SEC Facebook

This ADVISORY is prompted by reports and information gathered by the Commission
that individuals or group of persons representing
LLAMADISTA ONLINE SABONG CAPITAL
/LLAMADISTA /LLAMADISTA.COM
which is being operated
by
FERDINAND SALANTES
is
enticing the public to invest in said entity.
Based on reports from the public and as posted on
social media and the
website
of
LLAMADISTA ONLINE SABONG CAPITAL
/LLAMADISTA /LLAMADISTA.COM,
the latter
is enticing the public to invest in the said entity with
a minimum amount of
One Thousand Pesos (Php1,000.00)
with
a promise of
a
Five Percent (5
%)
daily
payout for 4
2 days
or Two Hundred Ten Percent (210%) return of investment
in 42 days.
An investor ca
n also earn through direct referral of investors
.
The
scheme
of
LLAMADISTA
ONLINE
SABONG
CAPITAL
/LLAMADISTA
/LLAMADISTA.COM
partakes of
offering and sale of securities
in the form of investment
contracts to the public as its investors need not exert any effort other than to invest or place
monies in its operation in order
to receive profits.
T
he Securities Regulation Code (SRC) requires that
the
offer and sale of securities
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.
However, b
ased on the Commission’s da
tabase,
LLAMADISTA ONLINE SABONG
CAPITAL
/LLAMADISTA /LLAMADISTA.COM
is
NOT REGISTERED
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)
.
LLAMADISTA ONLINE SABONG CAPITAL /LLAMADISTA /LLAMADISTA.COM
is also
NOT
REGISTERED
either as a crowdfunding intermediary or a fundin
g portal under SEC Memorandum
Circular No. 14, Series of 2019 or the
Rules and Regulations Governing Crowdfundin
g.
Further, the scheme employed by
LLAMADISTA ONLINE SABONG CAPITAL
/LLAMADISTA /LLAMADISTA.COM
which claims to use the investments collected in a crowd
funding format for gambling specifically in cockfighting, shows
indication of a possible
“Ponzi Scheme”
where
monies from new investors are used in paying “fake profits” to prior
investors
and is de
signed 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”
which is fr
audulent 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 to
STOP
INVESTING
in the investment
scheme being offered by
LLAMADISTA ONLINE SABONG CAPITAL
/LLAMADISTA
/LLAMADISTA.COM
and its
representatives.
Accordingly, the Commission warns all unscrupulous individuals and/or entities that
strict penalties are imposed for
v
iolations of the
Securities Regulation Code, the
Revised Corporation Code, and such other rules and regulation enforced by the
Commission
.
T
hose who act as salesmen, brokers, dealers or agents of
LLAMADISTA ONLINE
SABONG CAPITAL
/LLAMADISTA /LLAMADISTA.COM
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
).
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.
Should you have any information regarding the operation of
LLAMADISTA ONLINE
SABONG CAPITAL
/LLAMADISTA /L
LAMADISTA.COM
and its representatives,
please send
your report through email at epd@sec.gov.ph
For the information and guidance of the public.
Pasay City, 25 May
2021.