TopJuan Tech Corporation solicited investments from the public through a mobile application and various websites without the necessary licenses or authorization from Philippine regulators. The company enticed investors with promises of significant returns, such as 30% in 15 days or up to 1500% in 180 days, on investments as low as PHP 100. The structure of its offerings, which relied on recruiting new investors to pay earlier ones, exhibited the characteristics of a Ponzi scheme. In May 2022, the Philippines Securities and Exchange Commission (SEC) issued a public advisory against the company, effectively halting its operations.

Founded in

Philippines