SEC spots more get-rich-quick schemes in nonstop investor protection effort

has also produced a number of face shields,” said Romel Natad, school administrator of the NMSF.

They were able to distribute more than 2,500 washable face masks; 160 PPE suits; more than 4,500 liters of hand sanitizer; 50 pieces of face shields; and more than 930 packs of cookies.

According to TESDA-Caraga regional director Ashary Banto, with the help of the partner stakeholders and volunteers, they will continue to support the frontliners until the COVID-19 pandemic will be over. The Caraga frontliners were grateful to the technical-vocational institutions and TESDA for the donated PPE. (VLG/PIA-Caraga) SEC spots more get-richquick schemes in nonstop investor protection effort

BUTUAN CITY - The Securities and Exchange Commission (SEC) has identified more unauthorized investment schemes, as it continues enforcement efforts amid the COVID-19 pandemic.

The Commission on April 28 advised the public against investing in CROWD1 Asia Pacific, Inc., Sharebiz Ads/ Sharebiz Advertising/ Sharebiz Online Advertising Services and Winners Ecommerce International Network Corp. (WINCORP). It also identified a certain Aiza Mercado as promoter of

My Profit Robot (MPR), the subject of a previous advisory.

CROWD1, Sharebiz and WINCORP neither have registered securities such as investment contracts nor have secured a secondary license to solicit and take investments from the public,

The SEC likewise found no record of Sharebiz and WINCORP being registered as corporations or partnerships. While incorporated, CROWD1 must have secured a secondary license before it could engage in investment-solicitation activities.

In this light, the Commission advised the public to exercise caution in dealing with any individual or group soliciting investments for and on behalf of CROWD1, Sharebiz and WINCORP.

Under its scheme, CROWD1 offers membership packages worth P6,000 to P240,000. An investor is entitled to bonuses by simply joining, sponsoring newer members and recruiting more people.

CROWD1 promises residual incomes or bonuses supposedly from its digital gaming business. Upon joining, a member acquires a so-called owner right, which would entitle him/her to a share in the company’s total revenues from affiliate income.

The SEC, however, noted that CROWD 1 earns mainly from the recruitment of members, as in a pyramiding scheme, with most of the games touted by the group unavailable in the Philippines.

Sharebiz, meanwhile, offers three entry packages worth P330 to P1,100. An investor may earn by recruiting members, encoding captcha, selling products and converting a portion of his/her earnings into the so-called BIZCOIN.

The group founded by a certain Lawrence Menor Ibarra in Iriga City, Camarines Sur also offers a BIZCOINfocused compensation plan. One may invest P500 to 50,000 and earn a 42% interest every 20 days within a twomonth period by simply logging in his/ her account.

Simply, an investor receives passive income from the pool of investment gathered and acquires active income from recruitment under Sharebiz’s modus operandi resembling a Ponzi scheme.

WINCORP likewise offers entry packages worth P4,888 to P39,998 with 200 to 1,600 equivalent points. An investor may earn P1,000 daily, P20,000 weekly or P30,000 monthly by selling products and recruiting members.

For instance, an investor is entitled to an indefinite commission to be credited to his/her 10-in-1 wallet every time his/her downline purchases products. He/she also receives as much as P1,200 to P9,600 for every match in his/her network.

The group headed by a certain Edwin Bermundo Moratillo, also known as Win Bermundo Olinquino, further entices the public to join through a program called Commission Deductions, where a prospective member may avail of the entry package without having to immediately pay for it.