
SEC Facebook
This is to inform the public that
TETHER
–
PAY/TETHER.PAY.COM /TETHER
PAY LTD./TETHER PAY LIMITED
IS NOT AUTHORIZED TO SOLICIT INVESTMENTS
FROM THE PUBLIC.
This Advisory is prompted by the information
received and
gathered by the
Securities and Exchange Commission (“Commission”) that individuals or group of
persons headed by its CEO,
RENDON DURAN
is
soliciting investment
s
from the public
purportedly to be inv
ested in foreign exchange and cryptocurrency trading.
TETHER-PAY/TETHER.PAY.COM/TETHER PAY LTD./TETHER PAY LIMITED
entices the public to invest online or through the internet an amount ranging from
10
USDT up to 30
0
,000 USDT (equivalent to P55
7
.
5
0
up to P1,672,500)
where
investors
can earn
guaranteed
3% to 10% daily profit in 70 days or
equivalent to
210%
for the same period
(Php 1
,16
9 up to Php 3,515,250).
The said entity likewise offers: 1) ROI Percent Upgrades and 2) Commission Levels.
TETHER
–
PAY/
TETHER.PAY.COM/TETHER PAY LTD./TETHER PAY LIMITED
appears to be
engaged in a
fraudulent scheme of offering and selling unregistered
securities in the form of investment contracts in violation of Sections 8 and 26 of the
Securities Regulation Co
de.
Those who act as salesmen, brokers, dealers, agents, representatives, promoters,
recruiters, uplines, influencers, endorsers
, abetters
and enablers of
TETHER
–
PAY/
TETHER.PAY.COM/TETHER PAY LTD./TETHER PAY LIMITED
vis
–
à
–
vis
RENDON
DURAN
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 maxim
um fine of Five Million pesos (Php5,000,000.00) or penalty of Twenty
–
one (21)
years of imprisonment or both pursuant to Section 73 of the SRC
(G.R. No. 195542, 19
March 2014)
.
In view thereof, the public is advised NOT TO INVEST or STOP INVESTING
in any
i
nvestment scheme being offered by
TETHER
–
PAY/
TETHER.PAY.COM
/TETHER PAY
LTD./TETHER PAY LIMITED
vis
–
à
–
vis
RENDON DURAN
as well as to any other entities
having the same or similar schemes
and to exercise caution in dealing with any
individuals or
group of persons soliciting investments or recruiting investors for and
on behalf of
TETHER
–
PAY/
TETHER.PAY.COM
/TETHER PAY LTD./TETHER PAY
LIMITED
vis
–
à
–
vis
RENDON DURAN
.