IELEV8 NETWORK and IELEV8 HEALTH AND WELLNESS CO. is not authorized to solicit investment from the public as the above-mentioned entity did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 of the Securities and Exchange Commission.
Date Posted: 30 April 2020
The Securities and Exchange Commission(“Commission”)has received information that individuals or group of persons of person representing “IELEV8 NETWORK”and “IELEV8 HEALTH AND WELLNESS CO.” operated by a certainMARK JASON ALACAPAis offering online-investment opportunities. Per record of the Commission, IELEV8 NETWORKis not registered in the Commission’s database as a corporation or partnership. On the otherhand, IELEV8 HEALTH AND WELLNESS CO. is a registered partnership with SEC Registration No. PG202051360issued on 5 March 2020. BothIELEV8 NETWORK andIELEV8 HEALTH AND WELLNESS CO. is not authorized to solicit investment from the public as the above-mentioned entity did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 of the Securities and Exchange Commission. Based on information gathered by the Commission, in order to become a member,depending on the package availedof, one must pay an amount ranging from not less than 1,500 to 10,500 pesos, and promises apotential income ranging from 2,500 daily income to 225,000 monthly incomethru selling Lean-Ccapsules and Detoxifier Herbal Milk Tea. There are different ways to earn in IELEV8 NETWORK and IELEV8 HEALTH AND WELLNESS CO.Ways to EarnIELEV8 NETWORKIELEV8 HEALTH AND WELLNESS CO.1.Direct SellingA member can make 30% to 40% retail profitsfrom product sales.A member can make 35% profitsselling price.2. Direct ReferralFor every 10 Point Value (PV), the member will get P100.00. Referral reward depends on the package availed by the new distributor.For every package sold,the member will get P200.00. 3. Incentive RewardFor memberupgrade, for every P50 pesos, a member shall get 2 rewards point.Offers car down payment + 2 months subsidy or gadgets depending on the pairing reached.4. Match Sale Bonus/Pairing Bonus/Geneology For every 10 pairs (left and right) a pairing value bonus amounting to P250 shall be Earn 1,500 to 2,000 for every matched points (left and right sales group).
Salesgiven on the 1stto 10thpairs and succeeding pairs is P200P1,500 shall be given on the 1stto 20thpairs and succeeding pairs up to 35thpair is P2,000.Maximum income is 3 pairs per day or 6,000 per day.5. Builder Bonus or Leadership BonusThe member can get 8% to 15% from total binary income of all your direct referral.6. Uni-Cycle Bonus or group repeat purchaseA combination of uni-level and matrix cycle (sponsor based). Unlimited Reward or bonus ranging from P10 to 1,300.7. Matrix CycleAn unlimited cycleand a reward bonus for three (3) invite.8. Elev8 Ranking Bonus or rewardor global poolA 10% share from the company sales/revenues, monthly based reward system, given every 6thmonths of the year.Profit sharing ranging from 10% to 92%.Requires a memberto meet the company guidelines9. Retail Sales MatchEarn 3 pairs per day (P2,000 per pair) or a maximum of 6,000 per dayThe public is hereby warned that such investment schemes are considered as securities subject to the regulatory authority of this Commission. The offering and selling of securities to the public without a permit or license is a violation of Section 8.1. of the Securities Regulation Code.Please be advised that theCommission already posted at the landing pageof our website, www.sec.gov.ph, the name of the entities that are authorized to offer securities/investments to the public. Entities not included in the list and that are conducting investment taking activities from the public are presumed to be in violation of Securities Regulation Code. Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liableunder Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P 5,000,000.00) or imprisonment of TwentyOne (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos G.R. No. 195542, 19 March 2014).Violators are warned that aside from the strict penalties imposed by the Commission for violations of the Securities Regulation Code, the Revised Corporation Code, and such other rules and regulation 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, phishing, fraudulent emails, or other similar acts.In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precautionsin dealing with IELEV8 or its representatives.Should you have any information regarding the operation of the subject entity, you may send your report to the Enforcement and Investor Protection Department at firstname.lastname@example.orgFor the guidance of the public. Pasay City, 30 April 2020