THE Securities and Exchange Commission (SEC) announced that based on an email tip, it has taken down another investment scam that promised fast and guaranteed returns from cryptocurrencies in an entrapment operation that resulted in the arrest of 19 individuals.

In a joint operation on June 11, the combined forces of the SEC Enforcement and Investor Protection Department (EIPD) and Philippine National Police Anti-Cybercrime Group arrested the officers of Decentra while in the act of soliciting investments without a license during a business presentation at a hotel in Quezon City.

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