The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on BILL FORD TRADING 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 information that individuals or group of persons
representing an entity named BILLFORD TRADING COMPANY and BILL FORD VIP TRADING INC.
are enticing the public to invest in said entities.
Based on the reports from the public and as posted in Facebook, BILLFORD TRADING and BILL FORD VIP TRADING INC., operated by BILLY FORD DELOS SANTOS ANDRADA, are enticing the public to invest in the said entity by buying one (1) pig for the price of P2,500.00 with a promise of getting the investment back amounting to P4,375.00 in just three (3) months, subject to the following compensation plan:
The public is hereby informed that BILLFORD TRADING COMPANY and BILL FORD VIP TRADING INC. are not authorized to solicit investments from the public as these entities did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 of the Securities Regulation Code (SRC).
Those who act as salesmen, brokers, dealers or agents of BILLFORD TRADING COMPANY and BILL FORD VIP TRADING INC. in selling or convincing people to invest in the investment scheme being offered by the said entities 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).
In view thereof, the public is hereby advised to STOP INVESTING in the investment scheme being offered by the said entities and by BILLY FORD DELOS SANTOS ANDRADA.
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 the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers 8818-6047.
For the guidance of the public.
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