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INFINITY PAYB / PAYB BILLS PAYMENT AND REMITTANCE CENTER
INFINITY PAYB / PAYB BILLS PAYMENT AND REMITTANCE CENTER is not registered with the Commission either as a corporation or as a partnership

Date Posted: 29 April 2021

INFINITY PAYB

INFINITY PAYB

SEC Facebook

Th
e Commission has received numerous reports regarding the activities of an
entity named
INFINITY PAYB /
PAYB BILLS PAYMENT AND REMIT
T
ANCE CENTER
owned and operated by
ANGEL TAMBOR DOINOG, JR.,
which is engaged in investment

taking activities
.
INFINITY PAYB /
PAYB BILLS PAYMENT AND REMIT
T
ANCE CENTER
is
offering several packages with
60
% guaranteed Return of Investment (ROI)
in 15
days.
Further, the company purports to be in partnership with the following companies
by giving discounts on bills:
(1)
Cignal;
(7) Sweep RFID;
(2)
Globe;
(8) Sky;
(3)
Philippine Airlines;
(9) PLDT;
(4)
Smart;
(10) Sun Cellular;
(5)
Coverge;
(11) Meralco; and
(6)
Easytrip;
(12) Cebu Pacific.
As the above described scheme involves the sale of securities to the public, the
Securities Regulation Code (SRC) requires that these securities are duly registered and
that the concerned entities and/or its a
gents have appropriate registration and/or
license to sell such securities to the public pursuant to Section 8 and 28 of the SRC.
The records of the Commission show that
INFINITY PAYB / PAYB BILLS
PAYMENT AND REMITTANCE CENTER
is not registered with the
Commission either as
a corporation
or as a partnership. However,
PAYB BILLS PAYMENT AND REMITTANCE
CENTER
has been issued a Certificate of Business Name Registration on 16 February
2021 by the Department of Trade and Industry with Business Name No.
2660201
under
the name of its owner
,
ANGEL TAMBOR DOINOG, JR.
with a limited business scope
confined to Bacoor City, Cavite. Nonetheless,
INFINITY PAYB / PAYB BILLS PAYMENT
AND REMITTANCE CENTER
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 and 28 of the SRC.
Those who act as salesmen, brokers, dealers or agents of
INFINITY PAYB
/
PAYB
BILLS PAYMENT AND REMIT
T
ANCE
CENTER
in selling
and convincing people to invest
in the investment scheme being offered by the said entity including doing 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 imprisonment or
BOTH pursuant to Section 73 of the SRC.
Also, those who invite or recruit others to join or invest in suc
h venture or offer
investment contracts or securities to the public may incur criminally liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the
case of
Securities and Exchange Commission vs. Oudine Santos
(G.R. N
o. 195542, 19 March
2014).
In view there
of, the public is hereby advised to exercise self

restraint from
investing their hard earned money into such high

yield, high

risk investment scheme and
to take the necessary precaution in dealing with individuals r
epresenting the above

named entity.
Should you have any information regarding the operation of the subject entity, you
may contact our
Enforcement and
Investor Protection
Department
(EIPD)
at
telephone numbers
(02) 818

6337
or
(02)
818

5476 or thru
epd@sec.gov.ph
.
For the guidance of the public.
Pasay
City,
29 April 2021