CHING EMPIRETANS/CHING EMPIRE, E-AMBAG and GEEVER are NOT REGISTERED with the Commission and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public
Date Posted: 1 July 2021
The Commission was made aware of the illegal investment
taking activities of
all of which are
being run and operated by one
Ericah Cassandrah Lee Ching
Based on the information gathered from the said reports, inquiries, and data
from open sources, CHING EMPIRETANS
AMBAG and GEEVER
are apparently p
ting several investment
taking schemes which
According to the numerous reports, Ms. Analie Tuyor otherwise known as
Ericah Cassandrah Lee Ching has used these platforms in enticing people into
investing their hard earned money in the hopes to garner big profits.
ing to a Facebook post, Ching Empiretans offers a
scheme where for
P850.00 as entry fee,
a prospective investor receives two (2) bars of soap allegedly
worth P1,000.00 which he/she can resell, including audio books and access to an e
commerce website. The
prospective investor also receives a lifetime 50% reseller
discount on products.
In addition to the option to resell the said products, Ching Empiretans also offers
a direct referral bonus of P100.00, a sequence bonus of P1,200.00, Leveling and
Pairing bonus of P400.00 and P200.00, respectively. Ching Empiretans is making it
appear that the possibility of lucrative income is infinite which makes this investment
taking scheme very enticing to the investing public.
on the other hand
ers a straightforward 180% profit after 45 days.
The prospective investor may choose to invest a capital from P500.00 up to
P100,000.00 which will allegedly earn a 4% daily profit or a 180% profit after 45 days.
It is notable that E
Ambag’s slogan is
which directly translates to ‘Contribute, relax, encash’ otherwise known as IWE or
Invest, Wait & Earn. E
ambag uses this slogan to entice prospective investors in
earning big profits effortlessly.
GEEVER, on the other ha
nd, offers profits in exchange for ‘donations.’ The
taking scheme propagated by GEEVER is in the form of donation but in
reality it really is an investment contract. The prospective investor or ‘donor’ is given a
choice to invest an amount from
P1,000 to P5,000.00 where they are promised 5%
profit per day for 40 days or a total of 200% profit in 40 days. The prospective investors
are further given a chance to earn more profits by direct referral system which offers
a 30% bonus apart from the prom
ise of 200% in 40 days.
Essentially, the income generated from the foregoing compensation plans
depends on the number of referrals and/or membership fees received by the entities.
taking schemes proliferated by Ching Empiretans/Ching E
Ambag and Geever is a Ponzi Scheme where the ‘income’ given to the initial investors
are taken from the subsequent investors. This business model is unsustainable and
will inevitably result in the demise of the business which directly results in t
of the investors.
taking schemes employed by Ching
Ambag and Geever
investment contracts as they involve the
offering and sale of securities to the public where their investors need n
ot exert any
effort other than to invest or place money in its scheme in order to earn profit.
AMBAG and GEEVER
must be duly registered with the Commission and that any person or entity intending
to offer and sell its investment contract are required to secure the necessary
registration and/or license from the Commission as well.
Power Homes Unlimited vs. SEC
(G.R. No. 164182,
February 26, 2008).
CHING EMPIRETANS /CHING E
with the Commission
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)
Hence, the public is advised
NOT TO INVEST
taking scheme offered by
CHING EMPIRETANS /CHING EMPIRE, E
or such other entities engaged i
without the necessary licenses and/or authority.
Accordingly, the Commission warns all unscrupulous individuals and/or entities
strict penalties are imposed for violations of the Securities Regulation Code,
the Revised Cor
poration Code, and such other rules and regulations enforced
by the Commission
Those who act as salesmen, brokers, dealers or agents of
entities like the operators of the
CHING EMPIRETANS /Ching Empire, E
’s Facebook group
Ambag.com and www.Geever.app
in selling or
convincing people to invest in their investment scheme offered including solicitations
and recruitment through the internet may likewise be criminally
penalized with a maximum fine of Five Million pesos (P5,000,000.00) or a penalty of
one (21) years of imprisonment or both pursuant to Sections 28 and 73 of the
In the same manner, those who invite or recruit others to join or invest in such
venture or offer investment contracts or securities to the public similar to
who poses as
ERICAH CASSANDRAH LEE CHING
and the operators of the
ing Empire, E
Facebook Page and Geever’s
and the websites
, may incur
liability, or otherwise be sanctioned or penalized
accordingly as held by the Supreme Court in the case of
SEC vs. Oudine Santos
No. 195542, 19 March 2014).
The names of all those involved will also be reported to the Bureau of Internal
R) so that the appropriate penalties and/or taxes be assessed
Should you have any information regarding any investment solicitation activity
by any individual or group of individuals representing
CHING EMPIRETANS /CHING
, please send your report to the EIPD at
For the guidance of the public.
01 July 2021