SEC Facebook

This ADVISORY is prompted by
inquiries and
complaint
s
with regard to
the solicitation
activities of
one
DANEA RUBY CARDONES SOLMAYOR.
Ba
sed on the information gathered
,
Ms.
DANEA RUBY CARDONES SOLMAYOR
appears to be engaged in investment
–
taking activities not authorized by the Commission.
Reportedly,
DANEA RUBY CARDONES SOLMAYOR
is engaged in clothing business
under
DTI registered business name,
Danea Clothing Wholesaling,
and other trade
names such as Mane Overruns, Must Have Online Shop, Mane Investments, and Mane
Emergency Loans.
She
lured the
victims
with great return of investment evidenced by
written investment contracts.
Specifically, under the
Normal Exclusive In
vestment Scheme,
an initial
investment of
Php25,000.00 guarantees a total return of Php30,000.00 (20%);
Php100,000.00 promised a total return of Php150,000.00 (50%) with a lock in
period of one month and expected weekly return of investment. Moreover, a
No
rmal Initial Investment
of Php25,000.00 guarantees Php27,500.00 (10%);
Php100,000.00 to Php125,000.00 (25%) return of investment in one week
.
Furthermore, there is an additional
commission fee
ranging from Php500.00 to
Php5,000.00 for required Referrals. Likewise,
DANEA RUBY CARDONES SOLMAYOR
offered
double the amount
of investment or 100% interest either in a month or a week
for Exclusive VIP Member who has Php1,000,000.00 to Php2,000,000.00 o
r more.
Based on the Commission’s database,
the name
DANEA RUBY CARDONES
SOLMAYOR
is
NOT
registered with the Commission either as a corporation or as a
partnership. Further,
DANEA RUBY CARDONES SOLMAYOR
it is
NOT AUTHORIZED
to
solicit investments/placements from the public nor to issue investment contracts and
other forms of securities since
she has not secured prior registration and/or license from
the Commission as prescribed under Sections 8 and 28 of the Securities Regul
ation Code
.
The public is hereby advised
NOT TO INVEST
or
STOP INVESTING
in any
investment scheme being offered by
DANEA RUBY CARDONES SOLMAYOR
or
any
individual or group of persons allegedly for or on behalf of
DANEA RUBY CARDONES
SOLMAYOR
and to exercise caution in dealing with any individuals or group of persons
soliciting investments for and on
her behalf.
Those who act as salesmen, brokers, dealers or agents of
DANEA RUBY
CARDONES SOLMAYOR
in selling or convincing people to invest in t
he investment
scheme being offered by
her
including solicitations and recruitment through the internet
may likewise 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 liab
ility, 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 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.
This Department is taking
appropriate action against unauthorized investment
taking activities and investment scams. Hence, if you have been approached to join and
invest in an entity which does not have the proper authority to solicit
investments/placements from the public,
we enc
ourage you to cooperate with us
immediately report these activities to the
ENFORC
E
MENT AND INVESTOR
PROTECTION DEPARTMENT
through email
at
epd@sec.gov.ph
For the guidance of the public.
Pasay City,
2
6
October
2021