SEC Facebook

This Advisory is prompted by several reports received by the
Commission on
the unauthorized investment
–
taking activities of
LodiCoins
/
Lodi Technologies
Incorporated doing business under
the name and style/s of LODITECH
. According to information gathered by the Commission, LodiTech has been
using several social media platforms such as Facebook, Twitter, Instagram a
nd
Discord in enticing people
to invest their hard
–
earned mo
ney in
LODICOIN
,
a virtual
currency created
and operated by Lodi Technologies Incorporated through
lodicoins.com, the official website of the virtual currency. ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
This Advisory is prompted by several reports received by the
Commission on
the unauthorized investment
–
taking activities of
LodiCoins
/
Lodi Technologies
Incorporated doing business under
the name and style/s of LODITECH
.
According to information gathered by the Commission, LodiTech has been
using several social media platforms such as Facebook, Twitter, Instagram a
nd
Discord in enticing people
to invest their hard
–
earned mo
ney in
LODICOIN
,
a virtual
currency created
and operated by Lodi Technologies Incorporated through
lodicoins.com, the official website of the virtual currency.
Per its website, Lodicoin represents that:
In
its
“
whitepaper
1
,
”
LodiTech put up
a disclaimer tha
t LodiCoins cannot and
should not be considered as a share or security of any type. However,
LodiCoins and
Lodi Technologies Incorporated
’s C
EO
/co
–
founder
hyped or shilled
on Facebook that Lodicoin
would be listed at ten times the
pre
–
sale
or
original
private price,
making it appear that
those who will purchase the coin
in the
ICO will earn at least 1000% in
profit
s
. Further, several posts in
its
official Facebook page s
tates
that investing in
Lodicoin
will give the investor an opportunity to earn through the virtual currency. Apparently,
Lodicoin
promises
earnings for investors by acquiring Lodicoins
on pre
–
sale and purchasing
$
LODI
beforehand through
an
Initial Coin Offering
(ICO)
at a significantly low price on the pretext that
it
will
considerably increase in value once
$LODI
is officially launched by listing on public exchanges.