SEC Facebook

Based on information gathered by the Co
mmission, CRISTIANO ALBERTO
, more
popularly known as
XIAN GAZA is enticing the public
to invest
their money
in CRISTIANO ALBERTO
REAL ESTATE FUND (“CAREFUND”).
According to their website
carefund.net
, CAREFUND is an international venture capital group
under the leadership of
Christian Albert Gaza
,
who is also a real estate financier
in
Southeast Asia and
the Chief Executive Officer/Chief Investment Officer of SINDICATO CRISTIANO GROUP OF
COMPANIES.
CAREFUND is composed of a
100
–
million
–
peso
fund which is divided into 5
,
000 shares.
Minimum amount of investment is Php 20,000 equivalent to
(
1
) one
share and
maximum amount of
investment is
Php 1,000,0
00 equivalent to
(
50
) fifty
shares. This
kind of deposit is similar to a time
deposit
or term deposit which has a lock
–
in pe
riod of 2 years or 24 months.
There are two ways to earn in CAREFU
ND, by common profit and
p
referred p
rofit.
Under
common profit, no direct referral is required. Under preferred profit,
there must be at least two
direct
referrals
with at least one share each.
CRISTIANO ALBERTO promises
as high as
45
% income
plus return of capital
for common profit
after
the lapse of
two years.
Income under common profit is more p
articularly described below
:
On the other hand
,
CAREFUND promises as high as
75% income for prefer
red profit
plus
capital in two years
and
an
annual dividend for five years
.
Income under preferred profit is more
particularly described below:
Records of the
Commission show that CRISTIANO ALBERTO is not registered as a corporation,
partnership or association. Likewise, CAREFUND is not authorized to offer its investment scheme to
the public, which constitutes securities, without a registration statement duly filed with
and
approved by the commission under Section 8.1 of the Securities Regulation Code
(SRC)
.
T
he aforementioned
scheme offered by CAREFUND
involves the offer and sale of securities
to the public, the
SRC
r
equires that these securities are duly registered w
ith the Commission and that
concerned entity or its agents have appropriate registration and/or license to sell such securities to
the public pursuant to Section 8 of the SRC.
Further, Section 28 of
the SRC
prohibits any person from engaging in the buyin
g or selling of
securities
in the Philippines as a broker, dealer or salesman, or associat
ed person of a broker or
dealer.
In view thereof, the public is hereby advised
to
STOP INVESTING
in this kind of investment
activity and to take the necessary
precautions in dealing with the above
–
named entity and/or its
representatives.
Everyone is reminded that aside from the strict
penalties
imposed by the Commission for
violations of the Securities Regulation Code, the Revised Corporation Code, and such ot
her rules and
regulations it enforces, the Bayanihan to Heal as One Act (Republic Act No. 11469) also punishes
those participating in cyber incidents that make use or take advantage of the current crisis situation
to prey on the public through scams, phish
ing, fraudulent emails or other similar acts.
Further, those who invite or recruit others to join or
invest in such venture or offer
securities
to the public may incur criminal liability, or otherwise be sanctioned or penalized accordingly as held
by the Supreme Court in the case of
Securi
ties and Exchange Commission v
s.
Oudine Santos
(G.R. No.
195542, 19 March 2014).
Should you have
any information regarding the operation of
CAREFUND,
please send your
report to the Enforcement and Investor Protection Department at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City, 3 September
2020