The Securities and Exchange Commission (SEC) has warned the public against investing in Quadbit Verse and C’preneur Perfume Trading, citing their unauthorized solicitation of investments and promises of high returns.
In separate advisories, the SEC said both entities are not registered as corporations or partnerships, and lack the necessary license to solicit investments from the public.
Quadbit Verse was found operating through a self-run website and social media platforms as an “online subscription platform.” It allegedly engages in forex and cryptocurrency trading, affiliate marketing, and even claims involvement in coal mining—activities commonly linked to fraudulent or unsustainable investment schemes, according to the SEC.
Meanwhile, C’preneur Perfume Trading offers the public investment options ranging from a Starter Package (P2,500) to a Mobile Stockist Plan (P100,000). The scheme promises high returns through a binary commission system, rebates, and multi-level marketing (MLM) incentives, with projections claiming earnings of up to P3.28 million in just three months. Participants earn commissions for recruiting new members, a structure the SEC warns is typical of pyramid-type schemes.
The SEC emphasized that these offerings fall under the definition of investment contracts, which are considered securities and must be registered. The public is urged to exercise caution and report suspicious investment activities to the Commission.
