Date Posted: 21 September 2018
The Commission has received information that individuals or group of persons representing DREAMCONNECT INTERNATIONALCORPORATION (“DREAMCONNECT”) are enticing the public to invest in the said entity onlineor through the internet. Basedon the informationgatheredbythe Commission, DREAMCONNECTenticesthe public to invest by offering membership package or accountworth Php1,500.00which includes the following:Lifetime MembershipPerfume worth Php1,199.00Fifty Percent (50%) discount on their productMarketing ToolsWebpageOnline dream board with 5 ways to earn.Direct Referral Bonus–a member will earn Php100.00 for every direct referralPiso Click –a member will earn Php1.00 per ad clicked on the platform/dashboard, maximum of 500 clicks per day and maximum of Php2000.00 per account.Sales Match Bonus –a member will earn Php300.00 for every pair (left and right) of blue account (account with 2 direct referral), maximum of 15 pairs per day or Php4,500.00 per dayBinary income projection for worst case scenario (only 2 recruit), a member will earn Php6,553,500.00 in four months.Pass Up Bonus –a member will earn 200 for every pair starting from the 3rddirect referraland up to infinity with a possible income of Php26,213,200.00 in four months.Product Selling –a member is entitled to a 50% discount on their product.The public is hereby informed thatwhileDREAMCONNECT INTERNATIONAL CORPORATION isregistered with the Commission as a corporation, however, such primary registration merely confers upon the entity a juridical personality under the Corporation Code of the Philippines and doesNOTauthorizeto offer, solicit, sell or distribute anyinvestment/securities. Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with SEC before they can be offered or sold to the publicunder Sections 8 and 12 of the Securities Regulation Code (SRC). Consequently, those who act as salesmen,brokers, dealers or agents of DREAMCONNECT INTERNATIONAL CORPORATIONin selling or convincing people to invest in the investment scheme 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 penalty of Twenty One (21) years imprisonment 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 contracts or securities to the public may be held 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). Furthermore, the names of all those involved will bereported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondinglyassessed.In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take thenecessary precaution in dealing with DREAMCONNECT INTERNATIONAL CORPORATIONor its representatives. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Departmentat telephone numbers 818-6047.For guidance of the public