Philippines to investigate a cryptocurrency company misleading investors

The Department of Justice (DOJ) in Philippines to investigate a cryptocurrency company, that has used the name of Senate President Aquilino Pimentel III to attract investors. The politician, commonly known as “"Koko" Pimentel, was allegedly misrepresented by Digital Currency Co. Ltd. and Boy Joven in a cryptocurrency venture called Philippine Global Coin”.
The politician has denied any affiliation between him and company or the senate and the company, by adding that he was shocked by the claims of Digital Currency Co.Ltd and noted that he had a meeting with the representatives of the company, but “as a matter of courtesy to visitors."
Pimentel further warned international Filipino workers to be careful over such cases where, names of government officials and organizations are used in investment schemes.
The investigation is continuing and if the sufficient evidence is found the company will face certain responsibility.

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