Platinum Coin/Platinumcoinpawnshop

February 9, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This is to inform the public that PLATINUM COIN/PLATINUMCOINPAWNSHOP is NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. Based on the reports and information gathered by the Commission, individuals or group of persons claiming to represent PLATINUM COIN with DTI Certificate of Business name PLATINUMCOIN PAWNSHOP in favor of one JESSIEBOY MOMOY DECENAN , are soliciting investments from the public. As posted online, PLATINUM COIN/PLATINUMCOINPAWNSHOP , is offering investments to the public for a minimal amount of Php1,000.00 up to Php650,000.00. Investors can earn 15% up to 50% after 30 days. Investors can earn 1 time 5% outright commission. If an investor applies as an Official Team Leader, he/she can earn a passive income of 2.5% monthly, cash gift worth Php10,000.00 up to Php70,000.00 (cold cash) and Php500 worth of load weekly. Lastly, the investor can also earn 20% yearly bonus. In addition, upon thorough investigation conducted by the Commission. It was found out that PLATINUM COIN/PLATINUMCOINPAWNSHOP is engaged in unauthorized online lending business/activities without a corresponding Certificate of Authority to Operate as a Lending Company from the Commission pursuant to the Lending Company Regulation Act. In this regard, the public is made aware that an " investment contract ," which is a form 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, PLATINUM COIN/PLATINUMCOINPAWNSHOP. 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. Based on the Commission's database, PLATINUM COIN/PLATINUMCOINPAWNSHOP , is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY 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, PLATINUM COIN/PLATINUMCOINPAWNSHOP 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. 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 PLATINUM COIN/PLATINUMCOINPAWNSHOP vis--vis JESSIEBOY MOMOY DECENAN as well as to any other entities having the same or similar schemes and to exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of PLATINUM COIN/PLATINUMCOINPAWNSHOP vis--vis JESSIEBOY MOMOY DECENAN . Those who act as salesmen, brokers, dealers, agents, representatives, solicitors, operators, promoters, uplines, recruiters, influencers, endorsers, abetters and enablers of PLATINUM COIN/PLATINUMCOINPAWNSHOP vis--vis JESSIEBOY MOMOY DECENAN , 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 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. Should you have any information regarding any investment solicitation by any individual or group of individuals on behalf of PLATINUM COIN/PLATINUMCOINPAWNSHOP vis--vis JESSIEBOY MOMOY DECENAN , please send your report through email at [emailprotected] . For the information and guidance of the public. Makati City, February 9, 2023.