SEC Advisory on JACAMA SALES AND MARKETING Posted 14 Jan 2016

LogoNew

SEC ADVISORY 

ON

JACAMA SALES AND MARKETING

The public is hereby warned concerning the investment taking activities of JACAMA SALES AND MARKETING operating in Davao City.

Based on the Marketing Scheme of JACAMA, as posted on their Facebook Account, any person who wants to be a member may choose among the “package schedule” and pay an amount ranging from One Thousand Eight Hundred Pesos (Php 1,800.00) up to One Million Eight Hundred Thousand Pesos (Php 1,800,000.00).  Upon payment of the chosen package, the member will receive a package product of six (6) company vouchers or post-dated checks with different maturity dates.  The amount of voucher/check is equivalent to 25% of one’s investment and will mature at an interval of 15 days.  All vouchers/checks will be encashed in three months.

The sale of the product is merely a ruse to make it appear that the said entity is engaged in the marketing and distribution of products.  The obvious fact however is that people are enticed to invest their money by the promise of huge profits.  In effect, JACAMA SALES AND MARKETING is engaged in the public offering and sale of securities in the form of investment contracts.

JACAMA SALES AND MARKETING is not authorized to solicit investments from the public as it has not secured  the necessary license or permit from the Commission as required under Section 8 of the Securities Regulation Code (SRC).

Those who invite or recruit people to join or invest in the venture or offer investment contracts or securities to the public may be held criminally liable or accordingly sanctioned or penalized, in accordance with the Supreme Court decision in the case of SEC vs. Oudine Santos [G.R. No. 195542, March 19, 2014].

In view thereof, the public is hereby advised to STOP INVESTING and recruiting other people to invest money into such scheme and to take necessary precautions in dealing with the above-name entity and/or its representatives.

Should you have any information regarding the operations of JACAMA SALES AND MARKETING, please call the Enforcement and Investor Protection Department at telephone numbers: (02) 584-6047 and (02)584-7652.