Date Posted: 4 October 2018
The Commission has received information that individuals or groups of persons representingNUTRIWEALTH MULTI-PURPOSE COOPERATIVE(“NUTRIWEALTH”)is offering investments to the public throughNUTRIWEALTH PRODUCER’S COOPERATIVE,NUTRIPHYSICS WELLNESS ASSOCIATION INC.,NUTRIWEALTH WELLNESS ASSOCIATION INC., NUTRIWEALTH MANUFACTURING PLANT INC., NUTRIWEALTH SCHOOL OF WEALTH & WELLNESS FOUNDATION INC., MINVILUZ FARMERS AND FISHERMEN INTEGRATEDLIVELIHOOD ASSOCIATION, INC.andVALUE CHAIN METHODOLOGY (“VCM”).Per records of the Commission, the aforesaidCooperatives, Corporations and Associations are not authorized to solicit investment from the publicas they havenot secured the necessary license or permit fromthe Securities and Exchange Commission (“SEC”)as required under Section 8 of the Securities Regulation Code (“SRC”).Accordingly, NUTRIWEALTHis offering to the publicinvestment opportunities termed as “Savings” which involves a deposit of P1,000 up to P100,000 permonth for a fixedterm of 5 to 35 years. NUTRIWEALTH assuresinvestors of a 12%annual interestincome. Moreover, another type of investment offered by NUTRIWEALTHis “Double Your Money in 5 years”with a minimum one-time deposit of P5,000and a maximum one-time deposit of P100,000,000.Based on information gathered by the Commission,NUTRIWEALTHis offeringto the publicanotherinvestmentopportunitythrough VALUE CHAIN METHODOLOGYorVCMby enticing the public to invest in their Dragon Fruit Global Project, Poultry Farm Project, Manufactured Herbal Coffee and Rice Production,promising incrediblyhigh returnsas much as 10 times the amount of investmentfor a fixed termof 5 to 20 years.Allegedly, NUTRIWEALTHis targetingOverseas Filipino Workersfrom Israel, Japan, Hong Kong,Singapore, Korea,Italy, Canada, Australia, Taiwan, Thailand, U.S.A., U.A.E., KSA,Iraq, Kuwait and Qatarwhere they conducted their “Financial Literacy Caravan”.Where the scheme involves the sale of securities to the public, the SRCrequires thatthe issuing person and/or entity must be aregistered corporation with SEC, the said securities offered are duly registered and that the appropriate license and/or permit to sell securities to the public are issued to the corporation and/or its agents, pursuant to the provisions of section 8 and 28 of the SRC.The public is hereby advised to exercise caution in investing their money in these types of schemes which may turn out to be Fraudulent Investment Schemes, involving the sale of unregistered securities.
Those who act as salesman, broker or agents of NUTRIWEALTH in selling or convincing people to invest in the investment scheme being offered, including solicitations or recruitment may likewise 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) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC.Likewise, those who sell or offer securities the public, may be held criminally liable or accordingly sanctioned or penalized pursuant to the Supreme Court Decision in the case of Securities and Exchange Commission (SEC)Vs. Oudine Santos(G.R. No. 195542, 19 March2014).Should you have any information regarding the operationsof the subjectentities, please call the Enforcement and Investor Protection Department at telephone numbers818-6337 and 818-5324.For the guidance of the public