SEC Facebook

Based on the information gathered by the Commission, a number of individuals or
group of persons claiming to represent
EWORK ONLINE
(“
EWORK
”)
headed by
M
r
.
Bernard Gortina
,
are enticing the public to invest
their money in said entity.
As posted online,
ework
is offering
investments to the public
by paying
Php1,000.00 per account. A member may avail up to 31 accounts.
Remarkably, a member is entitled to an
earning of not less than 156% in just
16
days.
Below are the ways to earn:
1.
By watching videos, a member shall earn a total maximum of Php2,560.00 (per
account) by watching a video, each video amounting to Php20.00 for a total of 8
videos per day, good for 16 days;
2.
By direct referral, where
a member shall earn an unlimited direct referral bonus of
Php100.00 for every referral;
3.
By matching/pairing where a member shall earn Php500.00 for every pairing in his/her
structure. A maximum of 2 pairs per day shall be paid by the entity; and
4.
By rec
ruitment where a member shall earn unilevel bonus of Php20.00 from the recruit
of his direct recruit up to the 10
th
level.
The aforementioned
scheme
s involve
the sale of securities to the public, the
Securities Regulation Code (SRC) requires that these se
curities are duly registered and
that the concerned corporation and/or its agents have appropriate registration and/or
license to sell such securities to the public pursuant to Section 8 of the SRC.
Per
verification
,
EWORK ONLINE
is
inviting
people to invest, essentially, under the
same schemes used by
I Earn 01 Trading Inc.
(iEarn)
1
.
EWORK ONLINE
is
not registered either
as a corporation or partnership with the Commission.
Further, it is
NOT AU
THORIZED
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 Securities Regulation
Code.
1
Subject of an Advisory posted at the SEC website on 21 May 2020. (
http://www.sec.gov.ph/wp
–
content/uploads/2020/05/2020Advisoy_I
–
EARN
–
01
–
TRADING
–
INC.pdf
)
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as
such for
EWORK ONLINE
in selling or convincing
people to invest in the investment scheme being offered by said entity including
solicitations and re
cruitment through the internet may be prosecuted and held criminally
liable under Section 28 of the SRC and penalized with a maximum fine of Five Million
pesos (P5,000,000.00) or penalty of Twenty
–
one (21) years of imprisonment or both
pursuant to Section
73 of the SRC.
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 criminally liability, or otherwise
be sanctioned or penalized accordingly as held by the Supreme Court in the cas
e of
Securities and Exchange Commission vs. Oudine Santos
(G.R. No. 195542, 19 March
2014).
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
EWORK ONLINE
and to exercise caution in dealing
with any individuals or group of persons soliciting investments for and on behalf of it.
Violators are further warned that aside from the strict penalties imposed by the
Commissio
n for violations of the Securities Regulation Code, the Revised Corporation
Code, and such other rules and regulation 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,
phising, fraudulent emails, or other similar acts.
Should you have any information regarding the operation of the subject entity,
please call the Enforcement and Inve
stor Protection Department at telephone numbers
(02)
8
818
–
6047
or send your report to the EIPD at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
2
3
June
20
20