Mining City's CEO claims the company got Philippine SEC approval. The regulator says that's a lie.

In a webinar held around October 19th, Gregory Rogowski told investors that Mining City had obtained a license from the Philippine Securities and Exchange Commission. When the SEC was contacted after the webinar aired, they delivered a blunt message: Mining City remains unregistered and unlicensed.

Worse, the regulator appears to be building an enforcement case against local promoters pushing the scheme.

The company is actually controlled by Eyal Avramovich, who operates it through a maze of shell companies. Avramovich previously ran Mine Best, the cryptocurrency mining outfit from which Mining City was spun off. He installed Rogowski, a former Mine Best employee, as CEO to create the appearance of separation between the two operations.

The webinar featured Avramovich, Rogowski and a third individual identified as JM Torres, a former BitClub Network Ponzi promoter.

During the webinar, Rogowski addressed the Philippine SEC's warning head-on, claiming ignorance. He said the warning was an "eye-opener" that forced the company to act. This strains credibility. BehindMLM flagged Mining City's securities fraud problems in July 2019—over a year earlier. Avramovich himself commented on that initial review, proving he knew about the legal violations long before the webinar.

Rogowski then pivoted to a second lie. He suggested Mining City could have challenged the SEC's findings or protested the warning but instead chose to apply for a license. Philippine law doesn't work that way. The SEC investigated Mining City before taking action against it. A company offering securities investments must register with financial regulators in every jurisdiction where it operates. This isn't optional. It's the law globally.

The biggest problem with Rogowski's story: Mining City's own website blocks access from US visitors. This isn't accidental. The US SEC is the world's most aggressive securities regulator, and companies operating illegal investment schemes routinely geofence American IP addresses to avoid federal enforcement.

Companies offering securities—which is what Mining City does by selling mining contracts—must be registered. There are no workarounds, no gray areas, no special circumstances. When the Philippine SEC warned against Mining City, they weren't issuing a suggestion. They were banning an unlicensed operator from soliciting securities in their jurisdiction.

Rogowski's claims about obtaining SEC approval appear to be fabricated. The SEC has directly confirmed the opposite. For investors who've already sent money to Mining City, that distinction matters enormously.

🤖 Quick Answer

Has Mining City obtained Philippine SEC registration?
No. Mining City remains unregistered and unlicensed with the Philippine Securities and Exchange Commission. The regulator explicitly contradicted CEO Gregory Rogowski's October 2019 claims of approval. The SEC is reportedly investigating local promoters involved in the scheme.

Who controls Mining City?
Eyal Avramovich controls Mining City through multiple shell companies. He previously operated Mine Best, a cryptocurrency mining venture from which Mining City was created. Avramovich appointed Gregory Rogowski, a former Mine Best employee, as CEO.

What enforcement action has the Philippine SEC taken?
The Philippine Securities and Exchange Commission is building an enforcement case against local promoters distributing Mining City's scheme. No formal charges have been publicly announced, though the regulator's stance indicates regulatory violations.

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