SEC Facebook

Based on the information gathered by the Commission, a number of individuals
or group of persons claiming to represent
NORWAY INTERNATIONAL OPC
are
enticing the public to invest their money in said entity.
NORWAY INTERNATIONAL OPC,
which
,
based on information and reports
from th
e public, is founded by
CASSEY CHING
–
MARIANO
and
REENA AVA CHING
,
with a principal office located in
Room 307 ETG Building Mabini St. Poblacion San
Pedro, Laguna.
As posted in their Facebook page and in their Facebook video, you can start a
business by registering first, then you can choose from any of the two (2) starter
packages set which include the
following:
STARTER PACKAGE (P1,500)
1.
SET A
–
P2,140 worth of products
2.
SET B
–
P2,390 worth of products
3.
SET C
–
P2,120 worth of products
BUSINESS PACKAGE (P4,500)
4.
SET A
–
P6,420 worth of products
5.
SET B
–
P7,170 worth of products
6.
SET C
–
P6,360
worth of products
As posted online,
NORWAY INTERNATIONAL OPC
is offering six (6)
products such as:
1.
Rejuv soap Bar for women;
2.
Rejuv soap Bar for men;
3.
Rejuv Day Moisturizer;
4.
Rejuv Skin Toner;
5.
OMG slimming Coffee; and
6.
REN
Bio Detergent Soap
According to these persons, there are
9 ways
on how to earn when you join
NORWAY INTERNATIONAL OPC
, and these are the ff:
Under the Starter Package (with 1 Account worthP1,500)
1.
RETAIL PROFIT;
2.
CAH REWARD;
3.
DIRECT REFERRAL BONUS;
4.
PAIRING
BONUS;
5.
DIRECT MATCH BONUS;
6.
UNILEVEL (DIGITAL SERVICES);
7.
UNILEVEL (REPEAT SALES);
Under the Business Package (with 3 accounts worth P4,500)
8.
FREE ACCOUNT REWARDS;
9.
CAR AND TRAVEL INCENTIVES
As posted online, the Car Incentive will only be
given to those who will achieve
the 5
th
account. Local Travel Incentive will only be given to those who will achieve the
6
th
account and lastly, the International Travel Incentive will only be given to those
who will achieve the 7th account.
In their Facebook video posted last March 27, 2020, the
CEO
of
NORWAY
INTERNATIONAL,
Ms.
REENA AVA
–
CHING,
int
roduced their new scheme where
their “RETAIL PROFIT” was disregarded, which means an investor will earn even
though they will not sell any products
nor do anything. She called it
NORWAY
INTERNATIONAL BINARY SYSTEM
.
Ms.
REENA AVA CHING
enticed the viewers that members or future investors
with an invested amount of only
P1,500.00
can earn from
P90,000.00
up to
P270,000.00 or the equivalent of 6,000%
–
18,000% increase in the return of
investment within a month
and members or future investors with an invested
amount of
P4,500.00
can earn from
P270,000.00 up to P450,000.00 or the
equivalent of 6,000%
–
10,000% increase in the return of investment withi
n a
month,
WITHOUT SELLING ANY PRODUCTS
, but rather thru
Recruitment,
Pairing, Downline System,
and their
Direct Match Bonus.
Simply, an investor is entitled to receive passive income from the pool of
investment gathered, while active income is acquired
from recruitment bonuses.
Per record
s
of the Commission,
NORWAY INTERNATIONAL OPC
is
registered
as a corporation but it is
not authorized
to solicit investments from the
public since it has not secured prior registration and/or license from the Commission
as prescribed under Sections 8 and 28 of the Securities Regulation Code.
The public must be wary that
any promise of ridiculous rates of return with
little or no risks is an indication of a
Ponzi Scheme
where monies from new investors
are used in paying fake “profits” to earlier investors. Also, any promise that defies the
normal financial logic is surely unreliable and sketchy.
It must be clear that entities engaged in such activities likely tend to
disappear
shortly to the prejudice of their stakeholders.
Consequently, the Commission encourages the public to be prudent in making
or placing their monies on these entities especially during this pandemic.
Violators are warned that aside f
rom 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 thos
e 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
.
Hence, those who act as salesmen, brokers, dealers or agents or cla
im to act as
such for
NORWAY INTERNATIONAL OPC
in selling or convincing people to invest in
the investment scheme being offered by said entity including solicitations and
recruitment through the internet may be prosecuted and held criminally liable under
Section 28 of the SRC and penalized with a maxim
um 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 such venture or offer
investment contracts or secur
ities to the public may incur criminally liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the
case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19
March 2014).
Furthermore, the nam
es 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.
The public is advised
NOT TO INVEST
or
STOP INVESTING
in any investment
scheme being offered by a
ny individual or group of persons allegedly for or on behalf
of
NORWAY INTERNATIONAL OPC
and
to exercise caution in dealing with any
individuals or group of persons soliciting investments for and on behalf of it.
Should you have any information regarding
any investment solicitation by any
individuals or group of individuals representing
NORWAY INTERNATIONAL OPC
,
you can send your report to the EIPD at epd@sec.gov.ph
For the guidance of the public.
15 April 2020