Hustlin Bullies

September 14, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received numerous reports regarding the activities of an entity named HUSTLIN BULLIES which is engaged in investment-taking activities. Based on information gathered by the Commission, HUSTLIN BULLIES is enticing the public to participate in its dog-breeding program, buy and sell program, clothing line program and construction business program. An investor may opt to invest any amount more than Twenty Thousand Pesos (Php20,000.00) as they do not limit the maximum investment an individual can invest, with 48% guaranteed Return On Investment (ROI) for the period of 6 months . Briefly, an "investment contract" exists when there is an investment or placement of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others which is prominent in the scheme of HUSTLIN BULLIES . As such, the Securities Regulation Code (SRC) requires that said offer and sale of securities must be duly registered with the Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public. Based on the Commission's database, HUSTLIN BULLIES 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 HUSTLIN BULLIES , shows indication of a possible "Ponzi Scheme" where monies 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 members in case of scarcity of new investors. 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. In view thereof, the public is hereby advised to STOP INVESTING in the investment scheme being offered by HUSTLIN BULLIES , and its representatives . Those who act as salesmen, brokers, dealers or agents of HUSTLIN BULLIES , in selling or convincing people to invest in the investment scheme being offered by the said entity including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty-One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014) . Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. Should you have any information regarding the operation of HUSTLIN BULLIES , and its representatives, please send your report through email at [emailprotected] For the information and guidance of the public. Pasay City, September 14, 2021.