NUTRIWEALTH MULTI-PURPOSE COOPERATIVE
Posted 04 October 2018

SEC ADVISORY

The Commission has received information that individuals or groups of persons representing NUTRIWEALTH MULTI-PURPOSE COOPERATIVE (“NUTRIWEALTH”) is offering investments to the public through NUTRIWEALTH PRODUCER’S COOPERATIVE, NUTRIPHYSICS WELLNESS ASSOCIATION INC., NUTRIWEALTH WELLNESS ASSOCIATION INC.,  NUTRIWEALTH MANUFACTURING PLANT INC., NUTRIWEALTH SCHOOL OF WEALTH & WELLNESS FOUNDATION INC., MINVILUZ FARMERS AND FISHERMEN INTEGRATED LIVELIHOOD ASSOCIATION, INC. and VALUE CHAIN METHODOLOGY (“VCM”).

Per records of the Commission, the aforesaid Cooperatives, Corporations and Associations are not authorized to solicit investment from the public as they have not secured the necessary license or permit from the Securities and Exchange Commission (“SEC”) as required under Section 8 of the Securities Regulation Code (“SRC”).

Accordingly, NUTRIWEALTH is offering to the public investment opportunities termed as “Savings” which involves a deposit of P1,000 up to P100,000 per month for a fixed term of 5 to 35 years.  NUTRIWEALTH assures investors of a 12% annual interest income.

 

Moreover, another type of investment offered by NUTRIWEALTH is “Double Your Money in 5 years” with a minimum one-time deposit of P5,000 and a maximum one-time deposit of P100,000,000.

Based on information gathered by the Commission, NUTRIWEALTH is offering to the public another investment opportunity through VALUE CHAIN METHODOLOGY or VCM by enticing the public to invest in their Dragon Fruit Global Project, Poultry Farm Project, Manufactured Herbal Coffee and Rice Production, promising incredibly high returns as much as 10 times the amount of investment for a fixed term of 5 to 20 years.

Allegedly, NUTRIWEALTH is targeting Overseas Filipino Workers from Israel, Japan, Hong Kong, Singapore, Korea, Italy, Canada, Australia, Taiwan, Thailand, U.S.A., U.A.E., KSA, Iraq, Kuwait and Qatar where they conducted their “Financial Literacy Caravan”.

Where the scheme involves the sale of securities to the public, the SRC requires that the issuing person and/or entity must be a registered corporation with SEC, the said securities offered are duly registered and that the appropriate license and/or permit to sell securities to the public are issued to the corporation and/or its agents, pursuant to the provisions of section 8 and 28 of the SRC.

The public is hereby advised to exercise caution in investing their money in these types of schemes which may turn out to be Fraudulent Investment Schemes, involving the sale of unregistered securities.

Those who act as salesman, broker or agents of NUTRIWEALTH in selling or convincing people to invest in the investment scheme being offered, including solicitations or recruitment 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) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC.

Likewise, those who sell or offer securities the public, may be held criminally liable or accordingly sanctioned or penalized pursuant to the Supreme Court Decision in the case of Securities and Exchange Commission (SEC) Vs. Oudine Santos (G.R. No. 195542, 19 March 2014).

Should you have any information regarding    the     operations     of    the   subject      entities,

please call the Enforcement and Investor Protection Department at telephone numbers 818-6337 and 818- 5324.

 

 

For the guidance of the public.