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BEASTNESSALLDAY CORPORATION
BEASTNESSALLDAY CORPORATION IS NOT AUTHORIZED to solicit investment/placements from the public

Date Posted: 3 February 2022

BEASTNESSALLDAY CORPORATION

BEASTNESSALLDAY CORPORATION

SEC Facebook

Based on numerous reports and information gathered by the Commission, a
n
entity operating under the name
BEASTNESSALLDAY CORPORATION
, founded and
operated by
one
ANGELO DIEZ PARIAN
,
was
found to be engaged in
unauthorized
investment

taking activities in the Philippines and
overseas
,
apparently
victimizing
innocent and hard

working Overseas Filipino Workers. To show:
The instant case stemmed from
numerous reports and inquiries received by the
Commission from the public regarding the illegal investment

taking activities of
BEASTNESSALLDAY CORPORATION
.
Based on
information received and
gathered
by
the Commission,
BEASTNESSALLDAY CORPORATION
is offeri
ng
and enticing
the
public, especially Overseas Filipino Workers in Qatar, to invest a minimum amount of
3500QR/ Php 50,000.00/ 1200
D
ollars, complete with contract agreement for
5 months, in exchange for a promis
ed
10% to 12% return of investment per
month which will be given
on
the last month of the effectivity of the
agreement
.
As shown:
BEASTNESSALLDAY CORPORATION
claims that it
is engaged in investment
s
,
sale of gadgets, real or personal
properties, sale of luxury vehicles, and branded shoes
and apparels. Its
founder
,
Mr. Angelo Diez Parian
, also claims that even in times of
pandemic,
BEASTNESSALLDAY CORPORATION
still gives income
on time.
They also
claim that their investment business yie
lds pure results rather than false hopes or
promises.
“Walang Pilitan sino lang me gusto” or “we don’t force people to
invest”
is one of their few tag lines in order to encourage more victims to invest in their
company.
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 prominent in
BEASTNESSALLDAY CORPORATION’s
scheme.
Hence, since
the scheme of
BEASTNES
SALLDAY CORPORATION
involves the
offering and sale of securities, in the form of investment contracts, to the public where
investors are deemed investing in
it
s
enterprise
and are led to expect profits therefrom
even without doing anything,
the SRC requires that such securities must be duly
registered with the Commission and that
BEASTNESSALLDAY CORPORATION
must
also secure the necessary registration and/or license to offer and/or sell the same as well
.
Though
BEASTNESSALLDAY CORPORATION
is registered with the
Commission
as a corporation
,
IT IS NOT AUTHORIZED
to solicit
investment/placements from the public nor to issue investment contracts and other forms
of securities
as defined under the Securities Regulation Code (SRC)
since
it has not
secured prior registration and/or license from the Commission as prescribed
under Sec. 8 and 28 of the
(SRC)
.
It must be emphasized that its primary registration
with the Commission does not
carry with it the license to solicit investments from the public.
T
he issuance of a Certificate of Incorporation only grants
an
entity juridical
personality but
does not constitute an authority or license for the corporation
to engage
in activities such as solicitation of investments, issuance of investments contracts, offering
and sale of investment contracts that require a secondary license
from the SEC
.
The
public is remined that any offer or promise of ridiculous rates of return with
little or no risk similar to the scheme of
BEASTNESSALLDAY CORPORATION
is an
indication of a possible

Ponzi Scheme”
which is defined as an investment fraud that
involves the pa
yment of purported returns to existing investors from funds contributed
by the new investors. They often recruit new investors by promising to invest their funds
in opportunities claimed to generate high returns of investment. Thereafter, if there will
be
difficulties in recruiting new investors or when a large number of existing investors opt
to cash out, the Ponzi scheme will collapse or result in a total breakdown and the new
investors at the bottom of the line of the pyramid will not receive their retur
ns anymore.
The public is again
informed that
the offering and sale of such securities in the form
of investment contracts using the
“Ponzi Scheme”
is fraudulent and unsustainable and
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
.
Hence, the
public is strongly advised
NOT TO INVEST
or
STOP INVESTING
in
any scheme offered by
BEASTNESSALLDAY CORPORATION
or such other entities
similarly engaged in investment contracts without prior
registration from the
Commission.
The public is again reminded that investing in such an unregulated entity lacks
investor protection because it is not covered by prudential a
nd market conduct
requirements applicable to licensed and authorized operations.
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
.
Those who act as salesmen, brokers, dealers or agents of
such unauthorized
entities like the operators of the Facebook Page or other similar social media of
BEASTNESSALLDAY CORPORATION
in selling or convincing people to invest in their
investment scheme offered including solicitations and recruitment through the internet
may likewise be
criminally prosecuted and penalized with a maximum fine of
Five Million pesos (P5,000,000
.00) or a penalty of Twenty

one (21) years of
imprisonment or both pursuant to Sections 28 and 73 of the SRC.
In the same manner, those who invite or recruit others to join or invest in such
venture or offer investment contracts or securities to the publ
ic similar to and the
operators of the
BEASTNESSALLDAY CORPORATION
may incur criminally liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the
case of
SEC vs. Oudine Santos
(G.R. No. 195542, 19 March 2014).
The
names of all those involved will also be reported to the Bureau of Internal
Revenue (BIR) so that the appropriate penalties and/or taxes be assessed
correspondingly.
Should you have any information regarding any investment solicitation activity by
BEASTNESSALLDAY CORPORATION
or
any individual or group of individuals
representing
BEASTNESSALLDAY CORPORATION
, please send your report to the
EIPD at epd@sec.gov.ph