The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of WEALTHNESS AM GLOBAL CORPORATION and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it.
Date Posted: 2 July 2020
WEALTHNESS AM GLOBAL CORPORATION
Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent WEALTHNESS AM GLOBAL CORPORATION headed byMa. Fatima Espejon Teofilo, are enticing the public to invest their money in said entity.As posted online, WEALTHNESS GLOBALis offering investments to the public by availing either: Retailer Package (worth Php270.00); Distributor Package (worth Php1,850.00); or Elite Package (worth Php3,600.00).Thebanner activity of the company is captcha-typing where a member shall be given a batch of captchas(30 captchas per batch) that arerequired to be solved and shall have an equivalent points ranging from 200 to 350 points. Accordingly, a member shall earn the following:Accumulated PointsEquivalent Peso Earnings10,000 pointsPhp8.0020,000 pointsPhp20.0045,000 pointsPhp50.0090,000 pointsPhp100.00Such captcha-typing facility is operational for 24 hours a day with only 15 seconds interval, and unlimited as the account is for lifetime.
The minimum earning of Php8.00 shall be earnedby a member in about 40 minutes. Given the scenario that a member shall perform his bogus captcha typing in such a number of minutes, he shall earn a minimum of Php240.00 per month. And at the maximum earning of Php100.00, a member is only required to do the captcha-typingin just six (6) hours in a day and earn Php3,000.00in a month. Below are itsother ways to earn:1.Direct Selling A member shall earn up to 50% discount for every product sale;2.Direct Referral Rewards A member shall earn an unlimited direct referral rewards amounting to Php100.00 for every direct recruit. However, in a different video presentation, a member shall earn the direct referral bonus below.PackageReferral BonusRetailerPhp70.00-1stlevel; Php10.00 –2ndto 6thlevel DistributorPhp180.00ElitePhp360.003.Super Binary RewardsA member shall earn Php100.00 for every matched 10 points on his/her left and right structure whenever a downline recruits and/or purchasesa product. Below are the equivalent points:
Recruitment10 pointsLemon Sulfur Soap 1 pointGluta Kojic Soap1 pointYuki Glutathione 5 pointsNensho Slimming Capsule6 points4.Leadership Rewards A member shall earn a leadership reward amounting to Php400.00 for his/her every 4thdirect recruit.
5.Indirect RewardsA member shall earn an indirect reward amounting to Php5.00 for every recruits up to the 10thlevel. 6.Distributor RewardsA member shall earn: Php180.00 whenever he/she recruits memberswhoavailof the Distributor Package; and Php360.00 whenever he/she recruits members who avail of the Elite Package.7.Cycle RewardsA member shall earn cycle rewards amounting to Php150.00 per matched point on his/her structure.PackageEquivalent PointMaximum Pairing per dayMaximum Earning per dayDistributor120 pairsPhp3,000.00Elite230 pairsPhp4,500.008.Leveling Cycle RewardsA member shall earn a leveling cycle rewards amounting to Php400.00 from 1stlevel up to the 10thlevel. 9.Pass Up RewardsA member shall earn a pass up rewards amounting to Php50.00 for every first two distributor starting from the 4thdistributor. 10.Profit SharingA qualified member shall be entitled to a proportionate share from the 10% earnings from the package and product sales of the company. Member TypeRequirementNo. of shareDistributorWith at least 5 direct distributors1 shareEliteWith at least 3 direct distributors2 shares
11.Team Products Sales RewardsA member shall earn from the repeat purchase orders [1 point value (PV) = P1.00]. Below are the respective equivalent PV for each product. Yuki Glutah10 PVNencho Slimming Capsule12 PVGlutha Kojic Soap2 PVLemon Sulfur Bar2 PVNote: To be entitled, a member must maintain 50 point value every month. Available only for Distributor and Elite Packages. Thereare schemes1involvingthe sale of securitiesto the public, the Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Section 8 of the SRC.Per recordsof the Commission, WEALTHNESS AM GLOBAL CORPORATION is registered with the Commission as a corporationwith a primary purpose of: “To engage in the business of buying, selling, and importing of food supplement, cosmetics, and electronic gadgets. Provided that the corporation shall not solicit, accept or take investments/placements from the public neither shall it issue investment contracts.” (emphasis ours)Corollarily, such registration specifically prohibitsthe companyTO ISSUE, SELL OR OFFER FOR SALE TO THE PUBLIC, SECURITIES xxxwithout a prior Registration Statementapproved by the Securities and Exchange Commission; nor to undertake business activities requiring a Secondary License from this Commissionxxx and verily, the corporationhas not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC. Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for WEALTHNESS AM GLOBAL CORPORATION in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations 1Others were possibly a violation of Section 53 of the Consumer Act of the Philippines (R.A. 7394) prohibiting the use of “chain distribution schemes.”
and recruitment through the internet may 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 such venture or offer investment contracts or securities 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).The public is advised NOT TO INVESTor STOP INVESTINGin any investment scheme being offered by any individual or group of persons allegedly for or on behalf of WEALTHNESS AM GLOBAL CORPORATION and to exercise caution in dealing with any individuals or group ofpersons soliciting investments for and on behalf of it. Violators are further 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 andregulation 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, phising, fraudulentemails, or other similar acts. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers (02) 8818-6047or send your report to the EIPD at email@example.com.For the guidance of the public.Pasay City, 02July2020