A warrant of arrest has been issued against Ploutos Coin founder Mark Steven Freeman by the Regional Trial Court (RTC) Branch 39 in Cagayan de Oro City for large scale swindling.

Based on a copy of the warrant as posted by Sunstar CDO in Facebook (see below), presiding judge Marites Filomena Rana-Bernales signed the warrant of arrest last February 12, 2019. Accordingly, large scale swindling is a non-bailable offense.

Freeman has been a subject of complaints last year and was even invited by the City Council Committee on Trade and Commerce to shed light on the issues against Ploutos Coin after the Securities and Exchange Commission (SEC) issued an advisory cautioning the public in investing in the said firm. See photo below.

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