INVESTOR EDUCATION AND INFORMATION

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AXIECROWD ASIA
AXIECROWD ASIA is not a registered entity with this Commission either as a corporation or as a partnership

Date Posted: 25 November 2021

AXIECROWD ASIA

AXIECROWD ASIA

SEC Facebook

The Securities and Exchange Commission has received information that
individuals or group of individuals representing
AXIECROWD ASIA
are enticing the
public to invest their money in the said entity with the promise of monetary rewards
or profits.
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2
The main scheme of Asiacrowd are as follows:
That is: your
investment shall earn 50% in just a matter of fifteen (15) days.
Presently, the entity has a special program where an investment
shall earn
seven times (7x) within a period of ninety (90) days
plus other incentives.
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3
In addition, a 15% referral commission shall be given to investor who were able
to recruit another to join into the scheme.
Investors may send their investment through the entity’s Mode of Payment under
the name of a certain Jonathan Del Rosario thru GC
ash:
AXIECROWD ASIA
is not a registered entity with this Commission either as a
corporation or as a partnership.
Having no primary registration with this Commission, it follows that
AXIECROWD ASIA
is
NOT AUTHORIZED
to solicit investments from the public
since it
can
n
ever
secure
the required and necessary
registration and/or license
from the Commission as prescribed under Sections 8 and 28 of the Securities
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4
Regulation Code
taking into consideration as well that the
scheme it offers is within
the context of a
ponzi scheme
where
the main source of income that shall in turn
be distributed among the
investors
primarily c
o
me
s
from the investment of the
incoming
investors
.
Accordingly, the Commission warns all unscrupul
ous individuals and/or
entities that
strict penalties are imposed for violations of the Securities
Regulation Code, the Revised Corporation Code and such other laws, rules and
regulations enforced by the Commission
.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act
as such of
AXIECROWD ASIA
in selling or convincing people to invest in the
investment scheme being offered by said entity including solicitations and
recruitment through the inte
rnet may 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 penalty of Twenty

one (21) years of imprisonment or both
pursuant to Section 73 of the SRC.
Also,
those who invite or recruit others to join or invest in such venture or
offer investment contracts or securities to the public may incur criminal liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in
the case of
Se
curities and Exchange Commission vs. Oudine Santos (G.R. No. 195542,
19 March 2014)
.
Further, the names of all those involved will be reported to the
Bureau of
Internal Revenue (BIR)
so that the appropriate penalties and/or taxes be
correspondingly asses
sed.
In view thereof, the public is advised
NOT TO INVEST
or
STOP INVESTING
in
any investment scheme being offered by
AXIECROWD ASIA
and exercise caution in
dealing with any individuals or group of persons soliciting investments or recruiting
investors f
or and on behalf of
AXIECROWD ASIA
.
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of
AXIECROWD ASIA
,
please send your
report to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
25
November
2021