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RIDE2SUCCESS DIGITAL MARKETING SERVICES (“Ride2Success” or R2S as known in social media)
RIDE2SUCCESS DIGITAL MARKETING SERVICES (“Ride2Success” or R2S as known in social media) is not registered with the Commission either as a corporation or as a partnership

Date Posted: 13 January 2022

RIDE2SUCCESS DIGITAL MARKETING SERVICES

RIDE2SUCCESS DIGITAL MARKETING SERVICES

SEC Facebook

The Securities and Exchange Commission has received information that individuals
or group of individuals representing
RIDE2SUCCESS DIGITAL MARKETING SERVICES
(“Ride2Success”
or
R2S
as know
n in social media)
led by
ARIEL SUNGA
are enticing the
public to invest their money in the said entity with the promise of monetary rewards or
profits.
RIDE2SUCCESS DIGITAL MARKETING SERVICES
offers
invest
ments at
a minimum
amount of Php2,000.00 or
$40 to a maximum amount of Php2,000,000.00 or $40,000 which
shall earn a 6% passive daily income in a span of 60 days or a
total earning of 360% income
in just 60 days.
In addition, investors

members may earn Php250.00 or $5 daily for the task of playi
ng,
sharing, and clicking ads for 16 business days or for a total earnings of Php4,000.00 or $80.
Further, the entity is offering its

so called “COMPOUNDING” scheme
in
which an
investor

member who re

invests/re

rolls his/her earnings for another 16 days,
shall earn
triple the amount.
I
t
also
offers a 12% direct referral commission and 2% and 1% indirect referral
commission according to the level of the recruits.
As the above described scheme
s
of
RIDE2SUCCESS DIGITAL MARKETING SERVICES
involve
the o
ffering and sale of securities
in the form of investment contracts
to the public,
the Securities Regulation Code (SRC)
requires
that these securities are duly registered and
that the concerned company and/or any of its agents must have the appropriate
regi
stration and/or license to sell such securities to the public pursuant to Section 8 of the
SRC.
RIDE2SUCCESS DIGITAL MARKETING SERVICES
is
not registered
with the
Commission either as a corporation or as a partnership. Having no primary registration
and
as the schemes it employ
s
shows
indication of a possible
“Ponzi Scheme”
where
monies from new investors are used in paying
“fake profits”
to prior investor
s
designed
mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent
members in case of scarcity of new investors
,
with
more
reason that
it cannot be granted
a secondary license
that would allow it to solicit investment
s
from the public.
Please be reminded that the offering and sale of such securities in the form of
inve
stment 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
schem
e
.
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
regulation
s enforced by the Commission
.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such of
RIDE2SUCCESS DIGITAL MARKETING SERVICES
through
ARIEL SUNGA
in selling or
convincing people to invest in the investment scheme being offe
red by said entity including
solicitations and recruitment through the internet
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, those 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 sanction
ed or penalized accordingly as held by the Supreme Court in the case of
Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March 2014)
.
Further, 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 advised
NOT TO INVEST or STOP INVESTING
in any
investment scheme being offered by
RIDE2SUCCESS DIGITAL MARKETING SERVICES
vis

à

vis
ARIEL SUNGA
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
RIDE2SUCCESS DIGITAL MARKETING SERVICES
vis

à

vis
ARIEL SUNGA
.
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of
RIDE2SUCCESS DIGITAL MARKETING SERVICES
vis

à

vis
ARIEL SUNGA
,
please send your report to the ENFORCEMENT AND
I
NVESTOR PROTECTION DEPARTMENT at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City, 13 January 2022