Known Filipino Scammer Launching Own Cryptocurrency

in #bitcoin7 years ago (edited)

Beware of the new Cryptocurrency KROPS

website: https://www.mykrops.com/

Krops is the brainchild of known Filipino scammer Joseph Calata. Calata rose to fame as one of Philippines' youngest self-made billionaires at the age of 31. However, that fame quickly disappeared as his stocks were delisted from the Philippine stock exchange due to several counts of insider trading done by the top directors as well as other non-disclosure violations in their financial statements.

To this day, they still owe investors an estimated Php700M($14M.) They are using this cryptocurrency to circumvent the regulators and escape their responsibilities to their investors.


Joseph Calata to his investors

Investors have already expressed their opposition to this plan. But for some reason(greed) the company is still pushing through with it. They did not even give investors the opportunity to sell their shares back to the company.


Investors when they heard the news