September 7, 2018
SEC ADVISORY
This ADVISORY is prompted by inquiries and reports to the Commission that PHILCROWD.COM is soliciting investments wherein investors paid Two Thousand Five Hundred Pesos (Php2,500.00) as membership fee and become eligible to fund any business they like — from agribusinesses, food franchises, energy, real estate and more. Target returns can range from Five to Fifty Percent (5-50%). Payment of return of investment is done through direct bank deposit or fund transfer to: Banco de Oro-Idea School and BPI-Michael Caya.
The public is hereby informed that based on the records of the Commission, PHILCROWD.COM, is not registered with the Commission as a corporation and/or partnership and is not authorized to solicit investments from the public as it has not secured the necessary license or permit from the SEC as required under Section 8 of the Securities Regulation Code (SRC).
The public is hereby warned that such investment schemes whether with the use of money or virtual currencies such as bitcoin, etherium, ripple, dash, litecoin, monero, SIBcoin, mooncoin and many others are considered as securities...
