Date Posted: 7 November 2019
The Securities and Exchange Commission (“Commission”) has received numerous information regarding the activities of MYBITCLAIM TRADING CORPORATION.Per records of the Commission, MYBITCLAIMis 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 X4PROGRAM WITH PRODUCTSand a promised of PAYOUT FOR 30 DAYS. The scheme is presented as follows:WORTH OF PRODUCTS1 MONTH INCOMESAFETY NET DEDUCTION 10%NET INCOME1,0004,0004003,6005,00020,0002,00018,00010,00040,0004,00036,00050,000200,00020,000180,000100,000400,00040,000350,000500,0002,000,000200,0001,800,0001,000,0004,000.000400,0003,600,000PAYOUT 30 DAYS EXACTLY PM IS THE KEYThe public is hereby informed that based on the records of the Commission, MYBITCLAIMis 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 MYBITCLAIMin 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 INVESTINGin 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