September 22, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
Based on information gathered by the Commission, individuals and groups of persons representing CROWDBIT-88.COM (CROWDBIT-88) owned and operated by Hazel Tesoro Figueroa, a.k.a. Hazel Taguinod Figueroa are engaged in investment-taking activities not authorized by the Commission.
CROWDBIT-88 entices the public by recruiting them to become members through its so-called Invest Wait and Earn (IWE) Crowdfunding Bit In Bit Out.
There are 2 complans of Crowdbit-88, the first is Crowdbit Original where you can invest for as low as Php100 and earn 200% ROI for 15 days Lock-in Program.
In this complan, there are different ways to earn extra income such as:
(1) Direct Selling;
(2) Direct Referral Bonus of 5%;
(3) Indirect Referral Bonus of 10% (from the 2nd up to the 10th level); and
(4) Unilevel Bonus.
The second complan is Crowdbit Binary where the minimum investment is Php1,000 with 200% ROI for 15 days Lock-in Program.
Crowdbit Binary complan also offers different ways to earn such as:
1. Direct Referral Bonus where you will get Php50.00 for every new...
