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SEC issues cease and desist order against LMB Football

THE Securities and Exchange Commission has ordered LMB FOOTBALL, and its officers, operators, administrators, promoters, representatives, salesmen, agents, investment team planners, mentors, enables, influencers, assigns, conduit entities, subsidiaries, and any and all persons claiming, acting, and operating for and in their behalf to IMMEDIATELY CEASE AND DESIST from engaging unlawful/unauthorized solicitation, offer and/or sale of securities in the form of investment contracts and/or any other similar of related acts until the requisite registration statement is duly filed and approved by the Commission.

LMB FOOTBALL, its operators, directors, officers, representatives, salesmen, agents and any and all persons claiming and acting for and in their behalf are likewise directed to IMMEDIATELY CEASE their internet presence relating to the transactions and investment scheme covered by the Order.

Finally, the Commission hereby PROHIBITS LMB FOOTBALL, its operators, directors, officers, representatives, salesmen, agents and any and all persons claiming and acting for and in their behalf from transacting any business involving the funds in its depository banks and/or in any non-bank financial institution, and from transferring, disposing, or conveying in any manner, any and all assets, properties, real or personal, including bank deposits if any, of which the named persons herein may have interest, claim of participant, whether directly or indirectly, under their custody, to ensure the preservation of assets of the investors.

The copy of the Order is furnished to the Bangko Sentral ng Pilipinas, the Department of Trade and Industry, the National Privacy Commission, the Department of Information and Communications Technology, and the relevant local government unit(s) for their information and appropriate action.

It can be recalled that the SEC issued an advisory against LMB FOOTBALL last February 03, 2022. Based on the information gathered by the Commission, LMB FOOTBALL is propagating investment-taking activities which promise lucrative returns. LMB FOOTBALL with website, https://lmb9999.com/?ref=13FQQ, and https://lmb9999.com/?ref=3LIZS, claims that it is “one of the safest way to invest hard earned money with zero risk of loss.”

LMB FOOTBALL is a “reverse betting platform” or “football score prediction trading platform” or “wrong score prediction platform.” It is enticing the public to invest a minimum of Php300 to earn 3-8% interest rate daily profit one-time investment or 90%-240% profit in 30 days.

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