INTERNATIONAL VIP FINANCING/INTERNATIONAL VIP FINANCING PH is not registered with the Commission as corporations or partnerships nor are they authorized to solicit investments from the public.
Date Posted: 12 March 2020
INTERNATIONAL VIP FINANCING PH
The public is hereby warned about the unauthorized investment taking activities undertaken by INTERNATIONAL VIP FINANCING/ INTERNATIONAL VIP FINANCING PH(hereinafter referred to as “VIP FINANCING”).Based on information gathered from online posts, the said entity guarantees to investors a passive income of 4% per month for investments of ₱100,000.00 to ₱400,000.00 and 5% per month for investments of ₱500,000.00 to ₱5,000,000.00.VIP FINANCINGclaims that the investments are secured by a notarized contract and postdatedchecks and that it is investing the money on junket operations.Theowner/administrator of the Facebook (FB) account of VIP FINANCINGis the same person who owns/administers the FB account of Financing International Casino/Casino VIP Financing by Cathlyne Papasin/ Casino VIP Financing/ Fortune Dragon Casino Financing.Thelatter entities have been the subject of a previous Advisoryissued by the Commission as posted on 12 November 2019.The investment schemes offered by said entities are the same.The public is hereby informed that INTERNATIONAL VIP FINANCING/INTERNATIONAL VIP FINANCING PHisnotregistered with the Commission as corporationsor partnershipsnor 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 (SRC).Those who act as salesmen, brokers, dealers or agents of INTERNATIONALVIPFINANCINGin 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 suchventure or offer investment contracts or securities to the public may incurcriminal 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, March 19, 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.In view thereof, the public is advised to exercise caution in dealing with any individuals or groupsof persons soliciting investments for and on behalf of INTERNATIONAL VIP FINANCING/INTERNATIONALVIP FINANCING PH. The public is further advised NOT TO INVESTor TOSTOP INVESTINGin any investment scheme being offered by the aforementioned entities.Should you have any information regarding any investment solicitation by any individuals or group ofindividuals representing INTERNATIONAL VIP FINANCING/INTERNATIONAL VIP FINANCING PH,please call the Enforcement and Investor Protection Department (EIPD) at telephone number(02) 8818-6047 or send your report to the EIPD at epd@sec.gov.phor you may visit EIPD office located at Ground Floor, North Wing Hall, Secretariat Building, PICC Complex, Pasay City.For the guidance of the public