SEC Facebook

Based on the information gathered by the Commission,
the investment
–
activities of
Massdrop Marketing and Franchising
OPC
headed by
EDGAR
JOSEPH TAN, a.k.a. EJJ TAN
is bei
ng continued under the name of
MDM
VENTURES CORPORATION
with
RENATO A. SISMUNDO, JR.,
EDUARDO
B. MALLARI, JR.
,
and
ROEL B. DUYA
as
its
supposed
incorporators/directors/stockholders
Based on the information received by this Commission
,
MDM
VENTURES CORPORATION
entices the public to invest online or throu
gh the
internet to become a member thereof with
a minimum investment
similar to
Massdrop
of Php1,000.00
with a
20% return every month for 3 months and
on the 3
rd
month the member receives
his
P1,000 investment plus the 20%
profit or a total of 160% in 3 months.
Page
2
Based on records,
MDM VENTURES CORPORATION
and
MASSDROP MARKETING
AND FRANCHISING
OPC
both have the same
principal office at
Unit 206 BFCT KM. 1
–
Marcos Highway
–
Calumpang, City
of
Marikina, Second District, NCR
.
However
,
per post of Massdrop’s president
,
EJJ Tan in his F
acebook
account,
MDM VENTURES CORPORATION
has moved to its new office at
104 Shaw Blvd., Pasig City
.
Page
3
Accordingly, a member
of
MDM VENTURES CORPORATION
need
only to
invest, wait, and earn without having to do anything.
As the above
–
described schemes involved the sale of securities to the public,
the Securities Regulation Code (SRC) requires that these securities are duly
registered
and that the concerned corporation and/or its agents have appropriate
registration and/or license to sell such securities to the public pursuant to Section 8
and 28
of the SRC.
While
MDM VENTURES CORPORATION
was registered with this
Commission
as a corpora
tion
, however, it is to be noted that the issued Certificate of
Registration explicitly highlighted that: “
This Certificate DOES NOT AUTHORIZE
INVESTMENT SOLICITATION AND INVESTMENT
–
TAKING WITHOUT A
SECONDARY LICENSE FROM THIS COMMISSION
.” Consequently,
MD
M
VENTURES CORPORATION has not secured secondary license from this
Commission to offer and/or sell securities to the public.
Page
4
Further
, those who act as salesmen, brokers, dealers or agents or claim to act
as such for
MDM VENTURES CORPORATION
in selling or
convincing people to
invest in the investment scheme being offered by said entity including solicitations
and recruitment through the internet may be prosecuted and held criminally liable
under Section 28 of the SRC and penalized with a maximum fine of Fi
ve 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 liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the
cas
e of
Securities and Exchange Commission vs. Oudine Santos
(G.R. No. 195542,
19 March 2014).
The public is advised
NOT TO INVEST
or
STOP INVESTING
in any
investment scheme being offered by any individual or group of persons allegedly for
or on behalf of
MDM VENTURES CORPORATION
and to exercise caution in
dealing with any individuals or group of persons soliciting investments for and on
behalf of it.
Should you have any information regarding the operation of the subject entity,
please call the Enforcem
ent and Investor Protection Department at telephone
numbers (02
) 8818
–
6047 or send your report
to the EIPD at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
24 June 2021