SEC Facebook

The Commission has received information that individuals or group of persons
representing
an entity named
LET’S RAISE MONEY
–
JHEN’S CREDIT COLLECTION
SERVICES
a
re
enticing the
public to invest in said entities
.
Information gathered from rep
ort
shows that
a certain
JENNIFER D. PINGAD
is
inviting the public to join
LET’S RAISE MONEY
–
JHEN’S CREDIT COLLECTION SERVICES
by investing a minimum amount of Php2,0
00.00 for
a
promise of receiving
25% interest
within 7 days.
Based on the reports
,
LET’S RAISE MONEY
–
JHEN’S CREDIT COLLECTION
SERVICES
is showing and presenting its DTI Certification as a way of enticing the public to
invest in the said entity,
Further, reports re
vealed that
LET’S RAISE MONEY
–
JHEN’S CREDIT COLLECTION SERVICES
is enticing the public to invest for a promise of receiving high return of
investment
s, subject to the company’s terms of disbursement. Below is a screenshot copy of
the subject entity’s
Letter of Agreement and Terms of Disbursement:
Moreover, it was reported that
LET’S RAISE MONEY
–
JHEN’S CREDIT COLLECTION SERVICES
promises investors with a 25 Kilos Rice Incentives and a Cash or Referral Bonus.
Below
are
some of the post
s
:
The public is hereby informed that
LET’S RAISE MONEY
–
JHEN’S CREDIT
COLLECTION SERVICES
is not registered with the Commission
as a corporat
ion or
partnership
and is
not authorized to solicit investments
from the public, not having
secured prior registration and/or license to sell securities or solicit investments as
prescribed under Section 8 of the Securities Regulation Code (SRC).
Those
who act as salesmen, brokers, dealers or agents of the said entity in selling or
convincing people to invest in the investment scheme it is being offered including soliciting
investments or recruiting investors through the internet may be held criminally l
iable 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
).
Furtherm
ore, 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.
In view thereof, the public is hereby advised to exercise caution in dealing with any
individual or group of persons soliciting investments for and on behalf of
LET’S RAISE
MONEY
–
JHEN’S CREDIT COLLECTION SERVICES
.
The public is further advised
NOT TO
INVEST
or to
STOP INVESTING
in the investment scheme being offered by the subject entity
or its representatives.
Should you have any information regarding the operation of the subject entity,
please call the Enforcement and Investor Protection Department (EIPD) at telephone
number 8818
–
6047 or email at
ep
d@sec.gov.ph
or visit the EIPD at Ground Floor, North
Wing Hall, Secretariat Building, PICC Complex, Pasay City.
For the guidance of the public.
Pasay City, 17 June 2021