SEC Facebook

Based on i
nformation gathered
by the Commission, a number of individuals or
group of persons
are enticing the public to invest their money
in
DIGICOIN MARKETS
or
DIGICOIN MARKETS INTERNATIONAL PH.
.
According to its website it offers different investment plans (i.e, Standard, Medium
and Professional) that an investor can choose from. It entices the public to invest a minimum
of
$20 or Php1,000.00 to a maximum o
f $20,000 or Php1,000,000 and
promises a
passive income of 5%, 6% or 7% daily interest for 30 days or equivalent to a total of
150%, 180%, or 210% return on investment for only 30 days.
For its mode of payment scheme,
investments
shall
be deposited/credited to
the
respective Gcash account
s
and Union Bank account
s
of Mr.
JIM MARK DELOS SANTOS
and Mr.
RAMIR TULISANA
.
In addition, i
t also has a referral program called Affiliate Program where the investor
can earn an extra income
for the
ir referrals.
The public is hereby
warned
that
DIGICOIN MARKETS
or
DIGICOIN MARKETS
INTERNATIONAL PH.
is not registered with the Commission
either as a corporation or as
a partnership
.
Consequently,
DIGICOIN MARKETS
or
DIGICOIN MARKETS
INTERNATIONAL PH
is
not authorized to solicit investments from the public
as it did
not secure prior registration and/or license to solicit investments from the Commission as
prescribed under Section 8 of the Securities and Exchange Commi
ssion.
Further,
DIGICOIN MARKETS
or
DIGICOIN MARKETS INTERNATIONAL PH.
is
also
NOT
A
REGISTERED
Virtual Asset Service Provider (VASP) with the Bangko
Sentral
ng Pilipinas
and does not have a corresponding Certificate of Authority as a Money Service
Business as required
under Circular No.
1108
, Series of
2021 or
the Guidelines for Virtual
Asset Service Providers
.
Those who act as salesmen, brokers, dealers or agents of the
said entity in selling
or convincing people to invest in the investment scheme it is being offered including
soliciting investments or recruiting investors through the internet may be held criminally
liable under Section 28 of the SRC and penalized with a
maximum fine of Five Million Pesos
(Php5,000,000.00) or imprisonment of Twenty One (21) years 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 will be reported
to the Bureau of
Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly
assessed.
In view thereof, the public is hereby advised
NOT TO INVEST
or
STOP INVESTING
in any investment scheme being offered by any individual or
group of persons allegedly for
or on behalf
DIGICOIN MARKETS
or
DIGICOIN MARKETS INTERNATIONAL PH.
and to
exercise caution in dealing with any individuals or group of persons soliciting investments
for and on behalf of it.
Should you have any informatio
n regarding the operation of the subject entity,
please submit your report to the Enforcement and Investor Protection Department at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
21
October
2021