The Philippine Securities and Exchange Commission issued an announcement on Wednesday informing the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investment from the public. The company has been offering investment opportunities online, promising a 35% return within 15 days and offering incentives such as smartphones and cars. The regulator stressed that Skyline Crypto and Dry Goods Trading is not registered with the Philippine Securities and Exchange Commission and lacks the required license to operate. The securities regulator warned that the company's scheme is similar to a Ponzi scheme and is illegal and fraudulent. The public is advised not to invest and to report any information about the company's operations.