19 New Scam Alerts! June 2021-July 2021

scam alert

Scam Alert! The Securities and Exchange Commission (SEC) to shut down get-rich-quick scams.

These companies are NOT REGISTERED with the Commission or OPERATE 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).

Please see the list below of illegal entities:

1. XIAN COIN (“XNC”)

The Securities and Exchange Commission has received information that CHRISTIAN ALBERT GAZA(“Xian Gaza”), individuals and/or group of persons representing XIAN COIN (“XNC”) are enticing the public to invest in its digital currency claiming that the holders of XNC will enjoy a high range of price stability and appreciation of value due to the fact that it is taking advantage of a single, centralized supply chain. It further claims that it is independently controlled by the virtual cryptocurrency bank of Xian Gaza with a limited global supply of 75 million XNC.

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Based on its website https://xianco.in/Xian Coin or XNC is a centralized digital currency powered by the Etherium Blockchain that is exclusively traded by its coin holders. It is owned and issued by a virtual cryptocurrency bank where you can exchange your coins to Xian Coin, Colombian Peso, Mexican Peso, Brazilian Real, Peruvian Sol, and Philippine Peso. It also states that the primary function of Xian Coin is to create a powerful, unregulated, and untraceable financial payment system that will power transactions and businesses across geographical spheres.

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The records of the Commission show that XIAN COIN is not registered with the Commission either as a corporation or as a partnership. Further, it is NOT authorized to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Section 8 and 28 of the Securities Regulation Code.

In the same manner, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable under Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P 5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC Vs. Oudine Santos, G.R. No. 195542, 19 March 2014). Thus, the public is hereby warned that the scheme employed by XIAN COINS clearly shows an 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 a subsequent member in case of scarcity of new investors. SEC Advisory on XIAN COIN

2. FLINT / FLINT PH / FLINT PHILIPPINES / FLINT TECHNOLOGY CORP.

The Securities and Exchange Commission has received information that individuals or groups of persons representing FLINT/FLINT PH/ FLINT PHILIPPINES/FLINT TECHNOLOGY CORP. which is being operated by JAN ANDRE M. MERCADO is enticing the public to invest in said entity.

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FLINT bills itself as the first, tech-enabled low-cost Philippine Real Estate Crowdfunding Platform powered by SeedIn Technology, allegedly South East Asia’s largest business financing platform. Through Flint, investors are given an opportunity to buy an investment share in a pre-funded property or funded with first position financing. Based on information gathered by the Commission, FLINT offers investments as low as Php1,000.00 with a guaranteed 12% return per annum as herein shown:

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In a video posted on YouTube, Mr. Mercado claims that FLINTis a creation of SIGNET PROPERTIES, which was also founded by him. FLINT is designed to cater to those who want to invest in real estate whereby the platform pools investors to join the crowdfunding of FLINT.

Allegedly, the earnings will be taken from profits of the real estate investment that is offered to any person at any time. Mr. Mercado also claims in another YouTube Video with link https://www.youtube.com/watch?v=YsxREMFySsU(at the 32:48 mark), that FLINT and SEEDIN were able to secure the proper licenses before the Commission.

The scheme of FLINT/FLINT PH/ FLINT PHILIPPINES constitutes offering and sale of securities in the form of investment contracts to the public as its investors need not exert any effort other than to invest or place monies in its operation in order to receive profits. The Securities Regulation Code (SRC) requires that the offer and sale of securities must be duly registered with the Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public.

Based on the Commission’s database, FLINT/FLINT PH/ FLINT PHILIPPINES 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).

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FLINT TECHNOLOGY CORP.is likewise not authorized to solicit investments from the public. SEC Advisory on FLINT

3. TOGACHAT ACADEMY PHILIPPINES, INC./EOSTRE BERHAD

The SEC has discovered that TOGACHAT ACADEMY PHILIPPINES, INC.still continues to operate under a new company named EOSTRE BERHAD despite the issuance by the Commission of an Advisory, Cease and Desist Order and Order of Revocation against it.

Based on the information gathered, the new company introduced new products namely, ostre Quantum Disc, Eostre Vitality Pendant, and Eostre Sanare Mattress, and incorporated them into their marketing scheme to lend a semblance of legitimacy to its operations.

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As mentioned, TOGACHAT ACADEMY PHILIPPINES, INC’s registration as a corporation has already been revoked. It is not authorized to solicit investments from the public as it did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 and 28 of the SRC. On the other hand, EOSTRE BERHAD is not registered with the Commission as a partnership or as a corporation and is also not authorized to solicit investments from the public.

Before launching its TogaChat Points investment opportunity, Toga Limited was operating a binary options investment scheme.

The public is advised NOT TO INVESTor STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of TOGACHAT ACADEMY PHILIPPINES, INC/EOSTRE BERHAD and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. SEC Advisory on TOGACHAT

4. REPOSCO / REPOSCO TRADING LTD / REPOSCO.IO

This ADVISORY is prompted by reports and information gathered by the Commission that individuals or groups of persons representing REPOSCO / REPOSCO TRADING LTD /REPOSCO.IO which is being operated by BENJAMIN MARI LIMJAPis enticing the public to invest in said entity.

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Based on information gathered by the Commission, REPOSCO / REPOSCO TRADING LTD / REPOSCO.IO claims that it uses blockchain technology to offer decentralized and democratized investment plans that promise weekly dividends by having it invested in sports arbitrage, forex, and oil options. All investments will allegedly be tagged as REPOSCO funds that will operate for three years, during which period investors will enjoy weekly dividends, and profits earned will be used to reinvest in the funds and to repurchase tokens thereby guaranteeing that the portfolio’s value grows consistently.

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Further, news reports also show that BENJAMIN MARI LIMJAP personally defrauded numerous investors in the Philippinesby collecting investments from them with a promise of a twenty percent (20%) return of investment in a ninety (90) day period maturity.

However, based on the Commission’s database, REPOSCO / REPOSCO TRADING LTD /REPOSCO.IO, 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).

The offering and selling of securities in the form of investment contracts using the “Ponzi Scheme” which is fraudulent and unsustainable, is NOT registrable security. The Commission will not issue a License to Sell Securities to the Public to persons or entities that are engaged in this business or scheme. SEC Advisory on REPOSCO

5. GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT)

The Commission has received information that a certain CIPRIANO S. BAYADOG III thru through an entity named GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT)is soliciting investments from the public.

Based on the reports, GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES(GFT)owned and operated by CIPRIANO S. BAYADOG IIIis enticing the public to invest their money for a supposed investment in Forex thru a so-called “Foreign Exchange Management Agreement” where CIPRIANO S. BAYADOG III, acting as a Fund Manager, will allegedly invest the money in Forex and promising investors a quarterly return of (20% 1stQuarter), (30% 2ndQuarter), 35% 3rdQuarter) and (50% 4thQuarter). Below is a screenshot copy of the Foreign Exchange Management Agreement by Global Finance Technology:

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The public is hereby informed that GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT) is not registered with the Commission and is not authorized to solicit investments from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC).

Further, CIPRIANO S. BAYADOG III has not been issued a Certificate of Registration as Associated Person, Compliance Officer, Salesman and/or Certified Investment Solicitor of a Broker-Dealer in SecuritiesInvestment, Investment House, Underwriter of Securities, Investment Company Adviser, and/or Mutual Fund Distributor under the Securities Regulation Code (SRC).

In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT). The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entity or its representatives. SEC Advisory on GLOBAL FINANCE TECH(GFT.)

6. FAST SWAP TRADING SOLUTIONS

The Commission has received information that individuals or groups of persons representing FAST SWAP TRADING SOLUTIONS are engaged in UNAUTHORIZED investment-taking activities.

Information gathered shows that FAST SWAP TRADING SOLUTIONS headed by Jhomarie Cruz Reyes entices the public to invest a minimum of One Hundred Pesos (Php100.00) and promises to receive a return of their investment (principal) plus 50% income in just 15 days.

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The public is hereby informed that FAST SWAP TRADING SOLUTIONSis NOT registered with the Commission either as a corporation or a partnership. Likewise, it is not authorized to solicit investments from the public as the abovementioned entity did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities Regulation Code (SRC).

In view thereof, the public is hereby advised to STOP INVESTING in the investment schemes being offered by any individual or group or persons allegedly for or on behalf of FAST SWAP TRADING SOLUTIONS.

7. IQ OPTION

Based on information gathered by the Commission, the entity operating under the name IQ OPTIONLCC or simply IQ OPTION from St. Vincent and the Grenadines in the Caribbean is soliciting investments in the Philippines WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY from the Commission.

As part of its scheme, IQ OPTION claims that it is legally represented in the Philippines and allows Filipino users to earn money following local laws, thus, offering enticing leverages ranging from 1:20 to 1:1000 which appears to be “too good to be true.” To wit:

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IQ OPTION even allows the use of trading robots particularly its IQ BOT in its platform to make trading therein supposedly automated and more effective.

Aside from the above red flags, IQ OPTION is apparently being promoted by members of LEARN AND EARN ONLINE as well which was the subject of our SEC ADVISORY dated 15 April 2021 for promoting dubious online trading platforms and openly soliciting investments herein the Philippines without the necessary registration and/or authorization from the Commission.

Based on our records, IQ OPTION is NOT REGISTERED with the Commission and is NOT AUTHORIZED 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)in the Philippines.

Hence, the public is advised NOT TO INVEST or STOP INVESTING in any scheme being offered by IQ OPTION and to exercise due diligence before placing their hard-earned monies in entities that promise ridiculous and/or fixed rates of return with little or no risk. SEC Advisory on IQ Options.

8. LET’S RAISE MONEY – JHEN’S CREDIT COLLECTION SERVICES

The Commission has received information that individuals or groups of persons representing an entity named LET’S RAISE MONEY –JHEN’S CREDIT COLLECTION SERVICES are enticing the public to invest in said entities.

Information gathered from the report shows that a certain JENNIFER D. PINGAD is inviting the public to join LET’S RAISE MONEY –JHEN’S CREDIT COLLECTION SERVICES by investing a minimum amount of Php2,000.00 for a promise of receiving 25% interest within 7 days. Based on the reports, LET’S RAISE MONEY –JHEN’S CREDIT COLLECTION SERVICES is showing and presenting its DTI Certification as a way of enticing the public to invest in the said entity.

Further, reports revealed that LET’S RAISE MONEY –JHEN’S CREDIT COLLECTION SERVICES is enticing the public to invest for a promise of receiving a high return of investments, subject to the company’s terms of disbursement. Below is a screenshot copy of the subject entity’s Letter of Agreement and Terms of Disbursement:

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The public is hereby informed that LET’S RAISE MONEY – JHEN’S CREDIT COLLECTION SERVICES is not registered with the Commission as a corporation or partnership and is not authorized to solicit investments from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC). SEC Advisory on JHEN’S CREDIT COLLECTION SERVICEs.

9. XUM TOKEN, XUMCOIN, UmcUSDTbot and MASA MART

The Securities and Exchange Commission has received information that individuals or groups of persons representing XUM TOKEN, XUMCOIN, UmcUSDTbot(now, XUM/USDT/BOT), XUM CHAIN, XUMEX (World Crypto Asset Exchanger), XUM EXCHANGERand XUM EXCHANGE LTD are enticing the public to invest in a digital currency called “United Masa Coin” which is now called XUM.

Based on information gathered by the Commission, XUMtoken and XUM coins are being offered by TBCMMP MASA MART INC., MASA MART BUSINESS CENTER OPC, MASA MART BUSINESS CENTER and MASA MART ENTERPRISE OPC referred to herein collectively as “MASA MART” or “MMBC.

MASA MART together with its product cryptocurrencies, “UNITED MASA COIN (UMC)” and “XUM” became the subject of two Advisories issued by the Commission. To date, the Advisories issued against MASA MART or MMBCare still IN FORCE and SUBSISTING.

XUM, which stands for Xcryptocurrency United Masa, is the rebranded UMC or “United Masa Coin”. According to its agents and members, XUM uses two (2) symbols, 1) XUM Token represented by the XUM Logo with black background and 2) XUMCoinrepresented by the XUM Logo with Blue background.

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To date, MASA MART’s XUM Token and XUMCoin are not convertible to cash unlike those cryptocurrencies traded through licensed digital asset exchanges or virtual asset service providers (VASP) regulated by the Bangko Sentral ng Pilipinas (BSP).

XUM TOKEN and XUMCOIN investors utilize social media websites in offering and selling their UMC and/or XUM due to lack of trading options, leading MASA MART to organize online merchant stores and incorporate other entities that accept UMC and/or XUM s as a mode of payment for any transactions.

Thus, the public is advised NOT TO INVEST or STOP INVESTING in any scheme offered by any entities operating under TBCMMP MASA MART INC. (“TBCMMP”), MASA MART BUSINESS CENTER OPC, MASA MART ENTERPRISE OPC(“MME OPC”), MASA MART BUSINESS CENTER, MASA MART FOREX GENERAL TRADING, MASA FOREX GENERAL TRADING LLC, MASA MART FOREX GENERAL TRADING LLC-UAE andXUM FOUNDATION and such other entities engaged in similar activities or initial coin offerings and digital asset trading which are not compliant with the BSP and the Commission.

The public must be wary that any promise of ridiculous rates of return with little or no risks is an indication of a Ponzi Scheme where monies from new investors are used in paying fake “profits” to earlier investors. Also, any promise that defies the normal financial logic is surely unreliable and sketchy. SEC Advisory on MASA MART XUM TOKEN/COIN.

10. JC PRO GLOBAL TRADING

Based on numerous reports and information gathered by the Commission, the entity operating under the name JC PRO GLOBAL TRADING, headed by JAMESKIE EARL CORNELIO also known as Jaypee Halili, is found to be engaged in investment-taking activities in the Philippines which is NOT AUTHORIZED by the Commission.

Based on the information gathered from the said reports, inquiries, and data from open sources, JC PRO GLOBAL TRADING’s “System” is apparently designed to “take care of everything” which include trading, buying, and selling of cryptocurrency which provides daily income and a guaranteed profit of at least 200% in 20 days or double-your-money in 20 days which provides a no-risk investment because profits are assured.

As posted online, JC PRO GLOBAL TRADING offers several ‘complans’ where you buy a trading account starting with the basic “complan” which requires an investment of P500.00 per account which will yield the account owner a P50.00 income per day and a guaranteed profit after 20 days of P1,000.00 which is a 100% profit from the initial investment of P500.00, the initial investment can range from a minimum of P500.00 and a maximum of P100,000.00. To wit:

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JC PRO GLOBAL TRADING provides six (6) options in buying an account or “trade funds” with a 200% profit from the capital. The investment is therefore enticing because of the guarantee to earn money. Below is the photograph posted on their Facebook page as well as postings by several agents who promote JC PRO GLOBAL TRADING. To show:

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Basically, the income garnered from the foregoing compensation plans or ‘complans’ of JC PRO GLOBAL TRADING is guaranteed because the ‘System’ will do the trading for the investor with an optional bonus income by referrals. The investment-taking scheme that is being propagated by JC PRO GLOBAL TRADING is a ‘Ponzi Scheme’ where the entity takes money from the public to allegedly invest it to generate high returns but in reality, merely pays the initial investors with the money paid by subsequent ones. This investment-taking scheme cannot be sustained and inevitably will result in the collapse of the business.

JC PRO GLOBAL TRADINGis NOT REGISTERED with the Commission 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).

Hence, the public is advised NOT TO INVEST or STOP INVESTING in any scheme offered by JC PRO GLOBAL TRADING. SEC Advisory on JC PRO GLOBAL TRADING.

11. MDM VENTURES CORPORATION

Based on the information gathered by the Commission, the investment-activities of Massdrop Marketing and Franchising OPC headed by EDGAR JOSEPH TAN, a.k.a. EJJ TAN is being continued under the name of MDM VENTURES CORPORATION with RENATO A. SISMUNDO, JR.,EDUARDO B. MALLARI, JR., and ROEL B. DUYA as its supposed incorporators/directors/stockholders.

Based on the information received by this Commission, MDM VENTURES CORPORATION entices the public to invest online or through the internet to become a member thereof with a minimum investment similar to Massdrop of Php1,000.00 with a 20% return every month for 3 months and on the 3rdmonth the member receives his P1,000 investment plus the 20% profit or a total of 160% in 3 months.

Based on records,MDM VENTURES CORPORATION and MASSDROP MARKETING AND FRANCHISING OPC both have the same principal office at Unit 206 BFCT KM. 1-Marcos Highway-Calumpang, City of Marikina, Second District, NCR.

However,per post of Massdrop’s president, EJJ Tan in his Facebook account, MDM VENTURES CORPORATION has moved to its new office at 104 Shaw Blvd., Pasig City.

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Accordingly, a member of MDM VENTURES CORPORATION need only to invest, wait, and earn without having to do anything.

While MDM VENTURES CORPORATION was registered with this Commission as a corporation, however, it is to be noted that the issued Certificate of Registration explicitly highlighted that: “This Certificate DOES NOT AUTHORIZE INVESTMENT SOLICITATION AND INVESTMENT-TAKING WITHOUT A SECONDARY LICENSE FROM THIS COMMISSION.” Consequently, MDM VENTURES CORPORATION has not secured a secondary license from this Commission to offer and/or sell securities to the public.

The public is advised NOT TO INVESTor STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of MDM VENTURES CORPORATION and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. SEC Advisory on MDM.

12. PETROMOBIL CORPORATION

Based on the reports from the public, PETROMOBIL CORPORATION is enticing the public to invest in the said entity by offering would-be investors a Co-Ownership Program for a minimum capital of Php 400,000.00 for a promise of receiving a conservative profit amounting to Php 100,000.00 within a period of 3 months and a chance to co-own 17 gas stations which the company are planning to build.

It was further reported that the 17 Gas Stations will be managed by PETROMOBIL CORPORATION and investors were given a promise to received 60% of the net income which will be given on a quarterly basis. Likewise, PETROMOBIL CORPORATION promised to give would-be investors shares of stocks which will be issued to each co-owner through a Deed of Assignment.

Furthermore, PETROMOBIL CORPORATION also offers would-be investors an Oil Importation Co-Ownership Program for a minimum capital of Php 500,000.00.

In its Facebook Page post, PETROMOBIL CORPORATION is inviting the public to invest and be a co-owner of its gas stations with 1 seat capital contribution for as low Php 500,000.00. and be a co-franchisee of 5 stations including commercial establishment for a capital of Php 500,000.00. Below are the screenshot copies of the said FB posts:

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In the same FB Page, PETROMOBIL CORPORATION is enticing to public to be a vessel co-owner for only Php 400.000.00. Below is a screenshot copy of the said FB post:

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The public is hereby informed that PETROMOBIL CORPORATION is not authorized to solicit investments from the public as this entity did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 of the Securities Regulation Code (SRC).

In view thereof, the public is hereby advised to STOP INVESTING in the investment scheme being offered by PETROMOBIL CORPORATION or its representatives. Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. SEC Advisory on PETROMOBIL

13. ASIAWORKS DIGITAL MARKETING SERVICES (“ASIAWORKS”)

The Securities and Exchange Commission has received information that individuals or group of individuals representing ASIAWORKS DIGITAL MARKETING SERVICES(“ASIAWORKS”)under Ivan Henry Prieto Enrijo are enticing the public to invest their money in the said entity with the promise of monetary rewards or profits.

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Per investigation, the company (website: https://www.asiaworksco.com)is enticing the public to invest with a guaranteed 10% daily revenue in 30 days per subscription or triple your money after 30 days.

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The above-described scheme offered by Ivan Henry Prieto Enrijo is clearly in the nature of solicitation of investments from the public in the form of an investment contract. Simply, the scheme is “subscribe, wait, and earn.”

ASIAWORKS DIGITAL MARKETING SERVICES (ASIAWORKS) is not registered with the Commission either as a corporation or as a partnership. However, ASIAWORKS has been issued a Certificate of Business Name Registration on 29 April 2021 by the Department of Trade and Industry (DTI) with Business Name No. 2875993 under the name of its founder/President, IVAN HENRY PRIETO ENRIJO.

Nonetheless, ASIAWORKS DIGITAL MARKETING SERVICES (ASIAWORKS) is not authorized to solicit investments from the public as it did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities Regulation Code.

Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminal liability, or otherwise, be sanctioned or penalized accordingly as held by the Supreme Court.

In view thereof, the public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by ASIAWORKS DIGITAL MARKETING SERVICES and exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of ASIAWORKS DIGITAL MARKETING SERVICES.

14. CHING EMPIRETANS/CHING EMPIRE, E-AMBAG and GEEVER

The Commission was made aware of the illegal investment-taking activities of CHING EMPIRETANS/CHING EMPIRE, E-AMBAGand GEEVER all of which are being run and operated by one Analie Tuyor a.k.a. Ericah Cassandrah Lee Ching.

Based on the information gathered from the said reports, inquiries, and data from open sources, CHING EMPIRETANS/CHING EMPIRE, E-AMBAG and GEEVER are apparently propagating several investment-taking schemes which promise lucrative returns.

According to numerous reports, Ms. Analie Tuyor otherwise known as Ericah Cassandrah Lee Ching has used these platforms in enticing people into investing their hard-earned money in the hopes to garner big profits.

According to a Facebook post, Ching Empiretans offers a scheme where for P850.00 as entry fee, a prospective investor receives two (2) bars of soap allegedly worth P1,000.00 which he/she can resell, including audio books and access to an e-commerce website. The prospective investor also receives a lifetime 50% reseller discount on products.

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E-Ambag, on the other hand, offers a straightforward 180% profit after 45 days. The prospective investor may choose to invest capital from P500.00 up to P100,000.00 which will allegedly earn a 4% daily profit or a 180% profit after 45 days.

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It is notable that E-Ambag’s slogan is “Mag-ambag, Magrelax, Mag-encash” which directly translates to ‘Contribute, relax, encash’ otherwise known as IWE or Invest, Wait & Earn. E-ambag uses this slogan to entice prospective investors in earning big profits effortlessly.

However, CHING EMPIRETANS/CHING EMPIRE, E-AMBAG and GEEVER are NOT REGISTERED with the Commission 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).

Hence, the public is advised NOT TO INVEST or STOP INVESTING in any investment-taking scheme offered by CHING EMPIRETANS/CHING EMPIRE, E-AMBAG and GEEVER or such other entities engaged in investment-taking schemes without the necessary licenses and/or authority. SEC Advisory on CHING EMPIRETANS

15. ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING

The Securities and Exchange Commission has received information that individuals or group of individuals representing ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING/ELITE ALLIANCE VERA TRADE LTD/ELITE ALLIANCE VERA TRADE INTERNATIONAL/ EAV TRADE owned and operated by EINS ANGELO RUIZ VALENCIA are enticing the public to invest their money in the said entity with the promise of monetary rewards or profits.

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Per investigation conducted, ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING/ELITE ALLIANCE VERA TRADE LTD/ELITE ALLIANCE VERA TRADE INTERNATIONAL/ EAV TRADE is enticing the public to invest a minimum of P500.00 with a guaranteed 100% return of investment every 15 days or for a total of 600% in just 90 days or three months with 50% Direct Referral Bonus and 1% Unilevel bonus.

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The records of the Commission show that while ELITE ALLIANCE VERA TRADE SYSTEM OPC has been registered as a one-person corporation under Company Registration No. 2021070020495-22 on 22 July 2021, it is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC.

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Further, the scheme employed by ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING/ELITE ALLIANCE VERA
TRADE LTD/ELITE ALLIANCE VERA TRADE INTERNATIONAL /EAV TRADE
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.

In view thereof, the public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by EINS ANGELO RUIZ VALENCIA through ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING/ELITE ALLIANCE VERA TRADELTD/ELITE ALLIANCE VERA TRADE INTERNATIONAL/EAV TRADE and exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of EINS ANGELO RUIZ VALENCIAthroughELITE ALLIANCE VERA TRADESYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING/ELITE ALLIANCE VERA TRADE LTD/ELITE ALLIANCE VERA TRADE INTERNATIONAL/EAV TRADE. SEC Advisory on ELITE VERA TRADE.

16. EM-POWER8 BEAUTY AND WELLNESS TRADING

Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent EM-POWER8 BEAUTY AND WELLNESS TRADING, headed by BETTY F. QUILLING, are enticing the public to invest their money in said entity.

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As posted online, EM-POWER8 BEAUTY AND WELLNESS TRADING is offering investments to the public with a minimum amount worth Php100and promises earnings of 80% of their investment in 15days.

19 New Scam Alerts! June 2021-July 2021 38
19 New Scam Alerts! June 2021-July 2021 39

The records of the Commission show that EM-POWER8 BEAUTY AND WELLNESS TRADING is not registered with the Commission either as a corporation or as a partnership. Further, it is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC.

The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of EM-POWER8 BEAUTY AND WELLNESS TRADING and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. SEC Advisor on EM-POWER8.

17. 3X1 MARKETING SERVICES / LEOVIC 3X1 WELLNESS AND BEAUTY CENTER

The Commission was made aware of the illegal investment-taking activities of 3X1 MARKETING SERVICES/LEOVIC 3X1 WELLNESS AND BEAUTY CENTER owned and operated by LEOVIC NACHOR MONTEMAYOR.

19 New Scam Alerts! June 2021-July 2021 40
19 New Scam Alerts! June 2021-July 2021 41

Based on the information gathered by the Commission,3X1 MARKETING SERVICES/LEOVIC 3X1 WELLNESS AND BEAUTY CENTER is propagating several investment-taking schemes which promise lucrative returns.

3X1 MARKETING SERVICES / LEOVIC 3X1 WELLNESS AND BEAUTYCENTERisenticing the public to invest their monies in exchange for huge profits by posting an attractive“complan” with a guarantee of 210%return in 35 days, as illustrated below:

19 New Scam Alerts! June 2021-July 2021 42
19 New Scam Alerts! June 2021-July 2021 43

Per records of the Commission, 3X1 MARKETING SERVICES/LEOVIC 3X1 WELLNESS AND BEAUTY CENTER is not registered as a corporation or partnership. However, LEOVIC 3X1 WELLNESS AND BEAUTY CENTER has been conferred a Certificate of Business Name Registration by the Department of Trade and Industry under BNN 2911692 issued to Leovic Nachor Montemayor on May 15, 2021. Nonetheless, both 3X1 MARKETING SERVICES and LEOVIC 3X1 WELLNESS AND BEAUTY CENTER are not authorized to solicit investments from the public as they did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the SRC.

The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by 3X1 MARKETING SERVICES/LEOVIC 3X1 WELLNESS AND BEAUTY CENTER and exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of 3X1 MARKETING SERVICES/LEOVIC 3X1 WELLNESS AND BEAUTY CENTER. SEC Advisory on 3X1 Marketing.

18. EM-POWER8 BEAUTY AND WELLNESS TRADING

Based on the information gathered by the Commission, a number of individuals or groups of persons claiming to represent EM-POWER8 BEAUTY AND WELLNESS TRADING, headed by BETTY F. QUILLING, are enticing the public to invest their money in said entity.

19 New Scam Alerts! June 2021-July 2021 44

As posted online, EM-POWER8 BEAUTY AND WELLNESS TRADING is offering investments to the public with a minimum amount worth Php100 and promises earnings of 80% of their investment in 15days.

19 New Scam Alerts! June 2021-July 2021 45
19 New Scam Alerts! June 2021-July 2021 46

The records of the Commission show that EM-POWER8 BEAUTY AND WELLNESS TRADING is not registered with the Commission either as a corporation or as a partnership. Further, it is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC.

The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of EM-POWER8 BEAUTY AND WELLNESS TRADING and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. SEC Advisory on EM-POWER8

19. LENDVEST INTERNTIONAL

Based on the information gathered by the Commission, LENDVEST entices the public to invest by offering investment packages from Php1000.00 up to Php1,000,000.00 with a return of up to Php23,298,090.00 for one (1) year; details of the offering are as follows:

19 New Scam Alerts! June 2021-July 2021 47

The public is hereby informed that LENDVEST is not registered with the Commission as a corporation or partnership and is NOT authorized to offer, solicit, sell or distribute any investment/securities to the public. Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with the SEC before they can be offered or sold to the public under Sections 8 and 12 of the Securities Regulation Code (SRC).

In view thereof, the public is hereby advised to NOT TO INVEST or STOP INVESTING in the investment schemes being offered by LENDVEST or its representatives. SEC Advisory on LENDVEST.


Violators are further warned that aside from the strict penalties imposed by the Commission for violations of the SRC, the Revised Corporation Code of the Philippines, and such other rules and regulations it enforces, the Bayanihan to Heal as One Act (Republic Act No. 11469) also punishes those participating in cyber incidents that make use or take advantage of the current crisis situation to prey on the public through scams, phishing, fraudulent emails, or other similar acts.

Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. Selling or convincing people to invest in their investment scheme offered including solicitations and recruitment through the internet may likewise be criminally prosecuted and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or a penalty of Twenty-one (21) years of imprisonment or both pursuant to Sections 28 and 73 of the SRC

In view thereof, the public is hereby advised to exercise caution in dealing with the above-mentioned and any individual or group of persons soliciting investments for and on behalf of the said illegal entities. The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by them or their representatives through the entity.

Should you have any information regarding the operation of the subject entity, please submit your report to the Enforcement and Investor Protection Department at [email protected]

Visit the website of SEC for latest updates.

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