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Online scammers are working double time to rob people of their money with only 29 days before Christmas and employees starting to receive their Christmas bonuses.


ACG reminds everyone to be cautious in making online Crypto Investments. In their new Modus Operandi, scammers are now creatively enticing potential victims by offering “fake” Crypto Investments.
The modus is for potential “investors’ to download a specific Crypto App which when installed will require them to cash in their investments in digital wallets listed in the application.



In the dashboard of the apps, account holders will be able to see the amount of money they have invested and the high interest their money has earned over time.
As investors begin to see the growing interest their money has generated in a short period of time, they are enticed to invest more and more money.
When investors start to withdraw their money, the apps will not allow them to withdraw. This is how investors realize they have been victims of a Crypto Investment Scam.According to PLTCOL Robert Bongayon, there are 2 types of licenses from the Securities and Exchange Commission. The Primary license is the Authority to Operate and the secondary license which states the specific service being offered.
“Usually, the Primary and Secondary license of the SEC certificate being shown by the scammers to prove their legitimacy does not match with each other. This is how people get scammed,” PLTCOL Bongayon, Chief of the Cyber Financial Crime Unit (CFCU) of ACG said.
“According to ACG’s Crypto Currency Investigation experts, scammers use Fake DTI permits and SEC certificates whose Primary and Secondary licenses are not at par with each other to convince people to invest in them,” PLTCOL Bongayon, added.
“Do not fall prey to fake Crypto Currency Investments. ACG advises potential investors in Crypto to visit the website of BSP for the list of regulated Virtual Asset Service Providers (VASP) to avoid being scammed,” PBGEN JOEL B DORIA, Director of ACG said.