GLOBAL DREAM ZION
Posted 29 May 2019

­­

SEC ADVISORY

The Commission has received information that a group of persons allegedly connected with an entity named GLOBAL DREAM ZION are soliciting investments from the public.

 

Based on reports, the said entity offers to the public an investment with high returns of 20% – 30% interest rate per month based on the principal amount invested.

The public is hereby informed that GLOBAL DREAM ZION is not registered with the Commission as a corporation or partnership and is not authorized to solicit investments from the public as it has not secured prior registration and/or license from the Commission to solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC).

Those who act as salesmen, brokers, dealers or agents of GLOBAL DREAM ZION in selling or convincing people to invest in the investment scheme being offered by GLOBAL DREAM ZION   including solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or a maximum penalty of Twenty One (21) years imprisonment or both pursuant to Section 73 of the SRC.

Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable or accordingly sanctioned or penalized in accordance with the Supreme Court decision in the case of 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.

In view thereof, the public is hereby advised to exercise prudence before investing in these kinds of activities and to take the necessary precaution in dealing with GLOBAL DREAM ZION.

Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers 818-6047.

For the guidance of the public.  28 May 2019.