SECWARNS AGAINST FORSAGE, OTHER SCHEMES The Securities and Exchange Commission (SEC) has warned the public against individuals and groups engaged in unauthorized activities such as investment-taking in the guise of cryptocurrency trading and online selling.
In separate advisories issued on June 30, the Commission encouraged the public to exercise caution in dealing with Forsage, RCashOnlineand The Saint John of Jerusalem Knights of Malta Foundation of the Philippines, Inc.
Forsage, which is headed by Lado Okhotnikov,is not duly registered with the SEC and lacks the necessary license to solicit, accept or take investments from the public or issue investment contracts and other forms of securities.
RCashOnline, which claims to represent Royale Business, is likewise not registered as a corporation or a partnership. It neither possesses a secondary license to solicit investments from the public.