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WEECLICK CLUB

Date Posted: 27 September 2019

WEECLICK CLUB

WEECLICK CLUB

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The Commission has received information that individuals or group of persons representing WEECLICK CLUB (“WEECLICK”) are enticing the public to invest in the said entity onlineor through the internet. Basedon the information gatheredbythe Commission, WEECLICK entices the public to invest by offering membership package or account worth Php500.00(Paylite) and Php1,000.00 (Advance), details of the offeringare as follows:Paylite –A member can earn Php2.50 per captcha maximum of 10 captcha per day or Php25.00Advance –A member can earn Php2.50 per captcha maximum of 20 captcha per day or Php50.00Php500.00 minimum withdrawalper accountA member with Advance account can purchase a maximum of 7 advance account which will earn Php350.00(Php50.00 x 7 accounts)per day or Php10,850.00(Php350.00 x 31 days)per monthA member needs to invite two people in order to pay out110% return on ads clickingThe public is hereby informed that WEECLICK is notregistered with the Commission asacorporationor partnership and is NOTauthorizedto offer, solicit, sell or distribute anyinvestment/securitiesto the public. Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered withtheSEC before they can be offered or sold to the publicunder Sections 8 and 12 of the Securities Regulation Code (SRC). Consequently, those who act as salesmen, brokers, dealers or agents of WEECLICK n selling or convincing people to invest in theirinvestment schemesincluding solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRCand penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or maximum penalty of Twenty One (21) years imprisonment or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014).In view thereof, the public is hereby advised to STOP INVESTING in the investment schemesbeing offered by WEECLICK. 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 correspondinglyassessed.Should you have any information regarding theoperation of the subject entities, please call the Enforcement and Investor Protection Departmentat telephone numbers 818-6047.For guidance of the public