Protect Your Finances: SEC Warns Against Fraudulent Investment Schemes
The Securities and Exchange Commission informs the public that the following entities listed below ARE NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. Hence, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investmentschemes being offered by these entities.
1. DOUBLE R AGGREGATES / DOUBLE R TRUCKING AND AGGREGATES OPC
This entity claims to be involved in the quarrying business and entices the public through its social media platforms to invest in its investment plans, with a 100% money-back guarantee. Accordingly, prospective investors may invest in three ways: 1) an amount ranging from Php20,000 to Php50,000 for a 7.5% monthly profit; or 2) Php80,000 to Php150,000 for a 10.5% monthly profit; and/or 3) Php250,000 and above for a 15% monthly profit. This entity is registered with the Commission but has not secured the license to solicit investments.
2. INNOV8WEALTH GLOBAL
This entity claims to be engaged in trading cryptocurrency, color games, betting, and AI-prediction bots. It entices the public to invest in their investment plans for an amount ranging from Php100.00 to Php500,000.00. Accordingly, prospective investors are promised to earn 10.88% to 28.56% interest weekly depending on their initial investment.
3. AYALA CORPORATION GROUP, INC. / AYALA CORPORATION BUDGETARIAN ONLINE SHOP / GLOBAL ONLINE AYALA CORPORATION / BELLAVITA AYALA CORPORATION / AYALA CORPORATION E COMMERCE
This entity offers part-time jobs online, which involves placing orders online for a promise of receiving commissions, which can only be withdrawn upon payment of a so-called “Tax Charge.” The individuals composing this entity also present copies of fake DTI and SEC Registrations online to entice the public to invest therein.
Some of these groups’ investment schemes or actions resemble a pyramid/Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products/services, and investors are paid using the contribution of new members, according to the SEC.
The Commission remains unwavering in its efforts to stamp out illegalinvestment-taking activities through financial literacy campaigns and advisories to the public. You may visit the SEC website at www.sec.gov.ph to learn more about the Commission’s enforcement actions and investor education campaign.
Report illegal activities like these to the SEC -Enforcement and Investor Protection Department (EIPD). Just call the number: 𝟖𝟖𝟏𝟖-𝟔𝟎𝟒𝟕, or send an email to epd@sec.gov.ph, or visit the EIPD at 9/F, The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Brgy. Bel-Air, Makati City, or the nearest SEC Extension Office in your area.
Get a copy of the advisories here.