SEC Facebook

This ADVISORY is prompted by reports and information gathered by the
Commission that individuals or group of persons representing MOVIE DADDY are
enticing the public, through social media platforms or through an independent website
to invest in said entity. Based on its website, MOVIE DADDY claims to be a novel platform that gives an
opportunity to earn extra income online while watching and rating movie trailers.
MOVIE DADDY further claims that it aims to be one of the most trusted
recommendation resources for quality entertainment.
MOVIE DADDY represents that it collects profiles of movie fans and learn their
individual tastes. It then uses these data to run highly efficient trailer campaigns for
distributors, studios and video on-demand services. It also runs retargeting campaigns
on YouTube, Facebook, Instagram, Tiktok and other platforms where it spends time
discovering new content. It claims that its fans in turn, get cash rewards on a
“Revshare” model the more they engage with its platform. To keep its members
entertained and also earn all year through, they stay up-to-date with whats hot & new
on the screens. Their further message is “So Don’t get bored & start getting paid today
with Moviedaddy while you find your favorite movies and TV shows.” As posted on MOVIE DADDY’s Website, you can invest with it by registering
first, then you can choose from any of the following nine (9) Subscription Plans or
Level with corresponding tasks by simply watching the trailer video for sixty (60)
seconds good for one (1) year:
(1) Baby Bear Plan worth 40 USD;
(2) Mama Bear Plan worth 100 USD;
(3) Papa Bear Plan worth 250 USD;
(4) Upcoming Star Plan worth 478.00 USD;
(5) Silver Star Plan worth 675.00 USD;
(6) Master Plan worth 898.00 USD;
(7) Expert Plan worth 1,400.00 USD;
(8) Veteran Plan worth 1,995.00 USD; and
(9) Legend Plan worth 2,990.00.
Investor can earn from 48 USD up to 3,600 USD monthly depending on their
subscription plans. An investor can also earn from referral bonus of 5% for every
upgrade.
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 MOVIE DADDY.
As such, the Securities Regulation 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, MOVIE DADDY, 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 investment contracts and other forms of securities defined under
Section 3 of the Securities Regulation Code (SRC).
Further, the scheme employed by MOVIE DADDY, 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 NOT TO INVEST or to STOP
INVESTING in the investment scheme being offered by MOVIE DADDY, and its
representatives.
Those who act as salesmen, brokers, dealers or agents of MOVIE DADDY, 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).