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iWATCH.PH CORPORATION (iWATCH.PH)
iWATCH.PH is not authorized to solicit investments from the public as it did not secure prior registration and/or license to solicit investments from the Commission

Date Posted: 20 April 2021

IWATCH

IWATCH

SEC Facebook

The Commission has received information that individuals or group of persons
representing
iWATCH.PH
CORPORATION
(i
WATCH.PH
)
headed by
Jerome
Operio, Reiner Cadiz
and
Joseph Regalario
are
allegedly
enticing the public to
invest
in the said entity
online or through the internet.
As posted in its website,
i
WATCH.PH
is an

online business that gives Filipinos
a
lifetime reason to earn in 20 different ways and with multiple features, giving them
no excuses to have nothing coming in to have a greater life even further.

Based on the information gathered,
a prospective investor should pay an
amount of Php2,188.00
to become a member
and
can enjoy different ways
to earn as
an iW
atcher
.

i
tokens are
used for watching videos

1 itoken is equivalent
to
Php10.00 that will go to the investor’s
Ads Wallet.

i
credits are
used for sharing videos

1 icredit
is equivalent to
Php1.00 that will go to
the investor’s
Available Balance.

In
i
WATCH.PH
there are three types of wallet on the dashboard

Ads Wallet, Available Balance and Pending.
o
2
icredits every day

a
member/iW
atcher will receive 2
icredit
s every day aside from the
initial 50 icredits.
o
625
itokens

a
member/iW
atcher will receive
25 itokens per day for 25 days.
o
Dir
ect Referral Bonus

a member/iW
atcher will receive Ph
p200.00 pesos from the
company
and Php500.00 will be deducted from
his
Ads Wallet
which
will
be
transfer
red
to his
available balance.

T
he Ads Wallet of a member/iW
atcher will not be converted into cash if
he/she was not able to recruit.
o
Leadership Bonus

a
member/iW
atcher
will
receive 8
itoken
s
for every
recruit
convertible
to
Php5
.00 per token.
o
Salesmatch Bonus

a
member/iW
atcher will receive
Php200.00 for every pair of a
member’s binary structure and
a
corresponding
voucher
o
Maintenance Bonus

a
member/iW
atcher
will pay
Php1,500.00 to get another
100 itokens once a member
already utilized and converted
all the remaining balance in
his/her Ads Wallet to Available
Balance.
o
Repeat Dir
ect Referral Bonus

a
member/iW
atcher
will
receive Php300.00 for every
Maintenance Bonus paid by a
member’s direct referral.
o
Unilevel
Bonus

a
member/iW
atcher will receive
Php30.00
for
every
Maintenance Bonus paid by a
member’s indirect referral but
under his/her own stru
c
ture.
The public is hereby advised to exercise
due care and
caution in inve
sting their
money in this type
of sc
heme being offered by
i
WATCH.PH
and/or its agents
.
In the
instant case, the scheme of
i
WATCH.PH h
as the characteristics of a Pyramid scheme.
The Pyramiding scheme involves securities because for payment of a sum of money,
often nominal, the investor participates in a recruitment scheme that promises a
stream of profits. The scheme that requires recrui
tment in a two

pronged structure
takes the form of a pyramid, one that grows wider at the bottom, and thrives with the
supply of new recruits to the scheme. Here, the recruitment fees collected from new
recruits are used to pay the recruiting commissions t
o earlier recruits.
As the
scheme
of
iWATCH.PH
involves the sale of securities to the public, the
SRC
requires that the issuing entity must be a registered corporation with the
SEC
,
the said securities offered are duly registered and that the appropriat
e license and/or
permit to
offer and
sell securities to the public are issued to the corporation and/or its
agents, pursuant to the provisions of
S
ection
s 8 and 28 of the SRC.
Records of the Commission show that while
iWATCH.PH
CORPORATION
is
registered
with the Commission as a corporation
,
it is
not authorized to solicit
investments from the public
as it did not secure prior registration and/or license to
solicit investments from the Commission as prescribed under Section 8 and 28 of the
SRC.
Those who
act as salesmen, brokers, dealers or agents of
i
WATCH.PH
in
sell
ing or convincing people to invest in their investment schemes including solicitation
or recruitment through the internet
may
likewise
be
prosecuted,
held criminally liable
and pena
lized with a maximum fine of Five Million Pesos (Php5,000,000.00) or a
maximum penalty of Twenty

One (21) years of imprisonment 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 so that the appropriate penalties and/or taxes will be correspondingly
assessed.
The public is advised
NOT TO INVEST
or
STOP INVESTING
in any investment
scheme being offered by any indi
vidual or group of persons allegedly for or on behalf of
iWATCH.PH
and to exercise caution in dealing with any individuals or group of persons
soliciting investments for and on behalf of it.
The Commission urges anyone who has knowledge or information about any
business transaction
of
i
WATCH.PH
and/or its agents
to report such activity
to
the
Enforcement and Investor Protection Department at
[email protected]
.
For the guidance of the public
.
Pasay City, 20 April 2021