SEC Facebook

The Securities and Exchange Commission (“Commission”) has received
information that individuals or group of persons representing
MULTI FORTUNE
STAKE
headed by Ricky Galon
ha
ve
been soliciting investment
s
from the public.
MULTI FORTUNE STAKE
entices the public to invest therein with a
guaranteed
total earning
s
of 100% in just 30 days
or
double
–
your
–
money
scheme in just 30 days
through its Plans
as shown below
:
In all the Plans, an investor shall earn 25% of his investment every 6 days until
the 24
th
day, and on the last 6
th
day, the income shall be 100% of his investment and
therefore, clearly
MULTI FORTUNE STAKE is offering a double
–
your
–
money
scheme in ju
st 30 days.
MULTI FORTUNE STAKE
also offers the following Direct Referral Bonus to its
referror:
MULTI FORTUNE STAKE
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.
Please be reminded 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 Permit to Offer and
Sell
Securities to the Public to persons or entities that are engaged in this business
or scheme
.
Accordingly, the Commission warns all unscrupulous individuals and/or entities that
strict penalties are imposed for violations of the Securities
Regulation Code,
the
Revised Corporation Code of the Philippines and such other laws, rules and
regulations enforced by the Commission
.
Further,
the name
Christilyn Barasan
,
which appears on the social media posts of
MULTI FORTUNE STAKE
,
among others, does not appear in the records of the
Commission as licensed to offer such kind of securities for failure to obtain a license to
act as a capital market professional.
Corollary
, those who act as salesmen, brokers, dealers or agents or claim to act as
such of
MULTI FORTUNE STAKE
in selling or convincing people to invest in the
investment scheme being offered by said entity including solicitations and recruitment
through the inter
net
may be prosecuted and held criminally liable
under Section 28 of
the SRC and
penalized
with a maximum fine of Five Million pesos (Php5,000,000.00) or
penalty of Twenty
–
one (21) years of imprisonment or both pursuant to Section 73 of the
SRC.
Also, t
hose who invite or recruit others to join or invest in such venture or offer
investment contracts or securities to the public may incur criminal liability, or otherwise
be sanctioned or penalized accordingly as held by the Supreme Court in the case of
Secu
rities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March
2014)
.
In view thereof, the public is advised
NOT TO INVEST or STOP INVESTING
in any
investment scheme being offered by
MULTI FORTUNE STAKE
as well as to any other
entities having
the same or similar schemes
and to exercise caution in dealing with any
individuals or group of persons soliciting investments or recruiting investors for and on
behalf of
MULTI FORTUNE STAKE
.
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of
MULTI FORTUNE STAKE
,
please send
your report to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
26
May 2022.