SEC Facebook

The Securities and Exchange Commission (“Commission”) has received information that
individuals or group of persons of person representing ADSCITY NATION/ADS CITY
NATION/ADSCITYNATIONPH have been soliciting investments from the public.
Based on information gathered by the Commission, ADSCITY NATION/ADS CITY
NATION/ADSCITYNATIONPH through its President/Owner Mr. Noel Tamagos is
enticing the public to invest their money in ADSCITY NATION/ADS CITY
NATION/ADSCITYNATIONPH where a person can earn through watching video ads.
This scheme appears to be operated by ADSCITY ADVERTISEMENT MARKETING
under its DTI Business Certificate No. 3532302 issued on 26 January 2022 operated by
NOEL BATOY TAMAGOS JR.
A video publicly available in Facebook showed Mr. Tamagos promoting the ADSCITY
NATION subscription plans, to wit: 1) ALPHA and 2) BETA plans. These plans were
subdivided into categories namely: 1) Apprentice; 2) Novice; 3) Elite; and 4) Executive
where investors need to pay/invest amounting to either Php500.00, Php5,000.00,
Php50,000.00, and Php100,000.00, accordingly to the chosen plan. Investors after placing
their monies are required to watch, allegedly, advertising videos which are available in
ADSCITY NATION’s platform in 35 days. In turn, the investor would receive profit ranging
from Php1,750.00 up to Php 175,000.00 or an income from 75% to as high as 250% in
just 35 days.
After sometime, ADSCITY NATION’s programs (ALPHA and BETA plans) were later
re-branded/merged into META subscription plans. Examination of these plans would
show an increase in the guaranteed income in a shorter period to continue to entice the
public, that is, earnings of 200% in just 15 days.
All the investment and monthly trade profit share can be viewed in the ADSCITY
NATION website.
To register, the prospective-clients were instructed to do the following:
and to pay thru the following banks: Metrobank, Union Bank of the Philippines and
GCASH under the account name of Noel Batoy Tamagos Jr or Noel Tamagos.
Further, investors of ADSCITY NATION are further enticed by rewarding those who
publicly offered ADSCITY NATION scheme through its different ways to earn additional
profits through the following schemes: 1) referral income (50% for each referral) and 2)
Indirect referral (1% bonus infinite).
It even offered a series of programs to acquire fresh new capital:
It appears that other than its public offering in a number of social media pages,
ADSCITY NATION/ADS CITY NATION/ADSCITYNATIONPH seems to operate
https://adscitynation.com/login.aspx.
The categories/plans offered by ADSCITY NATION/ADS CITY
NATION/ADSCITYNATIONPH clearly falls under the definition of investment contracts
which is mandated by Republic Act No. 8799 or the Securities Regulation Code of the
Philippines to be registered with the Commission before these securities are offered to the
public.
ADSCITY NATION/ADS CITY NATION/ADSCITYNATIONPH is not authorized to
solicit investments from the public as it is NOT REGISTERED with the Commission and
cannot therefore secure prior registration and/or license to solicit investments from the
Commission as prescribed under Section 8 of the Securities Regulation Code.
Accordingly, those who invite or recruit other people to join or invest in this venture
or offer investment contracts or securities to the public may be held criminally liable under
Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P 5,000,000.00)
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).
The public is hereby warned that such investment schemes are considered as
securities subject to the regulatory authority of this Commission. The offering and selling
of securities to the public without a permit or license is a violation of Section 8.1. of the
Securities Regulation Code.
In view thereof, the public is hereby advised to exercise caution before investing in
these kinds of activities and to take the necessary precautions in dealing with ADSCITY
NATION/ADS CITY NATION/ADSCITYNATIONPH and its representatives and to any
entities having the same/similar scheme/s. In view thereof, the public is further advised
NOT TO INVEST or TO STOP INVESTING in any investment scheme being offered by
aforesaid entities/individuals.
Should you have any information regarding the operation of the subject entity,
please call the Enforcement and Investor Protection Department at telephone numbers
8818-6047 or send your report to the EIPD at epd@sec.gov.ph.
For the guidance of the public.
Pasay City, 31 March 2022