Authorities flag Ecocapsule.cc for soliciting unauthorized investments with fake profits and unsustainable referral commissions.
Ecocapsule homes may seem trendy, but they are actually part of an unauthorized investment scheme, according to local trading authorities.
The Securities and Exchange Commission (SEC) has warned the public that Ecocapsule.cc is not registered and is not authorized to solicit investments.
The investment scheme promises large hourly and daily returns in exchange for a minimum deposit of ₱781. The scheme also encourages users to build their own Ecocapsule team to earn through referral commissions.
The SEC has described the Ecocapsule investment model as a Ponzi scheme, where money from new investors is used to pay “fake profits” to earlier investors. The model is unsustainable and ultimately puts investors at a financial disadvantage.
How the “egg” scheme cracks
Ecocapsule is an actual product in Slovakia, referring to mobile homes with an egg-like design that utilize solar and wind energy. However, the company has not officially entered the Philippines. Parties soliciting investments may be fraudulent and are not actual representatives of the Ecocapsule company.
Companies soliciting investments from the public must secure the proper permits from the SEC to ensure compliance with strict trading laws and consumer protection measures. Those who endorse illegal investments can be held criminally liable.
Don’t get egg-trapped! The SEC warns that the Ecocapsule investment scheme is a Ponzi scam. Learn the red flags before you lose your hard-earned ₱781.
