99 Dragons PH

October 3, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This is to inform the public that 99 DRAGONS PH is NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. This Advisory is prompted by the information gathered by the Securities and Exchange Commission ("Commission") that an identified Team Manager of 99 Dragons PH under the name of a certain MARIE RYKELL HERNANDEZ is soliciting investments from the public, which investment is purportedly to be managed by professional traders and asset managers. HTcADC 99 DRAGONS PH through its agents entices the public to invest online through a website, social media or the internet in three (3) programs namely: Simple Plan, Level Up Plan and Supreme Plan with the following schemes: PROGRAMS INVESTMENT (PHP) PERIOD GUARANTEED PROFIT RATE AMOUNT (Php) SIMPLE PLAN 1,000 to 100,000 10 days 125% 1,250 to 125,000 LEVEL UP PLAN 500 to 500,000 20 days 160% 800 to 800,000 SUPREME PLAN 1,000 to 1,000,000 monthly 200% 2,000 to 2,000,000 99 DRAGONS PH likewise offers a Referral Bonus equivalent to 10% of the investment received by the entity from the referrals made by its members. CAIHTE The investment offering by 99 DRAGONS PH constitutes solicitation of investments from the public as the investors are enticed to invest money amounting from Php1,000.00 up to Php1,000,000.00 and in turn such investment will earn guaranteed profit ranging from 125% to 200% in just 10, 20, and 30 days, respectively , in violations of Sections 8, 26 and 28 of the Securities Regulation Code (SRC) and Section 11 in relation to Section 3 (f) of Republic Act No. 11765 otherwise known as the Financial Products and Services Consumer Protection Act (FCPA). In this regard, the public is made aware that, an "investment contract," which is a kind of security, exists when there is an investment or placement of money in a common enterprise with a reasonable expectation of profits to be derived primarily from the efforts of others which is prominent in the scheme of 99 DRAGONS PH . As such, the SRC requires that securities must be first registered with this Commission before it can be offered and/or sold to the public and that the concerned entity and/or its agents should have the appropriate registration and/or license to offer and/or sell such securities to the public. Based on the Commission's database, 99 DRAGONS PH , is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC). Further, the scheme employed by 99 DRAGONS PH has the characteristics of a "Ponzi Scheme" where money from new investors are used in paying "fake profits" to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent participants if new investors become scarce. aScITE The offering and selling of securities in the form of investment contracts using the "Ponzi Scheme" which is fraudulent and unsustainable, is NOT a registrable security. The Commission will not issue a License to Sell Securities to the Public to persons or entities that are engaged in this business or scheme. Accordingly, the Commission warns all unscrupulous individuals and/or entities that strict penalties are imposed for violations of the Securities Regulation Code, the Revised Corporation Code of the Philippines and such other laws, rules and regulations enforced by the Commission . Those who act as salesmen, brokers, dealers or agents of 99 DRAGONS PH vis--vis MARIE RYKELL HERNANDEZ , in convincing people to invest in the offered scheme, and those involved in solicitations and recruitment through the internet may be prosecuted and held criminally liable under Section 28 of the SRC and Section 11 of the FCPA both penalized separately with a maximum fine of Five Million pesos (Php5,000,000.00) or penalty of Twenty-one (21) years of imprisonment, or both pursuant to Section 73 of the SRC (G.R. No. 195542, 19 March 2014) . In view thereof, the public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by 99 DRAGONS PH vis--vis MARIE RYKELL HERNANDEZ as well as to any other entities having the same or similar schemes and to exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of 99 DRAGONS PH vis--vis MARIE RYKELL HERNANDEZ . Should you have any information regarding any investment solicitation by any individuals or group of individuals on behalf of 99 DRAGONS PH vis--vis MARIE RYKELL HERNANDEZ , please send your report to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT at [emailprotected] . For the guidance of the public. DETACa Makati City, October 3, 2023.