LMB Football

February 3, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The public is hereby warned concerning the proliferation of sports betting investment scams such as LMB FOOTBALL . Based on the information gathered by the Commission, LMB FOOTBALL is propagating investment-taking activities which promise lucrative returns. LMB FOOTBALL with website, https://lmb9999.com/?ref=13FQQ , and https://lmb9999.com/?ref=3LIZS , claims that it is "one of the safest way to invest hard earned money with zero risk of loss." LMB FOOTBALL is a "reverse betting platform" or "football score prediction trading platform" or "wrong score prediction platform." Simply, once registered with LMB FOOTBALL and depositing/recharging money to your dashboard account, LMB FOOTBALL recommends through its mentors, that you place bets or "buy/order scores" of international football games upon its recommendation or "team guaranteed capital preservation plan" where a wrong bet nets you profits. From 18 betting options of 0-0 to 3-3, LMB FOOTBALL's 17/18 probability of placing bets on the wrong football game score and therefore, earning profits is a very high 95%, but representations reveal no loss or zero risk. In other words, LMB , is enticing the public to invest a minimum of Php300 to earn 3-8% interest rate daily profit one time investment or 90%-240% profit in 30 days , as illustrated below: DETACa LMB FOOTBALL offers another way to get rewards and commission by acting as its agent by inviting people, as explained below: In addition, LMB FOOTBALL offers First Deposit Bonus and VIP Privilege Super Benefits: For the information of all concerned, the schemes of LMB FOOTBALL involve the offering and sale of securities in the form of investment contracts to the public as investors need not exert any effort other than to invest or place monies in LMB FOOTBALL in order to generate income. As we always keep on reminding the public, such investment opportunities are in the nature of investment contracts, which in turn, are considered as securities subject to the regulatory authority of this Commission and that the concerned corporation and/or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Sections 8.1 and 28.1 of the Securities Regulation Code (SRC). Per records of the Commission, LMB FOOTBALL is not registered as a corporation or partnership and is not authorized to solicit investments from the public as it did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8.1 of the SRC. Moreover, LMB FOOTBALL is also NOT REGISTERED either as a crowdfunding intermediary or a funding portal under SEC Memorandum Circular No. 14, Series of 2019 or the Rules and Regulations Governing Crowdfunding . LMB FOOTBALL claims that its headquarters and website were established in the United Kingdom. However, a check with the online database of Companies House, the UK's registrar of companies, reveal that LMB FOOTBALL is not registered therein. Likewise, online verification from the Financial Services Register of the Financial Conduct Authority of the UK, disclosed that LMB Football is not one of the licensed firms permitted to engage in financial services activities in the UK. Consequently, 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 rules and regulations enforced by the Commission . Therefore, those who act as salesmen, brokers, dealers or agents or claim to act as such on behalf of LMB FOOTBALL in selling or convincing people to invest in the investment scheme being offered by said entities 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. aDSIHc Further, 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) . In addition, 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 LMB FOOTBALL and exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of LMB FOOTBALL . Should you have any information regarding any investment solicitation by any individuals or group of individuals on behalf of LMB FOOTBALL please send your report to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT at [emailprotected]. For the guidance of the public. Pasay City, February 3, 2022.