Date Posted: 25 November 2019
In response toreportsand inquiriesreceived by the Commission regarding the activities ofTECHNOVANTI NETELIGENCE,INC.(TECHNOVANTI), the Commission wishesto inform the public that TECHNOVANTIis NOT AUTHORIZEDto solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC) because it does not have a secondary license from the Commission to solicit investments or other securities from the public for whatever purpose as provided under Sections 8 and 28 of the SRC.TECHNOVANTIclaimed that it is 100% legitimate and that it has complied with all the legalities, but itmust be noted that acquiring a primary registration with the Commission is not a license or authority to solicit investment from the public because it only grants juridical personality to the corporation but does not authorize it to issue, sell, or offer securities for sale nor to undertake investment activities without acquiring a prior registration and/or secondary license approved by the Commission.Based on the information gathered by the Commission, TECHNOVANTIoffers the following compensation plans(complan) using the Paid-to-Click (PTC) Program, to wit:a.One Thousand Pesos (Php 1,000.00) entry Complan; andb.One Thousand Five Hundred Pesos (Php 1,500.00) entry Complanwith Alkaline Capsule Products.Both complans includes Five Hundred Pesos(Php 500.00) sign up bonus and a total of One Thousand Five Hundred Pesos(Php 1,500.00)YouTube viewing rewards(Php 300.00 reward per viewed video/1 video a day for 5 days only).Other passive incomes and incentives are likewise given/promisedsuch as:a.One Hundred Pesos (Php 100.00) Leadership Bonus;b.One Hundred Pesos (Php 100.00) Bonus for every recruit in the investment;c.Two Hundred Pesos (Php 200.00) Binary Pairing Bonus;d.Two Hundred Pesos (Php 200.00) Group Sales Bonus;e.Ten Percent (10%) Bonus based on the Group Leader’s Income from the Binary System;f.Latest Ipad;g.Dream Travel to Ibiza;h.Caribbean Cruise;i.Food Cart Business; andj.Sports Car.
Once an account is activated, the investors may access a dashboard provided by TECHNOVANTI where they can monitor and perform activities.However, the minimum encashmentis Three Thousand Pesos (Php 3,000.00),so the investors are obligedeither to acquire multiple accounts in order to get their payoutsor to engage in networking in order to receive passive income andto qualify for the minimum encashment.To reiterate theSEC ADVISORYonthe proliferation of investment scams conducted by online-based advertising companies throughPTCprogramsposted 22 May 2018,PTC programs might promise significant gains from minimal investment, by doing bogus clicking jobs, by logging in everyday or by obtaining referrals or buying ad packs.But some companies with PTC programs are engagedin scamsusing the Ponzi scheme where monies from new investors areused to pay fake “profits” to earlier investors. Therefore, the public must bevigilant even ifa PTC program claims it is not an investment scheme.Again, the public is advised to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of TECHNOVANTIor any entities using the PTC Program. The public must also be wary of schemes that give emphasis on recruitment of members or “downlines”, particularly if the product being offered is overpriced,as the same may be a disguisedpyramiding schemewhich is focused on the recruitment of members in order to solicit investments rather than earning profits from the sale of the products.Those who act as salesmen, brokers, dealers or agents of TECHNOVANTIin 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 criminally liable 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 or invest in such venture or offer investment contracts or securities to the public may incur criminally liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March 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.Should you have any information regarding any investment solicitation by any individuals or group of individuals representing TECHNOVANTI,please call the Enforcement and Investor Protection Department (EIPD) at telephonenumber (02) 8818-6047or send your report to the EIPD at email@example.com.For the guidance of the public.Pasay City, 14 November2019