SEC warns public vs Marsgas Petrochemical

The Securities and Exchange Commission has warned the public against investing in Marsgas Petrochemical Products Trading or Mars-Gas.com, which has been soliciting investments from the public with the promise of high monetary rewards of profits.

Information gathered from the Facebook page of Marsgas showed that the company has been inviting the public to invest with the promise of 10 percent daily profit for 20 days.

The same page also posted and introduced the Margas Oil depot’s ways to earn as well as its compensation plan.

An online search by the SEC likewise showed Marsgas posting its certificate of business registration and alleged ESSO Mobil certificate as a way to entice the public to invest.

The SEC said Margas is not registered with the SEC and is not authorized to solicit investments from the public and that it has not secured prior registration and/or license to sell securities as prescribed under Sec. 8 of the Securities Regulation Code.

NGO blames drop in aquaculture production on PAP imports ban

Tugon Kabuhayan, a nongovernment organization advocating for food security and sustainable food production, has blamed the decline in aquaculture production in the second quarter on the import ban on processed animal proteins (PAPs) which was recently lifted by the Department of Agriculture.

US sanctions crypto ‘laundering’ service Tornado

The United States placed sanctions Monday on Tornado Cash, a leading “crypto mixer” for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.

US sanctions crypto ‘laundering’ service Tornado

The United States placed sanctions Monday on Tornado Cash, a leading “crypto mixer” for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.