SEC Facebook

The Commission has received information that individuals or group of persons
representing
MONSPACE PHILIPPINES
are enticing the public to invest in said entity.
Based on reports received from the public
,
MONSPACE PHILIPPINES
claims that it has a
system wherein investors can invest and become stockholders of its subsidiaries by simply
investing an initial capital a
mounting to Seven Thousand Six hundred pesos (P7,600.00)
with a possible daily income of Five Thousand Pesos (P5,000.00) and/or monthly income
of One Hundred Fifty Thousand pesos (P150.000.00).
In
its F
acebook Account
MONSPACE PHILIPPINES
introduced its newest scheme
called the MSCOINS, wherein
part of their marketing plan as shown in said FB Account is to
persuade the public to join them by investing an initial capital of Seven Thousand Six
hundred pesos (P7,600.00), Eight Hundred Pesos (
P800.00) representing Registration Fee
and Six Thousand Eight Hundred pesos (P6,800.00) for 500 Product Points, respectively.
Accordingly, after 30 days, the 500 Product Points will be converted into MSCOINS based
on the following computations, to wit:
500product points = 100$
100$/.10$per mscoin = 1,000mscoins
After a week
.50x 1000 mscoins = 500$(25,000php)
After a month
1$x 1,000 mscoins = 1,000$(50,000php)
After 3months
10$ x 1,000 mscoins = 10,000$(500,000php)
Month after month or after a year
100$
x 1,000 mscoins = 100,000$ or
5,000,000php
The public is hereby informed that
MONSPACE PHILIPPINES
is not registered with
the Commission as a corporation or partnership and is not authorized to solicit
investments from the public, not having secured prio
r registration and/or license to solicit
investment as prescribed under Section 8 of the Securities Regulation Code (SRC).
Those who act as salesmen, brokers, dealers or agents of
MONSPACE PHILIPPINES
in selling or convincing people to invest in the invest
ment scheme being offered by
MONSPACE PHILIPPINES
including solicitations or recruitment through the internet may
likewise be prosecuted and held criminally liable under Section 28 of the Securities
Regulation Code and penalized with a maximum
fine of Five
Million pesos (P5,000,000.00)
or imprisonment of Twenty One (21) years or both
pursuant to Section 73 of the SRC.
Accordingly, those who invite or recruit other people to join or invest in this venture
or offer investment contracts or securities to the p
ublic 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
exercise p
rud
ence before investing
in these
kind
s
of activities a
nd to take the necessa
ry precaution
in dealing with Monspace
Philippines o
r its representatives.
Should you have any information regarding the operation of the subject entity,
please call the Enforcement
and Investor Protection Department at telephone numbers
818
–
6047.
For the guidance of the public