Despite the revocation in November 2023, BBM International is still operating in some areas of Visayas and Mindanao.
The group was collecting fees, promising benefits like food security, free education, and cash assistance, while falsely using President Marcos Jr.’s image to appear legitimate.
Their actions violate the Revised Corporation Code, which limits corporate powers to those legally granted.
The SEC has advised the public since August 2023 to be cautious and warned that those promoting such schemes may face severe penalties, including fines and imprisonment.
