Butuan city: The Securities and Exchange Commission in Butuan City (SEC-Butuan) warned residents in the Caraga Region about two illegal investment schemes.

According to Philippines News Agency, the SEC advisory states that De Guzman Consumer Goods Trading, owned by Rosemary De Leon De Guzman, is enticing the public to become investors or co-partners in a farming and trading business. The scheme allegedly promises returns ranging from 60 percent to 200 percent within 30 to 60 days. The SEC clarified that the entity is not registered as a corporation or partnership and operates without the necessary license or authority to solicit investments or issue securities.

The second scheme, managed by Christabel Arroyo through her Facebook account, involves bitcoin mining trading investments. Arroyo allegedly trades and manages investor accounts, promising substantial profits. The scheme invites a minimum capital of PHP5,000 for a promised return of PHP50,000 within 24 hours. The SEC noted that such a scheme requires registration, and Arroyo is not licensed as a Registered Associated Person or a Certified Investment Solicitor.

SEC-Butuan confirmed in a statement on Tuesday that it has monitored the illegal operations of both entities in the region. “We are calling on the public to be aware of these two investment schemes which are illegal,” the SEC-Butuan said. The agency urged anyone with complaints or information to contact them via email at [email protected].