SEC issues advisories against new investment schemes

DAVAO CITY- The public is again reminded to exercise caution when dealing with individuals or groups soliciting investments for and on these so-called investment firms:

1.     WORLD OF SURVEY (“WOS”)

2.     HÖGPONG NG PAGTUTULUNGAN (HNP)

3.     CRISTIANO ALBERTO REAL ESTATE FUND (“CAREFUND”)

4.     MINING CITY

5.     HOTON RETAIL AND SERVICES INCORPORATED (“HOTON”)

The SEC Davao Extension Office has verified the existence of WORLD OF SURVEY, MINING CITY and HOTON RETAIL AND SERVICES INCORPORATED within its Area of Responsibility (Davao Region, Soccsksargen, Maguindanao and Sultan Kudarat provinces).

WORLD OF SURVEY (“WOS”) is offering investments to the public by investing a member amounting to Php1,000.00 per account. A member may avail of up to fifty (50) accounts. A member shall earn:

1.     Php1,500.00 by survey job where a member must answer five (5) surveys per day in just five (5) days (Php60.00 per survey);

2.     Sponsorship Reward amounting to Php100.00 by directly recruiting a member;

3.     Matching Sales Bonus amounting to Php500.00 for every pairing in his/her structure, but shall not exceed Php1,000.00 per day; and

4.     Leveling Bonus or Leadership Rewards amounting to Php10.00 per level from a member’s 2nd to 12th level.

Högpong   ng   Pagtutulungan (HNP) was initially enticing the public, specifically seafarers, to take out personal and business loans which they offer as a form of “assistance” to the financial needs of said seafarers. It offers the following   loanable amount: Php20,000.00, Php50,000.00 and Php80,000.00 with an interest rate of 3%-5% monthly.

A member may also invite or refer prospective clients to avail of the loan services and earn commission for every successful invite. However, an invited client must first pay a membership fee of  Php1,000.00 to be able to take out a loan.  The said membership fee is divided between   the   company   and   the one who referred the client as his/here commission.

Once the loan is fully paid, the one who referred the client will again receive a commission from the loan payments and the recruit may now become an investor by investing a minimum amount of $400.00 with a guaranteed 5% monthly income or 60% profit share annually without doing anything.

CRISTIANO ALBERTO REAL ESTATE FUND (“CAREFUND”) is an international venture capital group under the leadership of Christian Albert Gaza, who is also a real estate financier in Southeast Asia, it promises as high as 45% income plus return of capital for common profit after the lapse of two years.

MINING CITY offers choices from any of the three BITCOIN VAULT PLANS which are which   are; PRIMARY   BTCV($300 or Php16,500.00), STANDARD BTCV ($600 or Php33,000.00), BRONZE BTCV ($1,200 or  Php66,000.00),  SILVER  BTCV ($2,400  or  Php132,000.00),  GOLD  BTCV ($4,200 or  Php231,000.00 and PLATINUM  BTCV ($12,600  or  Php693,000.00).

Mining City Investors can earn $1.5 to $2 (Php100.00) or up to $69 to $92 (Php5,000.00) daily for 1100 days depending on what plan they get. You can also earn from direct referral and indirect referral from 5% up to 10% and for direct binary and indirect binary $200 or $10.

Mining City is not among the registered banks, exchanges or companies engaged in digital assets with the Bangko Sentral ng Pilipinas  (BSP)  in accordance   with   the GUIDELINES   FOR   VIRTUAL   CURRENCY   EXCHANGES (BSP CIRCULAR NO. 944) which requires all entities engaged in Virtual Currencies in the Philippines to obtain a Certificate of Registration to operate as remittance and transfer company pursuant to the BSP rules and regulations.

HOTON RETAIL AND SERVICES INCORPORATED (HOTON) entices the public to become their business partner through the Hoton Franchise Partnership Program.

The minimum amount of investment is Php100,000 which is equivalent to 1 unit and the maximum amount of investment is Php14,000,000 equivalent to 140 units.  HOTON will manage and operate the store for the investors.

The investors will then get a guaranteed monthly income and guaranteed return of capital.  Investors are promised a guaranteed return of 1% per month or 12% per annum for 60 months, 40% per annum profit sharing (this will be divided into 140 units) and 100% capital guaranteed return to investors after the lapse of 5 years.

For the complete list of advisories, the public may visit https://ift.tt/3g9Tcef (PIA/RG Alama with reports from SEC Davao)



Source: Philippines Information Agency (pia.gov.ph)

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