The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on BRIX VENTURES INCORPORATED, warning the public of the individuals and groups involved in such activities. The advisory defines the activities behind the scheme, and advises the public to not to invest or stop investing in any investment scheme offered by the said company.
In support of this view, Coins.ph does not endorse or is affiliated in any way with such activities or products. Moreover, we have a zero tolerance policy on fraudulent activities and potentially scamming practices. In a separate article, we have enumerated tips on how you can avoid investment schemes and other online scams. We urge our customers to be extra diligent with their funds and to act within our User Agreement.
The Commission has received numerous reports regarding the activities of an entity named BRIX GAMEFOWL BREEDING/BRIX VENTURES INCORPORATED/AB EUGENIO TRADING.
Based on the information gathered and verified by the Commission, BRIX GAMEFOWL BREEDING using an SEC registered company named BRIX VENTURES INCORPORATED and DTI registered name AB EUGENIO TRADING under Mr. Allan Brix Cabral Eugenio, has been enticing the public to invest by purchasing a minimum of two (2) texas chicken worth Nine Hundred Ninety Eight Pesos (Php998.00) and earn Three Thousand Pesos (Php3,000.00) after ninety (90) days. The scheme is presented as follows:
The public is hereby informed that based on the records of the Commission, BRIX VENTURES INCORPORATED is registered with the Commission as a corporation under the Corporation Code of the Philippines but is NOT authorized to offer, solicit, sell or distribute any investment/securities to the public. Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with SEC before they can be offered or sold to the public under Sections 8
and 12 of the Securities Regulation Code (SRC).
Those who act as salesmen, brokers, dealers, or agents of BRIX GAMEFOWL BREEDING/BRIX VENTURES INCORPORATED/AB EUGENIO TRADING in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations or recruitment through the internet may likewise 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 a maximum penalty of TWENTY-ONE (21) years imprisonment 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 of the foregoing, the public is hereby advised STOP INVESTING in the investment scheme being offered by BRIX GAMEFOWL BREEDING/BRIX VENTURES INCORPORATED/AB EUGENIO TRADING or its representatives.
Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers 818-6047.
For the guidance of the public.