Let's Raise Money-Jhen's Credit Collection Services

June 17, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received information that individuals or group of persons representing an entity named LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES are enticing the public to invest in said entities. Information gathered from report shows that a certain JENNIFER D. PINGAD is inviting the public to join LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES by investing a minimum amount of Php2,000.00 for a promise of receiving 25% interest within 7 days . Based on the reports, LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES is showing and presenting its DTI Certification as a way of enticing the public to invest in the said entity. Further, reports revealed that LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES is enticing the public to invest for a promise of receiving high return of investments, subject to the company's terms of disbursement. Below is a screenshot copy of the subject entity's Letter of Agreement and Terms of Disbursement: Moreover, it was reported that LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES promises investors with a 25 Kilos Rice Incentives and a Cash or Referral Bonus. Below are some of the posts: The public is hereby informed that LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES is not registered with the Commission as a corporation or partnership and is not authorized to solicit investments from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC). Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is being offered 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. In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of LET'S RAISE MONEY-JHEN'S CREDIT COLLECTION SERVICES . The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entity or its representatives. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department (EIPD) at telephone number 8818-6047 or email at [emailprotected] or visit the EIPD at Ground Floor, North Wing Hall, Secretariat Building, PICC Complex, Pasay City. For the guidance of the public. Pasay City, June 17, 2021.