Date Posted: 27 September 2019
Based on the information gathered by the Commissionthrough postings onthe internet, a number of individuals orgroup of persons representing BETTER ADSOURCE SYSTEM, INC. / BETTER ADSOURCE ADVERTISING SERVICES(herein “BETTER ADSOURCE”) are enticing the public to invest their money in said entities.As posted online, BETTER ADSOURCEpromises a return based on a number of packagesoffered under itscompensation plan, to wit:1.Referral Program-Earn from referring others up to third level indirect referrals. Pairing Bonuses are also awarded.2.Completion Bonus-Earn Unlimited Five Hundred Pesos (Php 500.00)every time a subscriber completed a fourth level referral;3.Referral Bonus Pool-Passive income that give earnings with or without referrals. The Referral Bonus Pool is accumulated every time there is a new Referral Pay-in. 10% of the subscription fee will go to the Referral Bonus Pool which will be distributed to all subscribersbased on the stake they are holding. The Referral Bonus Pool will be distributed to subscribers every 24th day of the month;4.Profit-Sharing Pool-Passive income that gives income in every sales made by the company;In every repeat purchase made by asubscriber, and offline direct sales, 10% will be added to the Profit Share Pool which will be distributed every 24th of the month among all stakeholders base on the stake they hold;5.Gadget & Prepaid Load Incentive-Earn loyalty points known as “blp”in every progress or activity a subscribermade in the system. These loyalty points areused to redeem Prepaid Loads and Gadgets like Phones, Tablets, and Laptops;6.Income from Sales-Earn from direct selling.subscriberswill enjoy up to 50% discount on products;7.Area Distributorship-Earn from all sales in a subscriber’sarea of responsibility. Whether they made the sale, or the customer directly purchased from the company, the commission will go to their account; and8.Bitcoin-Reward Faucet. Claim Bitcoin Rewards from the Company’s Faucets every 15 minutes. BETTER ADSOURCEclaims that it is a great way for its subscribersto earn money during their vacant time stating that thousands of Pesos has been claimed for the first 2 weeks of its implementation.
Simply, an investor is entitled to receive passive income from the pool of investment gathered and cryptocurrency mining, while active income is acquired from recruitment bonuses.As illustrated by BETTER ADSOURCE in one of its postings, theirsubscriber need not exert any effort other than to pay the subscription fees in order to earn. Hence, they may optto contribute fundsonlyso that it may be used as trading capital by the company or to pay profits or returns to earlier investors.Theschemeof BETTER ADSOURCEinvolves the sale of securities to the public, andthe Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agentshave appropriate registration and/or license to sell such securities to the public pursuant toSection 8 of the SRC.Per record of the Commission, BETTER ADSOURCE SYSTEM, INC. andBETTER ADSOURCE ADVERTISING SERVICESare notregistered with the Commission as a corporation or partnership nor are they authorized to solicit investments from the public since they have not secured prior registration and/or license from the Commission as prescribed under Sections8 and 28 of the Securities Regulation Code.Those who act as salesmen, brokers, dealers or agents of BETTER ADSOURCEin selling or convincing people to invest in the investment scheme being offered by these entities including solicitations and recruitment through the internet may likewise be prosecuted and held criminallyliable under Section 28 of the SRC and penalized with a maximum fine of Five Million pesos(P5,000,000.00) or penalty of Twenty-one (21) years of imprisonment or both pursuant to Section 73 of the SRC. Also, those who invite or recruit others to join orinvest in suchventure or offer investment contracts or securities to the public may incurcriminally liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court inthe case of Securities and Exchange Commissionvs. Oudine Santos (G.R. No. 195542, 19 March2014).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.The public is advisedNOT TO INVESTor STOP INVESTINGin any investment scheme being offeredby BETTER ADSOURCE SYSTEM, INC.and BETTER ADSOURCE ADVERTISING SERVICES andto exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it.Should you have any information regarding any investment solicitation by any individuals or group of individuals representing BETTER ADSOURCE SYSTEM, INC.and BETTER ADSOURCE ADVERTISING SERVICE,please call the Enforcement and Investor Protection Department (EIPD) at telephone numbers (02) 818-6047 and (02) 818-6047 or send your report to the EIPD at email@example.comFor the guidance of the public.Pasay City. 25 September 2019