Bilyonaryo - Business

Laglagan na! Investa claims it has nothing to do with co-founder JM Lapiña’s ‘ventures’ amid alleged investment scandal

March 27, 2023

Bilyonaryo.com

Investagrams (Investa), a popular local app for stock market enthusiasts, is distancing itself away from one of its founding fathers who is facing mounting complaints from disgruntled clients of his investment fund.

“Please be informed that John Michael ‘JM’ Lapiña is no longer actively involved in any role as CMO (chief marketing officer), officer or board of Investa,” said Investa on Twitter on January 27.

“Please take note that Investa, including its officers and directors, are not involved and have no participation whatsoever in Mr. Lapiña’s own ventures and private business dealing,” Investa added.

Investa issued the “notice to the public” amid mounting complaints on social media about Lapiña’s controversial investment fund, JML Capital, which has reportedly been unable to deliver on its promised returns and release payments on time in recent months.

Investa cited management’s decision to revamp the leadership team as the reason for Lapina’s departure, along with his desire to focus on other endeavors.

“We thank JM for his contribution in Investa’s early years,” said Investa without saying when Lapiña left the company.

Investa is currently led by Lapiña’s fellow millennials from De La Salle University John Christian Bisnar (CEO) and Airwyn Tin (chief technology officer) who co-founded the blockbuster platform in 2015.

In a report by Businessworld, Investagrams got its boost from a ₱500,000 funding from startup incubator IdeaSpace Foundation and training from the Asian Institute of Management.

Investa used to call Lapiña as a “boss” and “mentor” and described him as “one of the most prominent names in the PH Crypto & NFT space.”

It also endorsed his JML Capital in its social media posts, noting that Lapina “manages a 9-digit multi-asset portfolio — all fruit of his 7+ years of trading for a living.”

JM Lapina, is one of the most prominent names in the PH Crypto & NFT space. Under JML Capital, he currently manages a 9-digit multi-asset portfolio — all fruit of his 7+ years of trading for a living.

Want to learn straight from Boss JM Lapina? https://t.co/zuOuD1EECt ⚡ pic.twitter.com/rJAxMAPxiV

— Investa (@investagrams) December 23, 2021

Please take note that Investa, including its officers and directors, are not involved and have no participation whatsoever in Mr. Lapiña’s own ventures and private business dealings.

— Investa (@investagrams) March 27, 2023

NOTICE TO THE PUBLIC

Please be informed that John Michael “JM” Lapiña is no longer actively involved in any role as CMO, officer or board of Investa. pic.twitter.com/8wvbNcRTnY

— Investa (@investagrams) March 27, 2023

viber_image_2023-03-27_23-09-26-930 - Bilyonaryo Business News

Related News Tags: Investagrams (Investa), investment scandal, JM Lapiña

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