Seven Co

May 9, 2023 SEC ADVISORY The Commission has received information that individuals or group of persons representing an entity named SEVEN CO is enticing the public to invest their money in the said entity with a promise of high monetary rewards or profits. HTcADC Based on the reports received by the Commission, SEVEN CO operated by Angel Camille Martin and his associates namely, Lander Jones Arsenio and Mary Ann Ranole Cortez are enticing the public to invest in their business scheme entitled SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN for a promise of high monetary rewards or profits, as shown below: As appearing in the Social Media posts of a certain Angel Martin , SEVEN CO. INVESTMENT advertised its promise of giving investors an interest rate of 20% and 30% for 10 and 15 days investment, respectively. Below are the screenshot copies of the said social media posts: CAIHTE Briefly, an Investment Contract exist 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 SEVEN CO/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN/SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO. INVESTMENT. aScITE As such, the Securities Regulation Code (SRC) requires that said offer and/or 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. Per initial verification from the Commission's Database, SEVEN CO/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN/SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO. INVESTMENT are not registered as a corporation or partnership. Consequently, SEVEN CO/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN/SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO. INVESTMENT also does not have a secondary license or authority to solicit investments or offer securities as only registered corporations can apply for and be issued a secondary license by the Commission. Further, the scheme employed by SEVEN CO/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN/SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO. INVESTMENT has the characteristics of a Ponzi Scheme where money 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. DETACa In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of SEVEN CO/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN/SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO. INVESTMENT. The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entities or its representatives. Those who act as salesmen, brokers, dealers, agents, representatives, promoters, solicitors operators, recruiters, uplines, influencers, endorsers, abettors and enablers of SEVEN CO/SEVEN CO PROFIT SHARING & ONLINE PALUWAGAN/SEVEN CO INVESTMENT & ONLINE PALUWAGAN/SEVEN CO. INVESTMENT in soliciting or convincing people to invest in the investment scheme being offered by the said entities 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 the subject entity, please call the Enforcement and Investor Protection Department (EIPD) at telephone number 8818-6047 or email at [emailprotected] or you may visit the Commission's Enforcement and Investor Protection Department (EIPD) located at the 9/F, The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Brgy. Bel-Air, Makati City. For the information and guidance of the public. Makati City, May 9, 2023.