SEC Facebook

The public is hereby warned concerning the investment taking activities of
DAILY PASSIVE BTC LTD
(Daily
Passive, for
brevity
).
The Securities and Exchange Commission has received reports that operators of
BITRADE/BITRADE BITCOIN TRADING LTD./BITRADE LIMITED PH
1
(Bitrade)
are
now using the name
DAILY PASSIVE BTC LTD
to continue
its
illegal investment
–
taking
activities.
As posted i
n their Facebook account by certain individuals, the scheme used by the
company to entice the public to invest online or through the internet are as follows:
1.
Choose any of the following packages
ranging from Php1,000.00 (B
ronze) to
Php100,000 (
P
remium).
1
Subject
of
SEC
Advisory
posted
at
the
SEC
website
on
31
March
2020.
(
http://www.sec.gov.ph/wp
–
content/uploads/2020/03/2020Advisory_BITRADE_BITRADE
–
BITCOIN
–
TRADING
–
LTD_BITRADE
–
LIMITED
–
PH.pdf
)
2.
Pay the amount of chosen package
3.
Send proof of payment/receipt
4.
Register
5.
Start encoding
Below are the other/additional ways to earn available to all packages except for Bronze:

Direct Referral Bonus
–
The recruiter is entitled to 10% commission of his/her direct
invite’s chosen package; and 10% commission if
the
direc
t invite renews or upgrade
his/her
account; and

Pass Up Bonus
–
The recruiter is entitled to 50% of his/her direct
invite’s income in
captcha typing.
Therefore, based on its representations, the company is offering
guaranteed returns
of 40% per month
ON TOP of the aforementioned other/additional ways to earn
.
Per verification,
DAILY PASSIVE BTC LTD
is inviting people to
invest exactly under th
e
same scheme used by Bitrade.
DAILY PASSIVE BTC LTD
is
not registered either as a
corporation or partnership
with the Commission
. Further, it is
NOT AUTHORIZED
to
solicit investments from the public since it has not secured prior r
egistration and/or license
from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation
Code.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as
such for the offering
of
DAILY PASSIVE BTC LTD
in selling or
convincing people to invest in the
investment scheme being offered by said entities including solicitations and recruitment
through the internet may be prosecuted and held criminally liable under Sec
t
ion 28 of the
SRC and penalized with a maximum fine of F
ive Million pesos (Php5,000,000.00)
or
penalty of Twenty
–
one (21) years of imprisonment or both pursuant to Section 73 of the
SRC.
Also, t
hose who invite or recruit to join or invest in the venture or offer investment
contracts or securities to the publi
c may be held criminally liable or accordingly sanctioned
or penalized, in accordance with the Supreme Court decision in the case of
SEC vs.
Oudine Santos
(G.R. No. 195542, March 19, 2014).
T
he
Bayanihan to Heal as One Act
(
Republic Act No. 11469
) also punishes
those participating in cyber incidents that make use or take advantage of the current crisis
situation to prey on the public through scams, phishing, fraudulent emails, or other similar
acts
In view thereof, the public is hereby advised to
STOP INVESTING
and exercise
self
–
restraint from investing their money into such high
–
yield risk investment scheme and
to take the necessary precautions in dealing with the above
–
named entity.
Should you have any information regarding the operation of t
he said entity, please
call the Enforcement and Investor Protection Department at telephone number (02) 8818
–
6047 or send your report to the EIPD at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City, 18 Jun
e 2020