SEC Facebook

This ADVISORY is prompted by reports and information gathered by the
Commission that individuals or group of persons representing VIDEOSPAYS is enticing
the public, through social media platform or through their own independent websites to
invest in said entity.
VIDEOSPAYS is a mobile application that can be downloaded in GOOGLE
PLAYSTORE. According to the creator of the said mobile application “VIDEOSPAYS is an
online rating and reviewing site for Movie Trailers offering passive income to our users.
We have partnered with Film Sponsors and advertisers to provide you with many videos
for you to Rate, Earn and WITHDRAW”.
As posted on their Website, investors can join by registering first, then they can
choose from any of the following nine (9) Subscription Plans with corresponding tasks
by simply watching videos:
(1) Basis Plan worth $37;
(2) Essential Plan worth $99;
(3) Team Plan worth $199;
(4) Professional Plan worth $499;
(5) Exclusive Plan worth $599;
(6) Business Plan worth $999;
(7) Ultimate Plan worth $1,119;
(8) Ultimate Plus Plan worth $1,999; and
(9) Platinum Plan worth $2,499
The investor can earn from $86.8 up to $15,400 monthly depending on their
subscription plan. An investor can also earn from referral bonus from $0.41 up to
$22.00 depending of the subscription plan.
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 VIDEOSPAYS.
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, VIDEOSPAYS, 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 VIDEOSPAYS, 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.
The public is advised NOT TO INVEST or STOP INVESTING in any investment
scheme being offered by any individual or group of persons allegedly for or on behalf of
VIDEOSPAYS as well as to any other entities having the same or similar schemes an to
exercise caution in dealing with any individuals or group of persons soliciting
investments for and on behalfof it.
Those who act as salesmen, brokers, dealers or agents of VIDEOSPAYS, 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.
Should you have any information regarding the operation of VIDEOSPAYS, and
its representatives, please send your report through email at epd@sec.gov.ph
For the information and guidance of the public.
Pasay City, 25 January 2022.