The Securities and Exchange Commission – Cagayan de Oro Extension Office (SEC-CDOEO) warns the public from investing their money against Crypto Marketers which the Commission has issued an advisory on November 10, 2022.
Based on the Advisory, Crypto Marketers is said to be offering investments to the public with a minimum amount of $20, promising income of 1.5% – 2% daily, amounting to 45% earnings in just 30 days.
The said entity is enticing the public to join as “promoters” and choose a package which starts from “basic” amounting to $50 and up to “maximum” which costs $1000.
Members of Crypto Marketers allegedly entails doing simple daily tasks which promoters will get paid daily and may earn more by inviting other individuals to become a member.
Through Crypto Marketers, members may earn passively through the following ways: (1) 2% daily dividend from the Vault Balance which is distributed every five minutes; (2) 10% auto distribution from the package purchased by a new member; (3) 10% auto distribution from the withdrawals made by any member; and (4) 10% auto distribution from compounding by any member.
In addition, promoters may also earn through direct referral rewards as Crypto Marketers awards a 10% bonus to the promoter for every direct recruit/s.
The records of the Commission show that Crypto Marketers / Crypto Marketers Worldwide is not registered with the Commission either as a corporation and partnership and is not authorized to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code (SRC).
Hence, the public is advised not to invest or stop investing in any investment scheme being offered by any individual or group of persons representing the said entity.
“It is alarming that ‘Crypto Marketers’ is dominating here in Cagayan de Oro City among other nearby areas. We encourage the public to be cautious from the various invitations representing the said entity. It is our mandate to protect the investing public hence, calling out individuals to protect their money in investing to Crypto Marketers or Crypto Marketers Worldwide” says Lawyer Frederick A. Enopia, Director of SEC-CDOEO in a statement.
Any person promoting or enticing the public to invest with the said entity may be prosecuted and held criminally liable under Section 28 of the SRC with a maximum fine of Five Million Pesos (P5,000,000.00) or an imprisonment of 21 years or both pursuant to Section 73 of the SRC.