Alert: Avoid Fake CGI Trading Investment Scams

Recently, the Commission provided urgent advice on the rise in fraud by CGI or similar businesses like CGI Trading and CGI Philippines. These unlawful firms have actively advertised on social media, particularly Telegram, offering high returns on investment. This notification aims to prevent these deceptions.

Remember that these bogus companies are unrelated to CGI Inc., a well-known Canadian worldwide consulting and IT services corporation listed on the Toronto and New York Stock Exchanges. Public awareness is requested, especially regarding impersonation attempts that use renowned organizations' reputations.

Fraudulent organizations utilize two main methods to attract investors, according to investigations. The first offers nightly trading from 8:00 PM to 10:00 PM with a 6% profit for a little investment. Second, encourage others to join their platform with daily benefits. Both scams use distinct URLs on respective sites and demand a minimum investment, proving investment fraud.

CGI Philippines, Inc. has reacted to these fraudulent operations by posting a disclaimer and removing itself from any Facebook pages or Telegram accounts that use its name for investing reasons. This measure demonstrates the company's commitment to protecting its reputation and warning the public about such deceptive promises.

Further examination by the Commission discovered that these businesses are neither legally registered nor authorized to solicit investments or issue securities. Lack of authority creates a significant red flag, indicating their methods are illegal.

The issue highlights the relevance of the Financial Products and Services Consumer Protection Act (FCPA), which seeks to protect consumers against investment fraud, such as Ponzi schemes and other unlawful investment solicitations. Those who promote or facilitate these schemes may face serious consequences under this statute, such as large fines and imprisonment.

The public should investigate and take caution before investing. You should verify any investment return promise, especially one made on social media or other digital platforms.

Based on these data, the Commission strongly cautions against investing in or stopping investments in fraudulent CGI entities. These scams risk money and encourage illegal action with serious consequences.

Those who may have promoted or participated in these schemes should be aware of the legal repercussions. The law takes a strong position against anyone who helps in the spread of investment fraud, emphasizing the gravity of these acts.

In conclusion, remaining aware and cautious of too-good-to-be-true investing prospects is critical for safeguarding yourself against scammers. The Commission is dedicated to fighting fraudulent activity and urges the public to report any suspicious schemes. Together, we can create a safer investing climate for everyone.

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