June 14, 2024

The Securities and Exchange Commission has ordered Astrazion Noble Task Community Foundation; Astrazion Global Holdings Philippines, Inc.; and Astrazion International to stop offering their supposed digital currency through an illegal multi-level marketing platform.

In an order dated May12, the Commission en banc directed the Astrazion Group to immediately cease and desist from engaging in the unlawful/unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC.

The Astrazion Group, its operators, directors, and officers, including Napoleon dela Cruz Visperas; Remus Pedroso Salgado; Joan Ganancial; Rolando Cadelario Oso; Francisco Gadayan Baladjay, Jr.; Pierre Martin D. Reyes; Esther M. Weigand; and Carol Joy Balbuena Visperas, as well as its representatives, salesmen, agents, uplines, influencers, and, enablers such as Christopher “Toffy” Dimaguila, have also been ordered to cease their Internet presence related to their unauthorized investment scheme.

The companies and their directors have likewise been prohibited from transacting any business involving funds in its depository banks, and from transferring, disposing, or conveying any related assets to ensure the preservation of the assets of the investors.

The cease and desist order was issued after the SEC Enforcement and Investor Protection Department found that the Astrazion Group has been operating an online multi-level marketing platform where it actively promotes the sale of its digital currency called AZNT Token for 10 cents per token.

The group was found to be offering seven packages with guaranteed returns of three percent per day.

The Astrazion Group enticed the public to invest by assuring members that the AZNT Tokens will be registered and listed as a cryptocurrency at Coin Market Cap, and will be traded in the digital currency trading platform Binance. The AZNT token’s value could allegedly rise to $10 from each its current price of 10 cents.

Aside from the supposed potential surge in value of the AZNT Token, the Astrazion Group also promised investors a residual income and direct referral income distribution. Payouts will then be released through the Coins.phmobileapp.

Section 8 of Republic Act 8799 or The Securities Regulation Code provides that securities shall not be sold or offered for sale or distribution within the Philippines without a registration statement filed with and approved by the SEC.

Astrazion Global and Astrazion Foundation are SEC-registered, but they never secured a secondary license from the Commission as issuer of securities or broker dealer nor registered any securities for public offering pursuant to the SRC.

Meanwhile, Astrazion International is not registered with the SEC as a corporation, partnership, or one person corporation.

The SEC issued an advisory against the Astrazion Group as early as Feb. 3 to warn the public against investing in the group and similar entities. – Press release