August 18, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent CHIYUTO CREATIVE WEALTH DOCUMENT FACILITATION SERVICES ("CCWDFS"), headed by PATROCENIO CALVEZ CHIYUTO, JR. aka Don Chiyuto, are enticing the public to invest their money in said entity.
As posted online, CHIYUTO CREATIVE WEALTH DOCUMENT FACILITATION SERVICES is offering investments to the public by availing of their so-called Double-Your-Money "Roulette" game investment with a minimum amount worth Php1.00 up to a maximum of Php1 Million.
Upon joining, a member will be asked to spin the roulette wheel which will randomly pick different payout days:
Payout Days |
1 Day |
30 Days |
45 Days |
Thus, the member will earn one hundred per cent (100%) for 1 day, 30 days or 45 days, respectively, depending on the result of the spin of the roulette wheel. The company will then issue a promissory note in the name of the member-investor with the corresponding amount representing his payout and the date of maturity or when...
