50K CLUB / 50K CLUBB ONLINE SHOP / COMMUNITY HELP COIN (CHC) / CRYPTOMARKETERS / CRYPTOMARKETERS WORLDWIDE

Securities and Exchange Commissior Republic of the Philippines Department of Finance

COMMISSION EN BANC

IN THE MATTER OF: 50K CLUB / 50K CLUBB ONLINE SHOP / COMMUNITY HELP COIN (CHC) CRYPTOMARKETERS CRYPTOMARKETERS WORLDWIDE

Promulgated: 25 January 2024 SEC CDO CASE NO. 01-24-107

ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT,

Movant.

CEASE AND DESIST ORDER

directing 50K CLUB / 50K CLUBB ONLINE SHOP / COMMUNITY HELP WORLDWIDE, ("CRYPTO MARKETERS") together with MICHAEL VIOLA Department (EIPD), praying that a Cease and Desist Order be issued: (a) (Mr. Viola), its owner/head, and its (the "Motion") filed by the Enforcement and Investor Protection COIN This resolves the Motion for Issuance of A Cease and Desist Orderi (CHC) CRYPTOMARKETERS 3C salesmen, brokers, dealers, CRYPTOMARKETERS

representatives, GAhhaTE uplines, influencers, endorsers, abettors and enablers 3C entities and subsidiaries

sale or offer of securitie claiming and acting for "Agents"), to immediate in the fc desist from further engaging in the behalf (collectively referred to as ivestment contracts, and/or any activities related the untilth requisite registration statement is duly

and prejudice to all concerned and to ensure the preservation of the deposits, if any, of which the named persons herein may have any issued; and (b) prohibiting CRYPTO MARKETERS, Mr. Viola, and their funds in its depository banks, and from transferring, disposing, or officers, representatives, salesmen and agents conveying in any other manner, any and all assets, properties, real or personal, including bank interest, claim or participation whatsoever, whether directly or indirectly, under their custody, immediately to forestall grave damage filed with and approved by the Securities and Exchange Commission (the Agents, be prohibited from transacting any and all business involving the Commission' and the corresponding license to offer/sell securities is

1 Filed on 23 January 2023 CERTIFIED TRUE COPY OF SEC-CGC

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE CEASE AND DESIST ORDER SEC CD0 Case No. 01-24-107 Page 2 of 14

Commission. assets for the benefit of the investors without authority from the

PARTIES

tasked, among others, to investigate motu proprio or upon complaint or referral, violations of laws, rules, and regulations administered implemented, or issued by the Commission, and to seek the issuance of a Cease and Desist Order whenever warranted by the circumstance.? Movant EIPD is one of the Commission's operating departments

Commission either as a corporation or a partnership. (CHC) / CRYPTOMARKETERS / CRYPTO MARKETERS WORLDWIDE ("CRYPTO MARKETERS") are entities not registered with the 5OK CLUB / 50K CLUBB ONLINE SHOP / COMMUNITY HELP COIN

online shop and the known founder of CHC previously known as CRYPTOMARKETERS. Michael Viola (Mr. Viola) is the registered owner of 50K Club

RELEVANT FACTS

Philippines (RCC) and other laws, rules and regulations enforced by the from the public regarding the alleged solicitation activities of CRYPTO MARKETERS being published and shared on the internet, which Securities Regulation Code (SRC), the Revised Corporation Code of the Commission. prompted the EIPD to conduct a formal investigation on the business operations and activities of the said entities for possible violations of the Beginning 18 October 2022, the EIPD received numerous complaints

Advisory3 in its website to inform and advise the public to exercise investments for and on behalf of CRYPTO MARKETERS. The public was MARKETERS and/or its Agents. caution in dealing with any individual or group of persons soliciting further advised NOT TO INVEST or STOP INVESTING in CRYPTO On 10 November 2022, the Commission issued and posted an

2 SEC Office Order No. 512, series of 2013. 3 Annex "E" of the Motion. CERTIFE SECOC 5

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 3 of 14

Acting on the request of the EIPD, the SEC Cagayan De Oro Extension Office (SEC CDO) conducted an investigation and surveillance operation on CYRPTO MARKETERS, and issued a report4 which detailed events which essentially showed how CYRPTO MARKETERS and its Agents sold/offered unregistered securities to their prospective investors. CYRPTO MARKETERS informed their audience the "community" was formerly called "crypto marketers" but is now called "Community Helper Coin" or "CHC", which was headed and founded by Mr. Michael Viola who also owns the 50K Club Office. Mr. Viola brought the system to Cagayan de Oro where it was operationalized based on its

investors, which included the investigator from the SEC CDO, were likewise informed of the ways to join the community, or to be a member investment of $100 up to $4,000 (PhP6,000- PhP240,000.00), with a maturity date of 60 to 100 days, and a maximum income ranging from 240%-300% percent of the investment, as follows: abroad that allegedly has a million-dollar net worth. The community earns through the online advertisements of "Crypto PR". The prospective of CHC through a "subscription package" which will require a minimum mother company "Crypto PR" which deals with crypto currency business

4000 Subscription 100 200 500 3000 (dollars) 1000 Package Subscription 240,000 6,000 12,000 30,000 180,000 Package (Pesos) 60,000 Maximum Expiry 300 300 300 Income 240 260 280 (% 60 days 70 days 80 days 90 days 100 days 100 days

earn between 0.6-1.2% daily, and enumerated the six (6) ways to CYRPTO MARKETERS also informed its investors that they will earn passive income, as follows:

1 Direct referral bonus of ten percent (10%) for every individual that the investor directly recruits; 2 A share in the Ten-percent (10%) auto-distribution/bonus

subscription package; received by all members, when a new member purchases a

4 Annex G of the Motion for CDO SECOCC

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE CEASE AND DESIST ORDER SEC CDO Case No. 01-24-107 Page 4 of 14

3 A share in the Ten-percent (10%) auto-distribution/bonus received by all members, when a member withdraws an amount from Crypto managers / Crypto managers Worldwide; A A share in the Ten-percent (10%) of "compounding" received by any member, and an additional one expiration day for each member's investment 5 A share in the "daily drip"/daily dividend, which is two percent (2%) of the Vault Balance, or fifty-eight (58%) of the total incrementally distributed every 5 minutes. packages purchased by all members or the so-called "Vault" 6. A VIP/Manager award, for members with at least ten (10)

subscription package availed the VIP/Managers' recruits is recruits, where US$100 and a five (5%) share of the total awarded.

at Yacapin-Velez Sts., Barangay 12, Cagayan de Oro City 9000.5 CDO) for a Certification of Business of 50K Club. The BPLO-CDO confirmed that 50K Club Online Shop, represented by Mr. Michael C. Viola, is operating a business in the City at its registered business address Licensing Office of the local government unit of Cagayan de Oro (BPLO- The SEC-CDO formally requested from the Business Permits &

PR" which deals with crypto currency business based abroad. The submitted in evidence by the EIPD.6 public about the business operations of CRYPTO MARKETERS. The EIPD presence where it markets itself as an advertising platform that gathers promoters who will earn through the online advertisement of "Crypto screenshots of the online posts and presentations found online were Facebook to check the veracity of the information received from the was able to secure evidence showing CRYPTO MARKETERS' online The EIPD conducted an online search using Google Chrome and

that CRYPTO MARKETERS is selling, offering or dealing with requires the investing public to invest an amount ranging from US$50 up to US$1,000. Investors may choose from the following available packages, to wit: unregistered securities in the form of "subscription packages" which The evidence gathered by the EIPD from the internet confirmed

5 Annex "O" of the Motion. 6 Annex "A" of the Motion. CLTTFED TH SEC -OGC

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CD0 Case No. 01-24-107 CEASE AND DESIST ORDER Page 5 of 14

Maximum Basic Premium Advance Package Standard US$ 500 Investment [ Maximum US$50 US$100 US$ 200 US$ 1000 300% Share 220% 240% 260% 280% Expiry 90 days 60 days 70 days 80 days 50 days

any securities pursuant to Sections 8 and 12 of the SRC, or of mutual funds, including exchange traded funds, membership certificates, and of the Commission7 which all confirmed that CRYPTO MARKETERS, Mr Viola and their Agents have not been issued a secondary license to operate as a broker/dealer of securities, and is not a registered issuer of time shares.: selling/offering unregistered securities, the EIPD submitted in evidence the Certifications issued by the Company Registration and Monitoring Department (CRMD), the Corporate Governance and Finance Department (CGFD) and the Markets and Securities Regulation Department (MSRD) In support of its allegation that CRYPTO MARKETERS are

ISSUE

warrant the grant of the Motion and the issuance of a CDO. Whether the allegations and the evidence presented by the EIPD

RULING

same. The Commission finds merit in the Motion and hereby grants the

substantial evidence showed that CRYPTO MARKETERS is offering and/or selling unregistered securities in the form of investment contracts to the public without the requisite license from the Commission. The allegations in the EIPD's Motion which was supported by

Section 3 of the SRC defines "securities" as follows:

7 Annexes "B" "C" and "D" of the Motion 8 Ibid. C

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/l COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS) CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 6 of 14

"SEC. 3. Definition of Terms. -

character. It includes: interests in a corporation or in a commercial enterprise on profit-making venture and evidenced by a certificate, contract, instrument, whether written or electronic in 3.1. "Securities" are shares, participation or

XXX

deposit for a future subscription;" (Emphasis supplied) participation in a profit sharing agreement, certificates of (b) Investment contracts, certificates of interest or

follows: Moreover, an "investment contract" is defined as

to exist whenever a person seeks to use the money or property of others on the promise of profits. transaction or scheme whereby a person invests his profits primarily from the efforts of others. It is presumed money in a common enterprise and is led to expect "An investment contract means a contract,

more than a broker's commission."9 (Emphasis supplied) (2) or more investors "pool" their resources, creating a common enterprise, even if the promoter receives nothing A common enterprise is deemed created when two

securities that are required to be registered with the Commission for the protection of the investing public, to wit: Commission,10 the Supreme Court ruled that investment contracts are In the case of Power Homes Unlimited v. Securities and Exchange

the investing public's level of confidence in the system." (Underscoring supplied) 8799, it must be registered with public respondent SEC. otherwise the SEC cannot protect the investing public from fraudulent securities. The strict regulation of securities is founded on the premise that the capital markets depend on "As an investment contract that is security under R.A. No.

9 Rule 26.3.5 of the Implementing Rules and Regulations of the SRC. 10 Note 24, Supra. THE DOCUMT CERTFIED TTS SEC -OGC RECORD

In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 7 of 14

a profit through the efforts of the promoter or of someone other than scheme whereby a person (1) makes an investment of money, (2) in a common enterprise, (3) with the expectation of profits, (4) to be derived solely from the efforts of others. Investment contracts have been used and adopted in various situations where individuals were led to invest money in a common enterprise with the expectation that they would earn American origin. It traces its roots from the US Supreme Court case entitled Securities and Exchange Commission v. WJ. Howey Co.11 where the Court stated that an investment contract is a transaction, contract, or themselves.12 The concept of an investment contract in the Philippines is of

common enterprise; (3) with expectation of profits, (4) primarily from purpose of deriving profits from them, he or she is in fact investing in a used in Power Homes Unlimited Corporation v. Securities and Exchange control over his or her funds and submits their control to another for the Commission,13 where the Supreme Court ruled that an investment contract in our jurisdiction, to be a security subject to regulation by the Commission, must be proved to be (1) an investment of money; (2) in a efforts of others. Under this definition, whenever an investor relinquishes security.14 This concept of investment contract was thereafter adopted and

Commission agrees with the EIPD, and so holds that CRYPTO MARKETERS is engaged in the sale and/or offer of unregistered securities in the form of investment contracts considering that all the elements of the Howey Test are present in the instant case: Applying the parameters established in jurisprudence, the

an amount ranging from $100 up to $4,000 (PhP6,000. subjects himself to financial loss.15 In the instant case, CRYPTO MARKETERS require their investors to invest First, an investment of money occurs when an investor commits money to an enterprise or venture in a manner that

15 SEC v. International Mining Exchange, Inc., 515 F. Supp. 1062 14 Investment Co. Institute v. Camp, 274 F. Supp. 624 (D. D.C. 1967) 11 328 U.S. 293, 66 S. Ct. 1100, 90 L. Ed. 1244, 163 A.L.R. 1043 (1946). 12 Ibid. Although the definition as stated in the Howey Case qualified that the earning of profit was the qualifier with "primarily", acknowledging that an investment contract may still be present where the individual who placed the money exerted a small amount of effort in an attempt to earn the profits. expected to be solely through the efforts of another party, Rule 26.3 of the 2015 IRR of the SRC replaced 13 G.R. No. 164182, 26 February 2008. SEC

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE CEASE AND DESIST ORDER SEC CD0 Case No. 01-24-107 Page 8 of 14

PhP240,000.00) with 60 to 100 days expiration, and a promised return of 240%-300% based on the amount of investment.

Second, A common enterprise is deemed created when two (2) or more investors "pool" their resources. Thus, joint participation by investors in the same investment enterprise, achieved by pooling the invested funds for a common purpose, is required in order to satisfy the common enterprise element.16

In the instant case, the evidence on record shows that

members of CRYPTO MARKETERS, earn between 0.6-1.2 % investors place a minimum amount of US$100 to become

daily from their investment, and participate in other

commonality is present in "Direct Referral Bonus" where a bonus of 10% is dependent on every successful direct recruit investment-earning schemes. Moreover, the requisite of

investors in "Direct Referral Bonus" are directly related to who will, in turn, invest at least US$100. Thus, the profits of the investment of other recruits/investors. This is the

guaranteed returns and other benefits; investments received by CRYPTO MARKETERS from the public who believes that they will timely receive their common enterprise that is being sustained by the

investors are "attracted primarily by the prospects of a return on his investment."17 resulting from the use of investors' funds. In both cases, through capital appreciation resulting from the development of the initial investment, or participation in earnings Third, there must be an expectation of profits. Profit is either

earning schemes i.e. Direct Referral Bonus; 10% of In the instant case, the investor, who becomes a member, is promised earnings between 0.6-1.2% daily which he/she can hundred (100) days depending on the amount of initial investment. In addition, the investor will have a chance to earn more from his/her investment through the six (6) other receive at maturity date i.e. between sixty (60) to one

17 Power Homes Unlimited Corporation v. Securities and Exchange Commission. 16 Wasnowic v. Chicago Bd. of Trade 352 F Supp 1066. - O

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COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ In the Matter of: 50K CLUB/ 50K CLJBB ONLJNE SHO CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 9 of 14

subscription package by a new member; 10% of amount withdrawn by a member; 10% of amount compounded by a member; VIP/Manager Award; and 2% daily drip (dividend)

Fourth, there must be an expectation of profits primarily from the efforts of others. CRYPTO MARKETERS require its

which they will receive at maturity date without any further do anything to receive these guaranteed returns; all they investors to pay US$100 to US$4000 with a promised return effort or obligation from its investors. The investors need not

have to do is part with their initial investments and wait for

one which conceptualized, and continuously promotes, their investors earn primarily from their efforts. their dividends to accumulate. CRYPTO MARKETERS is the markets and sells the investment packages which shows that

approved by the Commission, to wit: of securities without a Registration Statement duly filed with and Section 8.1 of the SRC specifically proscribes the selling or offering

purchaser." (Emphasis and underscoring supplied) prescribe, shall be made available to each prospective such form and with such substance as the Commission may Securities shall not be sold or offered_for sale or distribution within the Philippines, without a registration statement duly filed with and approved by the Commission. Prior such sale, information on the securities, in "SEC. 8. Requirement of Registration of Securities. - 8.1

Regulations of the SRC defines "Public Offering" as follows: Relative thereto, Rule 3.1.17 of the 2015 Implementing Rules and

public or to anyone, whether solicited or unsolicited. Any of the following modes shall be presumed to be a public solicitation or presentation of securities for sale through any offering: "3.1.17. Public offering is any offering of securities to the

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television, 3.1.17.3 Advertisement telephone, or announcement in radio, electronic communications,

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CD0 Case No. 01-24-107 CEASE AND DESIST ORDER Page 10 of 14

forms of communication;"18 (Emphasis supplied) information communication technology or any other

Necessarily, their act of offering unregistered securities in the form of MARKETERS have not been issued a license to offer securities In the instant case, the evidence on record shows that CRYPTO

investment contracts to the investing public through its social media platform, i.e., Facebook constitutes as a clear and continuing violation of Section 8 of the SRC.

operate as a fraud on investors or is otherwise likely to cause grave or necessity of conducting a hearing if, to its mind, the act or practice wil irreparable injury or prejudice to the investing public, thus: the SRC provides that the Commission may issue a CDO without the Finally, relative to the issuance of a CD0, Section 64.1 of

investors or is otherwise likely to cause grave or irreparable injury or prejudice to the investing public." proprio or upon verified complaint by any aggrieved necessity of a prior hearing if in its judgment the act or practice, unless restrained, will operate as a fraud on Commission, after proper investigation or verification, motu (Emphasis supplied) "Section party,may issue a cease and desist order without the 64. Ceaseand Desist Order. - 64.1. The

requisites that must be complied with before a cease and desist order can be validly issued: Under the afore-quoted provision, there are two (2) essential

1) There must be a conduct of proper investigation or verification; and

2) There must be a finding that the act or practice unless likely to cause grave or irreparable injury or prejudice to the restrained, will operate as a fraud on investors or is otherwise investing public.19

18 Rule 3.1.17 of the Implementing Rules and Regulations of the SRC. 19 Securities and Exchange Commission vs. Performance Foreign Exchange Corporation, G.R. No. 154131 July 20, 2006.

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COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP / CRYPTOMARKETERS WORLDWIDE CEASE AND DESIST ORDER SEC CDO Case No. 01-24-107 Page 11of 14

with the requirements prescribed by law which will justify the valid The Commission finds and so holds that the EIPD fully complied

issuance of a CDO.

investigation and presented sufficient evidence in support of its Motion, officer. Affidavit of EIPD Investigator, and Field Reports of SEC CDO investigating i.e. Certifications from the Commission's CRMD, CGFD, and MSRD, The case records disclose that the EIPD conducted a formal

same will operate as a fraud on investors, or is likely to cause grave or it appear to the public that it is authorized to sell, offer, and deal with presented which showed the unauthorized investment-taking activities of CRYPTOMARKETERS warrants the issuance of a CDO because the irreparable injury or prejudice to the investing public, if not restrained.20 This finding is supported by the fact that CRYPTOMARKETERS is making securities in the form of investment contracts when no such authority was ever issued to it. More importantly, this Commission is convinced that the evidence

investors continue to come in. This fraudulent scheme of selling/offering fraud to the public which should be promptly restrained for the protection of investing public. This finds support in the case of Securities a crypto currency business based abroad which is reliant on investments is not sustainable, and can only be carried out as long as new unregistered securities in the form of investment contracts operates as a and Exchange Commission vs. CJH Development Corp.21 where the Supreme Court held that: "subscription packages" and recruitment and promises high return on It is clear that CRYPTO MARKETERS business model of advertising

whenever the Commission finds it appropriate to issue a that yield such results can only generate further injury "The law is clear on the point that a cease and desist order may be issued by the SEC motu proprio, it being aggrieved party. A prior hearing is also not required cease and desist order that aims to curtail fraud or grave for this provision, as any delay in the restraint of acts to the public that the SEC is obliged to protect. unnecessary that it results from a verified complaint from an or irreparable injury to investors. There is good reason

21 G.R. No. 210316, November 28, 2016. 20 Section 64 of the SRC. A CCPXUF

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP7 COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 12 of 14

The act of selling unregistered securities would necessarily operate as a fraud on investors as it deceives the investing public by making it appear that respondents have authority to deal on such securities Section 8.1 of the SRC clearly states that securities shall not be sold or offered for sale or distribution within the Philippines without a registration statement duly filed with and approved by the SEc and that prior to such sale information on the securities, in such form and with such substance as the SEC may prescribe, shall be made available to each prospective buyer." (Emphasis supplied)

5OK CLUBB ONLINE SHOP / COMMUNITY HELP COIN (CHC) / CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE, WHEREFORE, premises considered, Respondents 50K CLUB

representatives, promoters, recruiters, uplines, influencers, endorsers, abettors and enablers and all persons, conduit entities and subsidiaries MICHAEL VIOLA, and their agents, salesmen, brokers, dealers,

IMMEDIATELY CEASE AND DESIST from engaging in the form of investment contracts and/or any other similar or related acts by the Commission. unlawful/unauthorized solicitation, offer and/or sale of securities in the until the requisite registration statement is duly filed with and approved claiming and acting for and in its behalf, are hereby ordered to

COMMUNITYHELP CRYPTOMARKETERS WORLDWIDE, MICHAEL VIOLA, and their Respondents 50K CLUB / 50K CLUBB ONLINE SHOP COIN (CHC) CRYPTOMARKETERS

recruiters, uplines, influencers, endorsers, abettors and enablers and all persons, conduit entities and subsidiaries claiming and acting for and in agents, salesmen, brokers, dealers, representatives, its behalf, are likewise directed to immediately CEASE their internet promoters,

this Cease and Desist Order. The Commission will institute the appropriate administrative and criminal action against any persons or entities found to act as solicitors, information providers, salesmen, agents, brokers, dealers, or the like for and on their behalf. presence relating to the transactions and investment scheme covered by

CRYPTOMARKETERS / CRYPTOMARKETERS WORLDWIDE,"and~all CLUB / 5OK CLUBB ONLINE SHOP / COMMUNITY HELP COIN (CHC) / Finally, the Commission hereby PROHIBITS Respondents 50K S E

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOPj COMMUNITY HELP COIN (CHC)/ CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 13 of 14

non-bank financial institution, and from transferring, disposing, or including bank deposits, if any, of which the named persons herein may their custody, to ensure the preservation of the assets of the investors. its behalf, its officers, operators, administrators, promoters representatives, salesmen, agents, investment team planners, mentors) any business involving the funds in its depository banks and/or in any conveying in any manner, any and all assets, properties, real or personal, have interest, claim or participation, whether directly or indirectly, under persons, conduit entities, and subsidiaries claiming and acting for and in enablers, influencers, assigns, conduit entities, subsidiaries, and any and all persons claiming and/or acting for and in their behalf from transacting

The EIPD of the Commission is hereby DIRECTED to:

1) Serve this Cease and Desist Order to CRYPTO MARKETERS / Manager, Corporate Secretary, Treasurer, or In-House Counsel; CRYPTO MARKETERS WORLDWIDE, its President, General or if impracticable;

2) Cause the posting of this Cease and Desist Order on the Commission's website.

report, by way of pleading, to the Commission En Banc WITHIN TEN (10) DAYS from receipt of this Cease and Desist Order. The EIPD is FURTHER DIRECTED to submit a formal compliance

government unit(s) for their information and appropriate action. Information and Communications Technology Department of this Information and Communications Technology, and the relevant local Department, Corporate Governance and Finance Department and the Commission, the Bangko Sentral ng Pilipinas, the Department of Trade and Industry, the National Privacy Commission, the Department of and Monitoring Department, Market and Securities Regulation Let a copy of this Order be furnished to the Company Registration

En Banc through the Office of the General Counsel, within five (5) days from receipt of this Order. Part II, Rule IV, Section 4-3 of the 2016 Rules of Procedure of the SEC, the Respondent may file a verified Motion to Lift the CDO to the Commission In accordance with the provisions of Section 64.3 of the SRC and

FAIL NOT UNDER PENALTY OF LAW.

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In the Matter of: 50K CLUB/ 50K CLUBB ONLINE SHOP/ COMMUNITY HELP COIN (CHC)/CRYPTOMARKETERS/ CRYPTOMARKETERS WORLDWIDE SEC CDO Case No. 01-24-107 CEASE AND DESIST ORDER Page 14 of 14

-x

SO ORDERED.

Makati City, Philippines.

EMILIO B. AQUINO

Chairperson

JAVEY PAUL D. FRANCISCO Commissioner KEIMESTERK. Commissioner LEF

KARLQ S. BELLO Commissioner MCJILL BRYANT T.FERNANDEZ Commissioner

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