LeBronify/Authority Circle

August 3, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This is to inform the public that LEBRONIFY/AUTHORITY CIRCLE is NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. HTcADC Based on information gathered from reports and data from open sources, LEBRONIFY/AUTHORITY CIRCLE is engaged in investment taking activities under the guise of freelancing consultancy. As promoted by a certain " NEIL REICHL " through his Facebook Account, Instagram account, Spotify Podcast and Tiktok Videos, the would-be investors may invest either Php500,000.00, 750,000.00 or 2,000,000.00 with the first and second option having a lock-in period of 12 months with a minimum 100% interest after the maturity of the investment. In this regard, the public is made aware that an "investment contract," a kind of security, 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 LEBRONIFY/AUTHORITY CIRCLE . CAIHTE As such, the Securities Regulation Code (SRC) requires that said offer and/or 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. Further, the Financial Products and Services Consumer Protection Act also prohibits investment fraud which is defined under the law as any form of deceptive solicitation of investments from the public which includes Ponzi schemes and such other schemes involving the promise or offer of profits or returns sourced from the investments or contributions made by the investors themselves and the offering or selling of investment schemes to the public without a license. Based on the Commission's database, LEBRONIFY/AUTHORITY CIRCLE IS NOT REGISTERED as a corporation. Hence, the aforementioned entities are not allowed 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 LEBRONIFY/AUTHORITY CIRCLE has the characteristics of a " Ponzi Scheme " where money 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. aScITE 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 NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by LEBRONIFY/AUTHORITY CIRCLE , and its representatives . Those who act as salesmen, brokers, dealers, agents, representatives, promoters, operators, recruiters, uplines, influencers, endorsers, abettors and enablers of LEBRONIFY/AUTHORITY CIRCLE , 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 11 of the Financial Products and Services Consumer Protection Act (FCPA) and Section 28 of the SRC and for the two offenses, both penalized with separate 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. 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). 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 LEBRONIFY/AUTHORITY CIRCLE , and its representatives, please send your reports through email at [emailprotected] . For the information and guidance of the public. Makati City, August 3, 2023.