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SKY INTERNATIONAL TRADE CO., LTD./Philippine88.com
SKY INTERNATIONAL TRADE CO., LTD./Philippine88.com is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public

Date Posted: 15 February 2022

SKY INTERNATIONAL TRADE CO

SKY INTERNATIONAL TRADE CO

SEC Facebook

This ADVISORY is prompted by reports and information gathered by the Commission that
individuals or group of persons representing
SKY INTERNATIONAL TRADE CO.,
LTD./Philippine88.com
,
is enticing the public, through social media platform or through their
own independent websites, to invest in said entity.
As posted on its w
ebsite
,
https://philippine88.com/#/home
, you can invest by
registering first, then you can choose from any of the nine (9)
VIP PLANS
with
corresponding 20 daily grabbing orders,
VIP1, worth Php200.00, VIP2, worth
Php300.00, VIP3, worth Php500.00, VIP4, worth Php1,000.00, VIP5, worth
Php3,000.0
0, VIP6 woth Php5,000.00, VIP7 wo
r
th Php10,000.00, VIP8 worth
Php20,000.00
and
VIP9 worth Php50,000.00
,
accordingly. The investor can earn
Php20.00
to
Php2,400.00
daily
depending on what plan they get. An investor can also
earn from direct order rebate equivalent to 10% and 5% for indirect order rebate.
Briefly, an “
investment contract”
exists when there is an investment or placement of
money in a common enterprise with
a reasonable expectation of profits to be derived from the
efforts of others
which is prominent in the scheme of
SKY INTERNATIONAL TRADE CO.,
LTD./Philippine88.com
.
As such, the Securities Regulation Code (SRC) requires that said offer and sale of securiti
es
must be duly registered with the Commission and that the concerned entity and/or its agents
should have the appropriate registration and/or license to sell such securities to the public.
Based on the Commission’s database,
SKY INTERNATIONAL TRADE CO
,,
is
NOT REGISTERED
as a corporation or partnership
and
OPERATES
WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY
to solicit, accept or take
investments/placements from the public nor to issue investment contracts and other forms of
securities defined under Section 3 of the Securities Regulation Code (SRC)
.
Further,
the
scheme
employed
by
SKY
INTERNATIONAL
TRADE
CO.,
LTD./Philippine88.com
,,
shows indication of a possible
“Ponzi Scheme”
where
monies from
new investors are used in payi
ng “fake profits” to prior investors
and is designed mainly to favor
its top recruiters and prior risk takers and is detrimental to subsequent members in case of
scarcity of new investors.
The offering and selling of securities in the form of investment c
ontracts using
the
“Ponzi Scheme”
which is fraudulent and unsustainable, is
NOT
a registrable security.
The Commission will not issue a License to Sell Securities to the Public to persons or
entities that are engaged in this business or scheme.
In view thereof, the public is hereby advised
NOT TO INVEST
or
to
STOP INVESTING
in
the
investment
scheme
being
offered
by
SKY
INTERNATIONAL
TRADE
CO.,
LTD./Philippine88.com
,,
and its
representatives.
Those who act as salesmen, brokers, dealers or agents of
SKY INTERNATIONAL TRADE CO
,
in selling or convincing people to invest in the investment scheme
being offered by the said entity 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. O
udine 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.
Should you have any informati
on regarding the operation of
SKY INTERNATIONAL TRADE CO
,
and its representatives,
please send your report through
email at epd@sec.gov.ph