New Belized-based company could be Securities Scam

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vlcsnap-2014-07-12-08h23m02s158The International Business world is wondering if Belize has a new Multi-billionaire or a new scam artist. That is because a new company called CYNK Technology, which lists its address in Belize, climbed in US Stock Markets from a grand total of $39.00 in assets to a valuation of more than 6 Billion Dollars in only a few days; that’s a 25,000 Percent spike since mid June!  TechCRUNCH, a business web magazine, identified the company’s headquarters at the prestegious Matlon Building in Belize City!  According to Business Insider  “Javier Romero is the President, CEO, Secretary, Treasurer, and Director of Cynk Technologies, Inc. Since 2009 Mr. Romero has been a Fisheries Officer for the Government of Belize based out of Belize City,” the filing says.  But when a Journalist from that media outlet tried to reach Javier Romero by telephone, she reported that the man responded when we addressed him as “Javier.” But after he was asked about CYNK Technology, the man changed his story saying that he’s not Javier and that his name is Jason, and that he only works for Javier.  According to PandoDAily, a Marlon Sanchez was also listed as CYNK’s President, and  CEO, among other titles, including secretary. TechCRUNCH , another reputable web news site says,  the company  appears to be a scheme to bounce its shares north, swindling those who buy into the company at inflated prices to the benefit of those orchestrating its rise.”  Today, the Securities and Exchange Commission and Financial Industry Regulation Authority (FINRA) pull the plug on the company citing  “concerns regarding the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in Cynk’s common stock.” The SEC suspension is valid through July 24 while they try to sort out the Company’s legitimacy.

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