Moneyfescent Global Ventures OPC

February 21, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on information received by the Commission, individuals claiming to represent MONEYFESCENT GLOBAL VENTURES OPC are enticing the public to invest their money in said entity. As posted in the Affiliate Facebook group of MONEYFESCENT GLOBAL VENTURES OPC , said corporation is engaged in Direct Selling of Products through 2 different kinds of packages: (1) BRAND AMBASSADOR PACKAGE worth Php350 and (2) VIP PACKAGE worth Php3500. The second package is further separated into "VIP PACKAGE B" and "VIP PACKAGE C." Each package has specific benefits as illustrated below. Interested individuals must register and pay through a link provided by the corporation and after, they may access their account. Those who avail of the VIP Package may earn through the so-called "Binary System." Additionally, those who availed of the Brand Ambassador Package may upgrade to the VIP Package to utilize the Binary System. Under the VIP Package, the person would receive 10 bottles of healing oil, 5 pieces of roll-on healing oil, and an activation code to be used in the Genealogy Structure found in the Application. The VIP Package Holder would earn 2 different commissions when he/she is able to recruit another person to avail of the VIP Package. The "Direct Referral Bonus" amounting to Php700 is earned when a recruit in the First Level activates his/her VIP Package. Said bonus comprises of Php350 cash and Php350 worth of Product Voucher. The "Matching Bonus" worth Php700 is earned when 2 recruits, known as a "pair," activate their VIP Package. The process of the "Matching Bonus" is continued in the downline until the 5th Level as illustrated below. Furthermore, an interested individual may hold more than 1 VIP Account to maximize their earnings. In this regard, the public is made aware that an "investment contract," which is a kind of security, 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 MONEYFESCENT GLOBAL VENTURES OPC . 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. Furthermore, the investment scheme of MONEYFESCENT GLOBAL VENTURES OPC has the characteristics of a Ponzi Scheme because of the promise of an exorbitant rate of return with little to no risk at all to the investors as exemplified in the case People of the Philippines vs. Palmy Tibayan and Rico Z. Puerto (G.R. Nos. 209655-60, 14 January 2015) . Although products and discounts are offered by MONEYFESCENT GLOBAL VENTURES OPC , the high commission for recruitment is so large that the product becomes an afterthought and the package holder would earn substantially more on recruiting. The offering and selling of investment contracts using the "Ponzi Scheme," which is fraudulent and unstable, is NOT a registerable security. The Commission will not issue a License to Sell Securities to the public, persons or entities engaged in such business or scheme. The records of the Commission show that MONEYFESCENT GLOBAL VENTURES OPC is registered with the Commission as a One Person Corporation. However, MONEYFESCENT GLOBAL VENTURES OPC is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC. Hence, the public is advised NOT TO INVEST or to STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Those who act as salesmen, brokers, dealers, agents, representatives, solicitors, operators, promoters, recruiters, uplines, influencers, endorsers, abetters and enablers or claim to act as such MONEYFESCENT GLOBAL VENTURES OPC in selling or convincing people to invest in the investment scheme being offered 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 (P5,000,000.00) 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 sanctioned 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). Should you have any information on any recruitment or securities solicitation activities being undertaken by persons or group of persons claiming to represent MONEYFESCENT GLOBAL VENTURES OPC , you may send your reports to the Enforcement and Investor Protection Department through email at [emailprotected] . For the guidance of the public. Makati City, February 21, 2023.