NEXTGEN GLOBAL ALLIANCE CORPORATION (NEXTGEN) and NEXTGEN ORGANIC FARMERS COOPERATIVE (NOFACO) are engaged in investment-taking activities not authorized by the Commission.

Date Posted: 17 March 2020



SEC Facebook

Based on the information gathered by the Commission,the entities operating under the names, NEXTGEN GLOBAL ALLIANCE CORPORATION(NEXTGEN)and NEXTGEN ORGANIC FARMERS COOPERATIVE(NOFACO),operated by Reynate C. Lascoňa,Miralyn A. Yasol,Rene C. Lascoňa, Arvin M. Evangelista, and Shirly A. Pareňas, with principal office at No. 381, Jade St. corner Topaz St., Gem Village, Ma-a, Davao City and a satellite office at Unit 1401, 14thfloor, AIC Burgundy Empire Tower cornerGarnet Road, ADB Ave. Ortigas Center, 1800 Pasig, areengaged in investment-taking activities not authorized by the Commission.Primarily, NEXTGEN and NOFACO appears to be engaged in the manufacturing, distributing, and/or selling of health and wellness products, fertilizers, and other livestock solutions but also uses theirFacebook pagesas a marketing tool in proliferating theirinvestment taking activities.As posted online, NEXTGEN and NOFACOoffers a number of investment packages guised as franchiseprograms. These includes the Bronze, Silver, Gold, and Platinum Packages with corresponding profit sharing and other incentives such as:1.Car, house and lot, and travel incentives;2.Upline Support Bonuses; 3.Leadership Bonuses;4.Group Sales Rebates or Unilevel Bonuses;5.Matching Point Bonuses; and6.Direct Selling Bonuses.Other investment packages are also offered for as low as One Hundred Pesos (Php 100.00) per day with a return of Seventy-Two Pesos (Php 72.00) after Ten (10) days. NEXTGEN GLOBAL and NOFACO even promise a higher profit with the introduction of their FAST TRACK BOOSTER PROGRAMwhich promises a return of Twenty-Eight Thousand Pesos (Php 28,000.00) after Twenty-Five to Thirty (25-30) days for an initial investment of Two Thousand Pesos (Php 2,000.00). To illustrate:
Basically, investors are offered One Thousand ThreeHundred Percent (1,300%) interest permonth or a total of Fifteen Thousand Six Hundred Percent (15,600%) interest annually.Based on the foregoing,the schemeofNEXTGEN and NOFACOinvolves the offering and sale of securities, in the form of investment contracts, to the publicwhere investors are deemed investing in a common enterprisewithout the need toexert any effort other than to invest orplace money in the said companiesin order to earn.Hence, Section 8 of the Securities Regulation Code (SRC)requires that all offers and sales of securities, including those involving digital assets, must be duly registered with the Commission and that the concerned corporation and/or its agents have appropriate registration and/or license to sell such securities to the public.Per record of the Commission, only NEXTGEN isregistered as a corporationunder Company Registration No. CS201431624but is not authorized to undertake business activities requiring a secondary license from the Commission in accordance with Sections 8 and 28 of the SRC.NOFACO,on the other hand,has no record of prior registration and/or authorization from the Commission to likewise engage in the aforementioned purposes.The public is advised to exercise extreme cautionin dealing with any individuals or group of persons acting or soliciting investments for and on behalf of NEXTGEN GLOBAL and NOFACOor any entities engaged in similar investment solicitation activities. The public must be wary that such dealings may be Ponzi schemesguised as investment contracts that promises ridiculous ratesof return with little or no risk.Those who act as salesmen, brokers, dealers or agents of NEXTGEN GLOBAL and NOFACOin selling or convincingpeople 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 thepublic may incurcriminally 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, 19 March2014).The names of all those involved will also 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 investmentsolicitation activity by any individualor group of individuals representing NEXTGEN and NOFACO, please call the Enforcement and Investor Protection Department (EIPD) at telephone number (02) 8818-6047 or send your report to the EIPD at the guidance of the public. Pasay City, 12March 2020