CRYPTOGIX, is not registered as a corporation or partnership and is not authorized to solicit investments from the public

Date Posted: 14 November 2022



SEC Facebook

Based on information gathered by the Commission, information pertaining to the illegal
investment solicitation activities of SOPHIA FRANCISCO HOLDING OPC / FINANCIAL CONSULTANCY
SERVICES SOPHIA-FRANCISCO / SOPHIA FRANCISCO TRADING is apparently being continued with an
identical scheme under the name, CRYPTOGIX.
The Commission has earlier issued an Advisory against SOPHIA FRANCISCO OPC / FINANCIAL
CONSULTANCY SERVICES SOPHIA-FRANCISCO / SOPHIA FRANCISCO TRADING. CRYPTOGIX is offering investments to the public through the official Facebook group and through a website,
As posted in the official Facebook Group, CRYPTOGIX is allegedly offering investments to the
public for a minimal amount of PHP590.00, with passive earnings as much as 100% for 90 days.
Furthermore, a 5% referral fee is awarded to those who would be able to entice others to invest in
CRYPTOGIX. Interested individuals must register at the website: Further,
investors are encouraged to register an account with Binance for ease of transactions. Investors would be
asked to purchase Binance USD (BUSD)1through Binance and deposit BUSD to the designated Crypto
Network address. Sophia Francisco issues “Joint Venture Agreement” contracts through the Official Facebook group
to assure investors that they will be able to claim their earnings after the said 90-day lock in period.
The transactions stated above are considered securities in the form of “investment contracts”
which must be registered with the Commission. The elements of an investment contract are all present as
there is an investment of money into a common enterprise known as CRYPTOGIX, with the expectation of
100% returns.
The records of the Commission show that CRYPTOGIX is not registered either as a corporation or
as a partnership. Further, CRYPTOGIX is NOT AUTHORIZED to solicit investments from the public since
it has not secured prior registration and/or license from the Commission as prescribed under Sections 8
and 28 of the SRC.
Hence, the public is 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 of CRYPTOGIX, and to exercise
caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it.
Those who act as salesmen, brokers, dealers or agents or claim to act as such SOPHIA FRANCISCO
HOLDING OPC and/or CRYPTOGIX, in selling or convincing people to invest in the investment scheme
being offered by said entity including solicitations and recruitment through the internet may be prosecuted
and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million
pesos (P5,000,000.00) 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 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. No. 195542, 19 March 2014).