Mining City just got caught lying about being registered with U.S. securities regulators—and their response proves it.

Within hours of BehindMLM exposing the fraud yesterday, Mining City's media team fired back with a cease-and-desist threat. They claimed the article was "untrue and misleading" and demanded a retraction. They even threw in a legal threat, saying they'd sue for "infringing personal rights" if the story wasn't corrected.

Here's the problem: everything in that original article was accurate.

Mining City countered by saying they'd successfully registered with the Philippines Securities and Exchange Commission instead. They attached what they called a registration document and claimed the Philippine SEC warning against them was now void. None of that changes the fundamental lie at the heart of their operation.

Oliver Leonardo, the Officer-in-Charge of the SEC's Enforcement and Investor Protection Department, already confirmed Mining City isn't registered with the U.S. SEC. That's not opinion. That's official confirmation from the agency itself.

The document Mining City attached tells the real story. It's an interim registration for "Prophetek MiningCity, OPC"—a shell company set up under the name of an undisclosed Philippine citizen. It's a classic shell game, and it doesn't work.

Here's why: Mining City is an MLM that pushes the BTCV cryptocurrency investment scheme. When people invest in Mining City, they're investing in that MLM and that crypto scheme. Neither of those operations flows through Prophetek MiningCity, OPC. The shell company exists on paper only. No one invests money into it. No one receives payments from it.

The BTCV investment scheme doesn't even appear on Prophetek MiningCity, OPC's registration document with the Philippine SEC. The shell company and the actual scam are completely disconnected.

For a Philippine registration to have any legitimate purpose, Mining City would need to actually operate through that registered entity. They'd need customer money flowing in. They'd need legitimate payments flowing out. They'd need audited financial statements proving external revenue—not just recycled investor money—is being used to pay withdrawals. None of that exists.

Mining City operates the same way worldwide: through their MLM structure and their BTCV scheme. Neither is registered anywhere for securities offerings. The Philippine shell company registration changes nothing about how Mining City actually conducts business.

This is securities fraud dressed up as bureaucratic compliance. The registration looks official on paper. It sounds official in a press release. But it's meaningless theater. The actual money moves through the actual unregistered scheme, which continues operating illegally across the globe.

Mining City's response to being caught wasn't to stop the fraud. It was to manufacture a document they hoped would look legitimate and threaten legal action against anyone who said otherwise. That's not how legitimate companies operate. That's what you do when you've got no other defense.

🤖 Quick Answer

What regulatory claims did Mining City make following BehindMLM's fraud exposure?
Mining City claimed successful registration with the Philippines Securities and Exchange Commission, presenting documentation as evidence. The company asserted that Philippine SEC registration superseded previous warnings, attempting to legitimize operations through alternative regulatory jurisdiction rather than addressing U.S. securities compliance allegations.

How did Mining City respond to the fraud allegations?
Mining City's media team issued cease-and-desist notices within hours, characterizing the BehindMLM article as "untrue and misleading" while threatening legal action for alleged infringement of personal rights. The company demanded article retraction without substantively addressing the specific fraud claims presented.

What was the core issue with Mining City's regulatory position?
Mining City lacked legitimate U.S. securities regulator registration despite operational claims. Subsequent Philippine SEC registration did not resolve fundamental compliance violations or invalidate earlier regulatory warnings issued against the company

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