The Securities and Exchange Commission is asking the public to stop investing in the scheme being offered by Ground Zero Poultry Agricultural Corporation and its representatives as this has the characteristics of a Ponzi scam.
Based on reports and information gathered by the Commission, individuals or group of persons claiming to represent Ground Zero Poultry Agricultural Corporation is enticing the public through social media to invest in the company.
“As such, the Securities Regulation Code requires that said offer and sale of securities must be duly registered with the Commission and that the concerned entity and/or its agents should have the appropriate registration or license to sell such securities to the public,” said the SEC. The SEC said its investigation has showed that Ground Zero Poultry Agricultural Corporation is connected with Hustlin Bullies and Ground Zero Poultry and that it had also issued an advisory against the said two firms in September 14, 2021 and February 8, 2022, respectively.