports from the public and as posted on its Facebook Messenger group, the SEC said Viceem Help Worldwide/Viceem Help was simply the new name of Azenzo-Online, whose unauthorized investment-taking activities had been earlier exposed.

The investment scheme of Viceem Help Worldwide/Viceem Help resembles that of Azenso-Online, which promises a return on investment of 30-100 percent within five to 20 days.

Nexus P Capital offers cryptocurrency and foreign exchange trading accounts promising lucrative returns. In case of nonfulfillment, credit tokens are forfeited and losses incurred are deducted from the investors’ deposits, which will further be subjected to a 20-percent withdrawal fee.

MPR claims to be a unique trading robot that trades cryptocurrencies around the clock using BXTCoins and Property Arbitrage. In its online posts, MPR pitches an average daily profit of 1 percent a day, or 365 percent a year. On the other hand, the investment scheme of Norway International involves beauty products and food supplements.

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