“Multi Fortune Stake is not authorized to solicit investments from the public as it is not registered with the commission and cannot therefore secure prior registration and/or license to solicit investments,” the SEC said in an advisory.
The firm entices the public to invest with guaranteed total earnings of 100% in 30 days through its plans, which promise that an investor will earn 25% of his investment every six days until the 24“Clearly, Multi Fortune Stake is offering a double-your-money scheme in just 30 days… please be reminded that the offering and sale of such securities in the form of investment contracts using the ‘Ponzi Scheme’ is fraudulent and unsustainable and is not a registrable security,” the commission said.
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