Business

SEC warns public against MYBITCLAIM Trading Corp.

The Securities and Exchange Commission has warned the public against investing in MYBITCLAIM Trading Corp., which is not authorized to solicit investments.

The Securities and Exchange Commission has warned the public against investing in MYBITCLAIM Trading Corp., which is not authorized to solicit investments.

Based on the investigation by the SEC, MYBITCLAIM has been enticing the public to invest through the internet.

Under its Buy and Earn X4 Program, the company promises a guaranteed payout for 30 days – P3,600 for P1,000 worth of products invested, P18,000 for an investment amounting to P5,000, P36,000 for a P10,000 investment, P180,000 for P50,000 investment, P350,000 for P100,000 worth of investment, P1.8 million for P500,000 investment and P3.6 billion for an investment of P1 million.

SEC said while the company is registered as a corporation under the Corporate Code, it is not authorized to sell or distribute any investments or securities to the public.

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