CAGAYAN DE ORO CITY - The Securities and Exchange Commission here warned the public against investing in Crypto Marketers which offers a daily income of 1.5% - 2% for a $20 investment.
SEC said Crypto Marketers
are enticing investors to put more money and earn hefty income. It said members
of Crypto Marketers are allegedly required to perform simple daily tasks for
which promoters will be paid daily and may earn more by inviting others to
join.
The SEC said through Crypto
Marketers, members may earn passively in the following ways: (1) 2% daily
dividend from the Vault Balance, which is distributed every five minutes; (2)
10% auto distribution from the package purchased by a new member; (3) 10% auto
distribution from the withdrawals made by any member; and (4) 10% auto
distribution from compounding by any member.
In addition, promoters may
also earn through direct referral rewards, as Crypto Marketers awards a 10%
bonus to the promoter for every direct recruit.
The SEC said Crypto
Marketers or Crypto Marketers Worldwide is not registered in the Philippines
either as a corporation or partnership and is not authorized to solicit
investments from the public. (Mindanao Examiner)
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