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Organico Agribusiness Ventures Corporation

Date Posted: 21 May 2018

Organico Agribusiness

Organico Agribusiness

SEC Facebook

The Commission has received information that individuals or group of persons
representing
ORGANICO AGRIBUSINESS VENTURES
CORPORATION
(“ORGANICO”)
are
enticing the public to invest in the said entity online
or through the internet
.
Based on the information communicated
and gathered
by
the Commission,
ORGANICO
is
engaged in
soliciting investment
where
in
an investor must invest at least 10 shares
,
one
(1)
share
costs
Php1,800.00,
and for every share an investor gets
Php450.00 every 15
days
for
a total of
Php2,700.00
in 3
month
s
.
Allegedly, t
he money invested
will
be used to fund the
company’s
diverse businesses
which includes: organic farming, organic poultry, organic piggery, restaurant serving organic
food, telemarketing, music studio and construction and eventually, an organic meat shop.
Another investment scheme is
the
90

day
investment
,
where for
every
Php3,600.00
invest
ed
, one piglet
is
raised and sold after 3 months
and
the investor
gets his money back with
profit
for a total of
Php7,000.00.
The public is hereby informed that
ORGANICO AGRIBUSINESS VENTURES
CORPORATION
is
NOT
regist
ered with the Commission as a corporation
nor as a partnership
under the Corporation Code of the Philippines and
is
NOT
authorize
d
to
offer,
solicit
, sell or
distribute any
investment
/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 public
under Sections 8 and 12 of the Securities
Regulation Code (SRC).
Consequently, those who act as salesm
e
n, broker
s, dealers or agents of
ORGANICO AGRIBUSINESS VENTURES CORPORATION
in 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 Se
ction 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 oth
er 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 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 caution before investing in these
kinds of activities and to take the necessary precaution in dealing with
ORGANICO AGRIBUSINESS VENTURES CORPORATION
or 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 guidance of the public