MYBITCLAIM TRADING CORPORATION
The public is advised to STOP INVESTING in the investment scheme being offered by MYBITCLAIM TRADING CORPORATION or its representatives.
Posted 07 November 2019

 S E C  ADVISORY

            The Securities and Exchange Commission (“Commission”) has received numerous information regarding the activities of MYBITCLAIM TRADING CORPORATION.

 

            Per records of the Commission, MYBITCLAIM is registered with the Commission as a corporation with Company Registration No. CS201954438.  It was issued its Certificate of Incorporation on 09 August 2019.

 

Its primary purpose is: To engage in trading of livestock such as hogs, chickens and other related services.

 

            Based on the information gathered by the Commission, contrary to its primary purpose, MYBITCLAIM TRADING CORPORATION (MYBITCLAIM) has been enticing the public to invest in the said entity online or through the internet of its BUY & EARN X4 PROGRAM WITH PRODUCTS and a promised of PAYOUT FOR 30 DAYS.

 

The scheme is presented as follows:

 

WORTH OF PRODUCTS 1 MONTH INCOME SAFETY NET DEDUCTION 10% NET INCOME
1,000 4,000 400 3,600
5,000 20,000 2,000 18,000
10,000 40,000 4,000 36,000
50,000 200,000 20,000 180,000
100,000 400,000 40,000 350,000
500,000 2,000,000 200,000 1,800,000
1,000,000 4,000.000 400,000 3,600,000
PAYOUT 30 DAYS EXACTLY PM IS THE KEY

 

The public is hereby informed that based on the records of the Commission, MYBITCLAIM is registered with Commission as a corporation under the Corporate Code of the Philippines but is NOT authorized to offer, solicit, sell or distribute any investment/securities to the public.  Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with SEC before they can be offered or sold to the public under Sections 8 and 12 of the Securities Regulation Code (SRC).

 

Those who act as salesmen, brokers, dealers or agents of MYBITCLAIM in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of FIVE MILLION PESOS (Php5,000,000.00) or a maximum penalty of TWENTY-ONE (21) years of imprisonment or BOTH pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G. R. No. 195542, 19 March 2014).

 

Furthermore, the names of all those involved are already reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.

 

In view of the foregoing, the public is hereby advised to STOP INVESTING in the investment scheme being offered by MYBITCLAIM TRADING CORPORATION or its representatives.

 

Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers 8818-6047.

 

For the guidance of the public.