The Securities and Exchange Commission (SEC) has issued a warning to the public regarding three entities engaging in unauthorized investment solicitations.
These three entities, namely Centuros Finance Group II, Moo Farm, and Ayn E-Commerce, have been identified as soliciting investments from the public without the required license from the SEC.
According to the SEC, some of these groups’ investment schemes closely resemble pyramid or Ponzi schemes, wherein investors generate income primarily through recruitment fees rather than the sale of genuine products or services.
Centuros Finance, purportedly involved in cryptocurrency trading, lures the public into online investments promising guaranteed profits ranging from 80 percent to 160 percent, depending on the invested amount, within a remarkably short period of six to 10 days.
On the other hand, Moo Farm encourages potential investors to join their social media group chat for membership. Once registered, prospective investors are urged to invest a minimum of P300 for the basic plan, promising daily earnings of P100, or up to P50,000 for the master plan, with a daily earning potential of P50,000.
Meanwhile, Ayn E-Commerce targets individuals seeking part-time employment and offers prospective investors the opportunity to earn daily profits ranging from P1,000 to P5,000, requiring just 10-15 minutes of online platform engagement.
The SEC strongly advises the public against investing in these entities and urges caution when dealing with their representatives.