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ASENSO BUSINESS GROUP TRADING INC
ASENSO BUSINESS GROUP TRADING INC., is not authorized to solicit investments from the public

Date Posted: 3 November 2022

ASENSO BUSINESS GROUP TRADING INC

ASENSO BUSINESS GROUP TRADING INC

SEC Facebook

The Commissionhas received information that
individual
s
or group of persons
representing an entity named
ASENSO BUSINESS GROUP TRADING INC.,
operated by its
CEO,
Lorenzo Morenencia
are
enticing the public to invest their money in the said entity with
the promise of high monetary rewards or profits.
Based on the reports from the public,
ASENSO BUSINESS GROUP TRADING INC.,
is
enticing the public to invest in the said entity
for a promise
of receiving a guaranteed
cashback rebate by purcha
sing any of the following plans:
a.) Pioneering Plan for
a capital of
Php500

Php900;
b.) Premium Plan for a c
apital of Php1,000

Php4,999;
c.) Deluxe Plan for
a ca
pital of Php 5,000

Php 50,000;
and d.
) VIP Account Plan for a capital of Php 50,000

and above. It was further reported that
ASENSO BUSINESS GROUP TRADING INC.,
is circulating
a
tampered
SEC Certificate of Registration to make it appear that
it is
autho
rized to solicit
investments
as a
way of enticing the public to invest in
it
, The public is hereby informed that
ASENSO BUSINESS GROUP TRADING INC.,
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 e
ntity 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 liable under
Section 28 of the SRC and penalized with a maximu
m 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.
In view thereof, the public is hereby advised to exercise caution in dealing with any
individual or group of persons soliciting investments for an
d on behalf of
ASENSO BUSINESS
GROUP TRADING INC.
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
[email protected]
or visit the
EIPD at
The SEC Headquarters,
7907 Makati Avenue, Bel

air, Makati City. Information gathered from the Facebook (FB) Page of
ASENSO BUSINESS GROUP
TRADING INC.,
shows that the said entity thru its President / CEO Lorenzo Morenencia has
been inviting the public to i
nvest for a promise of earning a guaranteed 40% profits in 12
days plus a d
aily bonus reward of up to 18%.