𝐎𝐅𝐂 𝐁𝐋𝐀𝐂𝐊 𝐏𝐇𝐎𝐄𝐍𝐈𝐗

𝐎𝐅𝐂 𝐁𝐋𝐀𝐂𝐊 𝐏𝐇𝐎𝐄𝐍𝐈𝐗

𝐎𝐅𝐂 𝐁𝐋𝐀𝐂𝐊 𝐏𝐇𝐎𝐄𝐍𝐈𝐗 Telegram | DID YOU KNOW?

The regulator said it has been undertaking several campaigns to educate the investors to be vigilant while taking investment decisions based on stock tips. Telegram was founded in 2013 by two Russian brothers, Nikolai and Pavel Durov. Since January 2022, the SC has received a total of 47 complaints and enquiries on illegal investment schemes promoted through Telegram. These fraudulent schemes offer non-existent investment opportunities, promising very attractive and risk-free returns within a short span of time. They commonly offer unrealistic returns of as high as 1,000% within 24 hours or even within a few hours. The S&P 500 fell 1.3% to 4,204.36, and the Dow Jones Industrial Average was down 0.7% to 32,943.33. The Dow posted a fifth straight weekly loss — its longest losing streak since 2019. The Nasdaq Composite tumbled 2.2% to 12,843.81. Though all three indexes opened in the green, stocks took a turn after a new report showed U.S. consumer sentiment deteriorated more than expected in early March as consumers' inflation expectations soared to the highest since 1981. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised.
𝐎𝐅𝐂 𝐁𝐋𝐀𝐂𝐊 𝐏𝐇𝐎𝐄𝐍𝐈𝐗 from sg

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