GCash parent warns public of fake share sales

Mynt, the parent company of GCash, has issued a warning to the public about a fraudulent sale of its shares circulating on social media.

In an advisory, Mynt advised the public to avoid and report posts that purportedly offer “early access” or “pre-sale” of its shares.

The fintech firm said that it has not authorized any public offering of its shares, noting that “social media posts or other communications offering ‘early access’ or ‘pre-sale’ of its shares are unauthorized and fraudulent.”

The company further said that it has not made any official filings with the Philippine Securities and Exchange Commission or Philippine Stock Exchange about a planned sale of its shares to the investing public.

“If Mynt undertakes any offering of securities in the future, it will do so in accordance with applicable laws and regulations,” it said.

“The public is urged to remain vigilant, never click any suspicious link, and avoid sharing personal information or funds with these unauthorized entities,” it added.

Mynt encouraged the public to report suspicious investment schemes or fraudulent posts through the official GCash Help Center via the app, or message “Gigi” on the GCash website at help.gcash.com. 

“Customers may also report such activities directly to the SEC Enforcement and Investor Protection Department,” it said. —AOL, GMA Integrated News