SEC Facebook

The Commission has received information that
an individual
or group of
persons representing an entity named
ONLINEBIZ/ONLINEBIZ E
–
COMMERCE
are
enticing the public to invest their money in the said entity with the promise of
high
monetary rewards or profits.
Based on reports and the information gathered and verified by the
Commission,
ONLINEBIZ/ONLINEBIZ E
–
COMMERCE
is engaged in
investment
–
taking activity
by
offering
a
business opportunity with a minimum investment of
Php19,000.00
and a promise of
earn
ing
Php5,0
00.00 to Php50,000.00 weekly, with
insurance plan and free travels.
The subject entity
’s scheme
appears to be similar to the investment scheme
employ
ed by
ELITE ENTREP BLUE PRINT
as described in the Advisory issued by
the Commission on 27 February 2020. The Facebook page of
ONLINEBIZ/ONLINEBIZ E
–
COMMERCE
shows that it is also operating under the
name
ELITE ENTREP BLUE PRINT
.
The public is hereby
informed that
ONLINEBIZ/ONLINEBIZ E
–
COMMERCE
is
not registered with the Commission and is
not authorized to solicit
investments
from the public, not having secured prior registration and/or license to
sell securities or solicit investments as prescribed under Section 8 of the Securities
Regulation Code (SRC).
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 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
.
Those who act as salesmen, brokers
, dealers or agents of the said entity in
selling or convincing people to invest in the investment scheme it is being offered
including soliciting investments or recruiting investors through the internet may be
held criminally liable under Section 28 of th
e SRC and penalized with a maximum
fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty One (21)
years or both pursuant to Section 73 of the SRC (
SEC vs. Oudine Santos, G.R. No.
195542, 19 March 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 hereby advised to exercise caution in dealing
with any individual or group of pe
rsons soliciting investments for and on behalf of
ONLINEBIZ/ONLINEBIZ E
–
COMMERCE.
The public is further advised
NOT TO
INVEST
or to
STOP INVESTING
in the investment scheme being offered by
the
subject entity
or its representatives.
Should you have any
information regarding the operation of the subject
entity, please call the Enforcement and Investor Protection Department
(EIPD)
at
telephone number 8818
–
6047 or email at
epd@sec.gov.ph
or visit the EIPD at
Ground Floo
r, North Wing Hall, Secretariat Building, PICC Complex, Pasay City.
For the guidance of the public.
Pasay City,
23
April 2020