SEC ADVISORY: HEROMINING/HERO MINING/HERO MINING INTERNATIONAL GROUP

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The Enforcement and Investor Protection Department of the Securities and Exchange Commission (SEC) has issued an advisory against HEROMINING/HERO MINING/HERO MINING INTERNATIONAL GROUP.

 

The SEC Davao Extension office confirms that HEROMINING/HERO MINING/HERO MINING INTERNATIONAL GROUP has operations within SEC-Davao’s Area of Responsibility (Davao Region, SOCCSKSARGEN, Cotabato City and the Maguindanao Provinces).

As posted on their website, you can invest in HEROMINING/HERO MINING/HERO MINING INTERNATIONAL GROUP by registering first, then you can choose from any of the Seven (7) types of RIGS EQUIPMENT/MACHINE which are Storm B-13 worth $10 valid for 20 days, S18J-3003 worth $30 valid for 60 days, M2-14T worth $40 valid for 200 days, MST-3004 worth $40 valid for 120 days, 1246-30T worth $493 valid for 365 days, M20S-98T worth $691 valid for 365

days and JHS-32 worth $789 valid for 365 days.

The investor can earn from Php1,000 up to Php144,905. And also, investors can earn 60% from the profit of their successful recruit or invited friends. Lastly, the investor can also earn through staking for 1 week up to 3months ranging from 10% up to 240%.

Based on the Commission’s database, HEROMINING/HERO MINING/HERO MINING INTERNATIONAL GROUP, is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC).

 

Further, the scheme employed by HEROMINING/HERO MINING/HERO MINING INTERNATIONAL GROUP, shows indication of a possible “PONZI SCHEME” where monies from new investors are used in paying “fake profits” to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors.

For the complete list of advisories, you may visit https://www.sec.gov.ph/investors-education-and-information/advisories/

We are reminding the public to exercise caution when dealing with individuals or groups soliciting investments for and on their behalf. Should you have any information regarding the operation of , and its representatives or agents, please send your report through email at epd@sec.gov.ph

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