Earn Cash Quarantine Lending Consultancy Services

July 6, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES ("EARN CASH") , headed by JOHN MITCHELL MAPAYE ALCANTARA , are enticing the public to invest their money in said entity. As posted online, EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES is offering investments to the public with a minimum amount worth Php2,000 and promises earnings of 40%, 50%, 100% or 300% of their investment in 12, 25, 30 or 75 days , respectively. Interested individuals need to sign up through their website ( https://ecqnow.com/register ) and choose which investment plan they opt to invest in. Their packages for upcoming investors starting July 1, 2021 are as follows: 1. Forty percent (40%) in twelve (12) days lock-in with Php10,000 minimum amount of investment; 2. Fifty percent (50%) in twenty-five (25) days package with Php2,000 minimum amount of investment without lock-in period; 3. One Hundred Percent (100%) in thirty (30) days lock-in with Php20,000 minimum amount of investment; and 4. Three Hundred Percent (300%) in seventy-five (75) days lock in with Php100,000 minimum amount of investment. Investors also have the chance to earn more through the following: 1. 10% commission through direct referral; 2. 25% admin fee will be given to Top 10 Direct Referral Bonus (DRB) earner weekly; and 3. 2% indirect referral down to the 4th level. The withdrawal process may be requested from their website (after lock-in) from 10am to 3pm every Friday and Sunday. An Admin Fee of 10% will be deducted from the withdrawable profit. Payouts are released the following day. As the above described schemes involved the sale of securities to the public, the Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agents have the appropriate registration and/or license to sell such securities to the public pursuant to Section 8 of the SRC. The records of the Commission show that EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES is not registered with the Commission either as a corporation or as a partnership. Further, it is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC. Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES 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 (P5,000,000.00) 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). The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Should you have any information regarding the operation of EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES or any securities solicitation activity by any individual or group of individuals representing EARN CASH QUARANTINE LENDING CONSULTANCY SERVICES , please call the Enforcement and Investor Protection Department at telephone numbers (02) 8818-6047 or send your report to the EIPD at [emailprotected] . For the guidance of the public. Pasay City, July 6, 2021.