SEC Facebook

The Commissionhas received information that Extreme Hataw Enterprises,an entity engaged in Online Paluwagan schemeand which has been the subject of a SEC Advisory dated 13 June 2018is still operating under a new name called “Money tree 250”with a substantially similar compensation planwith that of Extreme Hataw Enterprises.Based on reports, individuals or groups of persons representing Money tree 250areenticing the public to join them bybuying what they so-called “seed” worth 250 with a promise of receiving incentives subject to the following compensation plan, to wit:Own seed -3000 pesos;One invite (buyer of seed) -6,500 pesos;Two invites (buyer of seed) -10,000 pesos Inits Facebook Account, Money tree 250introduced its scheme named “Farmville” wherein they enticed the public to join them by buying and planting what they so-called “seed” worth 250 pesos with a promise of receiving incentives after nurturing the same by means of inviting potential investors, until the said seedling reached maturity and subject to the following compensation design, to wit:Own seed -3,000 pesos;One invite (buyer/planter of seed) -6,500 pesos;Two invites (buyer/planter of seed) -10,000 pesos;Invites in excess of two wait to be matched -3,500 pesosThe public is hereby informed that Money tree 250is not registered with the Commission as a corporation or partnership and is not authorized to solicit investments from the public asit has notsecured prior registration and/or license to solicit investments from the Commissionas prescribed under Section 8 of the Securities Regulation Code (SRC).Those who act as salesmen, brokers, dealers or agents of Money tree 250in selling or convincing people to invest in the investment scheme being offered by Money tree 250including 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 oroffer 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).Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.In view thereof, the public is hereby advised to exercise prudence before investing in these kinds of activities and to take the necessary precaution in dealing with Money tree 250or 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 and 818-6337.For the guidance of the public