Philippines Investigates Crypto Firm over Use of Politician’s Name

0
253

An investigation in a cryptocurrency firm has been ordered by the Philippines’ Department of Justice (DOJ) after allegedly using the name of a senator in order to lure clients.

Digital Currency Co. Ltd. and Boy Joven of Philippine Global Coin allegedly misrepresented Senate President Aquino Pimentel III, otherwise known as “Koko” Pimentel, according to the DOJ’s released order.

Pimentel has denied any affiliation with the firm, stating that there is “no partnership” between him and the firm or the senate and the firm. He further expressed shock at the company’s “bold claims”, adding that while he did meet with the company representatives, it was only “as a matter of courtesy to visitors.”

The senator also warned international Filipino workers to be wary of such investments, especially when government officials and organizations are name-dropped. “The government wil never engage in activities that will profit off their sacrifices and hard work. Always check with the Philippine Embassy to verify individual claims of this nature,” he further stated.

If sufficient evidence is found to support the case, appropriate charges should be filed against the company, said the order.

Leave a Reply

Be the First to Comment!

avatar
  Subscribe  
Notify of