The Securities and Exchange Commission issued this warning in an emailed press release.
The members can earn through direct selling and the buy-and-earn program as well as the so-called direct referral, pairing and uni-level bonuses. Meanwhile, the TBCMMP Masa Mart offers an investment package of P5,888 in exchange for products worth 75 percent of the amount invested, free annual subscription worth $10 and a $100 investment in The Billion Coin . Incidentally, SEC had flagged the TBC in a separate advisory.
The company’s investment scheme also offers 30 percent monthly to 2,561.81 percent per annum earnings by paying $25 to $20,000 fee for a subscription to the TBC Cookie Rewards and UMC Masa Coin. Both JOCALS688 and TBCMMP Masa Mart are registered corporations with SEC. But their registrations only grant them juridical personality and do not authorize them to issue, sell or offer for sale securities to the public nor engage in business activities requiring a secondary license from the SEC.