SEC Facebook

In response to numerous reports received by the Commission regarding the
activities of FUTURE FARMING ICD, the Commission wishes to inform the public that
FUTURE FARMING is NOT REGISTERED as a corporation or partnership and is NOT
AUTHORIZED to solicit, accept or take investments from the public nor to issue
investment contracts and other forms of securities defined under Section 3 of the
Securities Regulation Code (SRC) since it does not have a secondary license issued by
the Commission to solicit investments or other securities from the public for whatever
purpose as prescribed under Sections 8 and 28 of the SRC.
FUTURE FARMING is an app/webpage application/virtual farm where investors
grow, harvest and sell their products such as Vegetables, S-Vegetables and Chickens
with corresponding tasks.
Before the would-be investors can start
growing their vegetables and chickens in their
virtual farms, they need to have a Binance
account where their profits will be reflected. At
least $10 is the required account balance.
Initially, an investor can start investing in
Vegetables for as low as $10 to purchase 0.5kg of
seeds. To earn, the investor needs to complete
the task by watering the vegetables three (3)
times a day for 3 days, between 9am to 9pm, with
the interval of three (3) hours. Your $10 will
turn to $11 or 10% of your investment after
three (3) days.
The second product is the S-vegetables
priced at $70 for 5kg of seeds. You are tasked to
water the plants three (3) times a day for ten (10)
days with the interval of three (3) hours between
9am to 9pm. After ten (10) days, your $70 will
turn to $90 or 29% of your investment.
Lastly, you can also invest in their chicken
products. Purchase 200 chickens for $600, feed
them three (3) times a day with the interval of three (3) hours between 9am to 9pm. In
thirty (30) days, your $600 will turn to $1400 or 133% of your investment.
The scheme of FUTURE FARMING ICD partakes of the nature of offering and sale of
securities in the form of investment contracts to the public.
The SRC requires that the 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.
Further, the scheme employed by FUTURE FARMING, 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 investment 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 view thereof, the public is hereby advised to exercise caution in dealing with
any individual or group of persons soliciting investments for and on behalf of FUTURE FARMING ICD. The public is further advised NOT TO INVEST or STOP INVESTING in any
investment scheme being offered by aforesaid entities/individuals.
Those who act as salesmen, brokers, dealers or agents of FUTURE FARMING ICD, in
selling 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 Bureau of
Internal Revenue (BIR) so that the appropriate penalties and/or taxes be
correspondingly assessed.
Lastly, the public is hereby informed that FUTURE FARMING ICD based in Pandi, Bulacan are NOT
AFFILIATED with Future Farming based in Dubai, founded by ICD (Dubai Investment
Corp.) and Grain Corp. (Ausralian Grain Co., Ltd.).
Should you have any information regarding the operation of FUTURE FARMING ICD,
and its representatives, please send your report to the Enforcement and Investor
Protection Department (EIPD) at epd@sec.gov.ph.
For the information and guidance of the public.
Pasay City, 25 January 2022