SEC Facebook

This ADVISORY is prompted by reports and information gathered by the
Commission that individuals or group of persons representing
S AMZ SHOP/s amz
shop
is enticing the public, through social
media platform or through its own
independent website
(
https://metrokf.com/index/user/login.html
)
,
to invest in sai
d
entity.
As posted
on
its w
ebsite
,
invest
ors can join
by registering first, then
they
can
choose from any of the six (6)
Levels
w
ith corresponding
task
s:
Level 1
worth
Php
2
00
.00
,
Level 2 worth Php500
.00
, Level 3 worth Php1
,000.00
, Level 4 worth
Php5
,000.00
, Level 5 worth Php10
,000.00
and
Level 6
wo
rth Php50
0,000.00
accordingly.
I
nvestor
s
can earn
100% or double their money after c
ompleting the task
s.
I
nvestor
s
can also earn from 16% first level agency commission, 8% 2
nd
level agency
commission and 4% for third level agency commission. And lastly,investors need to
recruit 10 investors to complete the task.
Briefly, an “
investment
contract”
exists when there is an investment or placement
of money in a common enterprise with a reasonable expectation of profits to be derived
from the efforts of others
which is prominent in
the scheme of
S AMZ SHOP/s amz
shop
As such, the Securities R
egulation Code (SRC) requires that said 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.
Based on the Commission’s database,
S AMZ SHOP/s amz shop,
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 invest
ment contracts and other
forms of securities defined under Section 3 of the Securities Regulation Code (SRC)
.
Further, the scheme employed by
S AMZ SHOP /s amz shop
,
shows indication of
a possible
“Ponzi Scheme”
where
monies from new investors are used in
paying “fake
profits” to prior investors
and is designed 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 investm
ent contracts using
the
“Ponzi Scheme”
which is fraudulent 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 vi
ew thereof, the public is hereby advised
NOT TO INVEST
or
to
STOP
INVESTING
in the investment scheme being offered by
S AMZ SHOP/s amz shop
,
and
its
representatives.
Those who act as salesmen, brokers, dealers or agents of
S AMZ SHOP /s amz
shop
,
in sellin
g 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 Bu
reau of
Internal Revenue (BIR) so that the appropriate penalties and/or taxes be
correspondingly assessed.
Should you have any information regarding the operation of
S AMZ SHOP /s amz
shop
,
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 November 2021