GAINZ Philippines, led by CEO Leah Melevo, is rapidly gaining attention in the online community with its unique investment opportunities. Utilizing social media platforms, particularly Facebook, the company is engaging with a broad audience, introducing them to various investment plans, the most notable being the MAX PLAN.
However, the Securities and Exchange Commission (SEC) warns that this is a type of Ponzi scheme. In a Ponzi scheme, the money from new investors is used to pay earlier investors, which is not sustainable and often ends in loss for many involved. The SEC clarifies that it does not approve or license such schemes.
GAINZ Philippines, led by CEO Leah Melevo, is rapidly gaining attention in the online community with its unique investment opportunities. Utilizing social media platforms, particularly Facebook, the company is engaging with a broad audience, introducing them to various investment plans, the most notable being the MAX PLAN.
However, the Securities and Exchange Commission (SEC) warns that this is a type of Ponzi scheme. In a Ponzi scheme, the money from new investors is used to pay earlier investors, which is not sustainable and often ends in loss for many involved. The SEC clarifies that it does not approve or license such schemes.