Axiecrowd Asia

November 25, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Securities and Exchange Commission has received information that individuals or group of individuals representing AXIECROWD ASIA are enticing the public to invest their money in the said entity with the promise of monetary rewards or profits. The main scheme of Asiacrowd are as follows: That is: your investment shall earn 50% in just a matter of fifteen (15) days. Presently, the entity has a special program where an investment shall earn seven times (7x) within a period of ninety (90) days plus other incentives. In addition, a 15% referral commission shall be given to investor who were able to recruit another to join into the scheme. Investors may send their investment through the entity's Mode of Payment under the name of a certain Jonathan Del Rosario thru GCash: AXIECROWD ASIA is not a registered entity with this Commission either as a corporation or as a partnership. Having no primary registration with this Commission, it follows that AXIECROWD ASIA is NOT AUTHORIZED to solicit investments from the public since it can never secure the required and necessary registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code taking into consideration as well that the scheme it offers is within the context of a ponzi scheme where the main source of income that shall in turn be distributed among the investors primarily comes from the investment of the incoming investors. 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 and such other laws, rules and regulations enforced by the Commission . Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such of AXIECROWD ASIA in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations and recruitment through the internet may be prosecuted and held criminally liable under Section 28 of the SRC and penalized 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. Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminal liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March 2014) . Further, 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. In view thereof, the public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by AXIECROWD ASIA and exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of AXIECROWD ASIA . Should you have any information regarding any investment solicitation by any individuals or group of individuals on behalf of AXIECROWD ASIA , please send your report to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT at [emailprotected] . For the guidance of the public. Pasay City, November 25, 2021.