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ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
WARNING TO THE PUBLIC
27 April 2018
The Commission has received information that ind
ividuals or group of persons
are
enticing the public to invest in
what
is
obviously
a
“
Ponzi S
cheme
”
in the guise of
“
Online
Paluwagan
” or “
Onpal
” through the following social media accounts, pages, or groups:
1.
ROAD TO STOCKMARKET/DREAM
BUILDERS
–
RTSM 2;
2.
STEADY MONEY ONPAL;
3.
G
–
FUNDS;
4.
TEAM AMAZING GRACE;
5.
DONATOS TEAM
–
GIG;
6.
TEAM DONATOS;
7.
BUILDING BRIDGE;
8.
GBS NEW HOPE;
9.
GBS TRUST TRADERS;
10.
WHILMZ TEAM INTERNATIONAL;
11.
WHILMZ INTERNATIONAL ONLINE
PALUWAGAN;
12.
ROSCA
–
MONEY’S WORTH ONPAL;
13.
WARRIORS TEAM ONPAL;
14.
TEAM WARRIORS;
15.
XPLOSION;
16.
R
ED PACKET;
17.
ELITE SAVERS CLUB;
18.
SHARE KO PROFIT KO;
19.
SUTM & BOJ;
20.
REAL TEAM ANGEL
INTERNATIONAL;
21.
ORIGINAL TEAM ANGELS;
22.
RETURN OF THE COMEBACK TEAM
ANGELS INTERNATIONALS;
23.
CONE WEEKLY INVESTMENT;
24.
2DO MARKETING SERVICES;
25.
POWER7 M2G;
26.
ONPAL ADHOC;
27.
SWIFT EARNERS
GUILD;
28.
EXCLUSIVE CIRCLE OF EARNERS;
29.
OLD TBC; and
30.
LOVER’S PROFIT SHARING.
According to the information communicated to the Commission,
the scheme involves a
scheduled collection of money from
each member by one or few administrators with
an
expectation to distribute
the
funds with interests to all members on their respective payout
schedules. T
he persons recruiting or soliciting investments were promising huge returns to
their members within a short period of time with interests ranging fr
om 10%
–
757
% in as little
as One to Ninety (1
–
90) days.
Transaction
s
between the administrators and members
were
made throug
h
remittances, wire transfer, and
cash deposits, among others. The social media was also
extensively
used to
promote and operate the scheme
.
Unfortunately, m
any of their respective
members incurred huge loss of money
and the
administrators
w
ere reportedly unable to refund investments
.
In view thereof, the public is hereby advised to
stop
investing in these kinds of activities
and to take the necessary precaution in dealing with these groups or their representatives.
Assurance
should be made first that the company is lawfully engaged in business for which it is
registered with the Commissi
on
as required under Sections 8 and 12 of the Securities
Regulation Code (SRC).
Consequently, those who act as salesman, brokers, dealers or agents in selling or
convincing people to invest in the
said
scheme including solicitations or recruitment throug
h
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.
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.
Accordingly, those who invite or recrui
t 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, M
arch 19, 2014).
Should you have any information regarding the operation of the
said scheme
, please call
the Enforcement and Investor Protection Department at telephone numbers 818
–
6047.
For guidance of the public

Online Paluwagan