SEC Facebook

Th
is ADVISORY is prompted by reports and information gathered by the
Commission
that individuals or group of persons representing
BIG BOSS MARKETING
which is
owned/
operated by a certain
“SONNY
GALVEZ QUETO”
and with Facebook admin
“BHEVS
SANCHES”
is enticing the public to invest in said entity
.
BIG BOSS MARKETING
, is
enticing the public to invest in the said entity
with a
promise of a 100%
or double
–
your
–
money in just 25
days.
An investor can also earn
10%
from
direct referral commission or 1% indirect referral commission up to the 10
th
level and monthly
profit sharing bonus.
The scheme of
BIG BOSS MARKETING
is
an
offering and sale of securities in the form
of investment
contracts to the public because its investors need not exert any effort other
than to invest or place monies in its operation in order to derive income therefrom.
As such, the Securities Regulation Code (SRC) requires that said offer and sale of
securitie
s must be duly registered with the Commission and that the concerned entity
and/or its agents should have the appropriate registration and/or license to sell such
securities to the public.
Based on the Commission’s database,
BIG BOSS MARKETING
is
NOT REG
ISTERED
as a corporation or partnership
and
OPERATES WITHOUT THE NECESSARY LICENSE
AND/OR AUTHORITY
to solicit, accept or take investments/placements from the public nor
to issue investment contracts and other forms of securities defined under Section 3 of
the
Securities Regulation Code (SRC)
.
Further, the scheme employed by
BIG BOSS MARKETING
shows indication of a
possible
“Ponzi Scheme”
where
monies from new investors are used in paying “fake profits”
to prior investors
and is designed mainly to favor its top recruiters and prior risk takers and
is detrimental to subsequent members in case of scarcity of new investors.
The offering and selling of securities in the form of investment contracts using the
“Ponzi Scheme”
w
hich is fraudulent and unsustainable, is
NOT
a registrable security. The
Commission will not issue a License to Sell Securities to the Public to persons or entities that
are engaged in this business or scheme.
In view thereof, the public is hereby advised
NOT TO INVEST
or
to
STOP INVESTING
in the investment scheme being offered by
BIG BOSS MARKETING
and its
representatives.
Those who act as salesmen, brokers, dealers or agents of
BIG BOSS MARKETING
in
selling or convincing people to invest in the investment scheme being offered by the said
entity including soliciting investments or recruiting investors through the internet may be
held criminally liable under Section 28 of the 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
).
Should you have any information regarding the operation of
BIG BOSS MARKETING
and its representatives,
please send your report through email at
epd@sec.gov.ph
.
For the information and guidance of the public.
Pasay City, 05 October 2021