The Securities and Exchange Commission has ordered Astrazion Noble Task Community Foundation, Astrazion Global Holdings Philippines, Inc., and Astrazion International to stop offering their supposed digital currency through an illegal multi-level marketing platform until they have filed the requisite registration.
The Astrazion Group, its operators, directors, and officers, including Napoleon dela Cruz Visperas, Remus Pedroso Salgado, Joan Ganancial, Rolando Cadelario Oso, Francisco Gadayan Baladjay, Jr., Pierre Martin D. Reyes, Esther M. Weigand, and Carol Joy Balbuena Visperas, as well as its representatives, salesmen, agents, uplines, influencers, and enablers such as Christopher “Toffy” Dimaguila, have also been ordered to cease their internet presence related to their unauthorized investment scheme.
The companies and their directors have likewise been prohibited from transacting any business involving funds in their depository banks, and from transferring and disposing any related assets for the protection of investors.
The CDO was issued after the SEC Enforcement and Investor Protection Department found that the Astrazion Group has been operating an online multi-level marketing platform where it actively promotes the sale of its digital currency called AZNT Token for 10 cents per token.
The group was found to be offering seven packages with guaranteed returns of three percent per day. The starter package worth $100 could yield $300 in 100 days, while the double platinum package guarantees a whopping $30,000 during the same period from an initial investment of $10,000.
The Astrazion Group enticed the public to invest by assuring members that the AZNT Tokens will be registered and listed as a cryptocurrency at Coin Market Cap, and will be traded in the digital currency trading platform Binance.
The AZNT token’s value could allegedly rise to $10 from each its current price of 10 cents.
Aside from the supposed potential surge in value of the AZNT Token, the Astrazion Group also promised investors a residual income and direct referral income distribution. Payouts will then be released through the Coins.ph mobile app.
The scheme involves the sale and offer of securities to the public in the form of investment contracts, whereby a person invests his money in a common enterprise and is led to expect profits primarily from the efforts of others, according to the SEC.
Astrazion Global and Astrazion Foundation are duly registered corporations with the Commission. However, they have never secured a secondary license from the SEC as issuer of securities or broker dealer nor registered any securities for public offering pursuant to the SRC.
