April 23, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
The Commission has received reports and gathered information that an entity by the name LEGIT PAYOUT/LEGIT PAY OUT'S is engaged in investment-taking activities.
Based on the information and reports from the public, LEGIT PAYOUT/LEGIT PAY OUT'S is being operated by a certain Mr. WILME JOE VERGARA a.k.a. Mr. JOE DE VERGARA. The scheme of LEGIT PAYOUT/LEGIT PAY OUT'S was posted on the Facebook (FB) account of Mr. JOE DE VERGARA.
As posted in his FB account, Mr. WILME JOE VERGARA a.k.a. Mr. JOE DE VERGARA enticed the public to invest their money in LEGIT PAYOUT/LEGIT PAY OUT'S with a promise of Sixty Percent (60%) return of investment on top of the invested money within a period of two (2) weeks, to wit:
As can be seen in the above FB posts, a prospective investor shall first secure a slot. One slot is equivalent to ONE THOUSAND PESOS (Php1,000.00) and the period of investment is Two (2) weeks. After such period, your investment amounting to One Thousand Pesos (PhP1,000.00)...
