SEC Facebook

The Securities and Exchange Commission (“Commission”) has received information that
individuals or group of persons of person representing
POGI BREEDS/POGI BREEDS
INTERNATIONAL/POGI BREEDS
INT’L/COPARTNERS POGIBREEDS
headed by
GINO
MENDOZA
, a.k.a.,
NIGO TEKASHII
have been soliciting investment from the public.
Based on information gathered by the Commission,
POGI BREEDS INTERNATIONAL
are
a group of persons
claiming to be using its client’s money in buying, breeding Axies and playing the AXIE INFINITY
game.
Among its activities is to offer its
CO
–
PARTNERSHIP PROGRAM
to the public where an
investor is enticed to invest an
amount ranging fro
m
P5,
000 up to P250,000 Pesos with
promised earnings ranging from P100 to P25,000 daily or
2% daily or 10% or weekly
earnings
for 45 days
or a total contract earnings ranging from P4,500.00 up to P225,000.00 or
90% per contract in 45 days.
POGI BREEDS
assures
its co
–
partners that
the
capital will be returned after 59 days
or at the end of the contract.
It further
promises that prospective client can “Request for profit” and “Cash
–
Out”
during Mondays and Thursdays.
In its
“pay
–
ins”
and
“pay
–
outs”,
POGI BREEDS
uses
the following
GCASH and UNION
BANK OF THE PHILIPPINES
accounts
:
The
CO
–
PARTNERSHIP PROGRAM
offered by
POGI BREEDS
clearly
falls under the
definition of
securities in the form of an
investment contract
which is mandated
by R
epublic Act
No. 8799 or the Securities Regulation Code (SRC) to be registered with the Commission before
these
securities
are offered
to the public
.
Please be informed that
POGI BREEDS INTERNATIONAL
is
not
NOT REGISTERED
with the Commission
and
NOT
AUTHORIZED
to solicit investment
s 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 Regulatio
n Code.
The public is hereby warned that such investment schemes are considered as securities
subject to the regulatory authority of this Commission. The offering and selling of securities to
the public without a permit or license is a violation of
Section 8.1. of the Securities Regulation
Code.
Accordingly, those who invite or recruit other people to join or invest in this venture or
offer investment contracts or securities to the public may be held criminally liable under Section
28 of the SRC pena
lized with a maximum fine of Five Million Pesos (P 5,000,000.00) 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
).
As the product offered by
POGI BREEDS INTERNATIONAL
is the opportunity to earn in the
play
–
to
–
earn
game
of
AXIE INFINITY
, t
he public is
also
informed
that
AXIE INFINITY
or
its developer,
SKY MAVIS
are
not registered and not
licens
ed to do business in the Philippines as a branch, regional
area/operating headquarters or a representative office and
they do
not possess any
secondary license to conduct any regulated activity within the Philippines.
Thus, in dealing with these unregis
tered entities, the Commission reiterates its
Advisory
entitled: “Dealing with Non
–
Registered Foreign Entities Organizations and
Corporations with link address at
https://www.sec.gov.ph/advisories
–
2021/sec
–
advisory
–
against
–
dealing
–
with
–
non
–
registered
–
foreign
–
entities
–
organizations
–
and
–
corporations/
.
In view thereof, the public is hereby advised to exercise caution before investing in these
kinds of activities and to take the necessary precautions in dealing with
POGI BREEDS INTERNATIONAL
and its
representatives. In view thereof, the public is further advised
NOT TO INVEST
or
TO STOP
INVESTING
in any investment scheme being offered by aforesaid entities/individuals.
Should you have any information regarding the operatio
n of the subject entity, please
call the Enforcement and Investor Protection Department at telephone numbers 8818
–
6047 or
send your report to the EIPD at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City, 28
September 2021