Astrazion International
SEC-EIPD Advisory • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD) • Feb 3, 2022
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February 3, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY In response to numerous reports and inquiries received by the Commission on the entities operating under the names ASTRAZION INTERNATIONAL, ASTRAZION NOBLE TASK COMMUNITY FOUNDATION and ASTRAZION GLOBAL HOLDINGS, INC. founded by Napoleon Dela Cruz Visperas , the Commission wishes to inform the public that ASTRAZION INTERNATIONAL, ASTRAZION NOBLE TASK COMMUNITY FOUNDATION and ASTRAZION GLOBAL HOLDINGS, INC. are NOT AUTHORIZED to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under the Securities Regulation Code (SRC) because they DO NOT HAVE A SECONDARY LICENSE from the Commission. Based on reports and information gathered, ASTRAZION promotes its company by offering an online multi-level marketing platform promoting their new digital currency named "AZNT Token" and startups on the market using a referral system model to provide its users around the world with financial freedom and contemporary business education. The underlying principle of AZNT is to develop a progressive community based on the principles of referral system that each partner of the company can use to make an unlimited source of income. Also, ASTRAZION claims that it aims to provide their investors a drastic change and improve an individual's lifestyle and an opportunity to acquire a new house, new car, vacation trips and to get rich in no time by investing their money in its so-called "AZNT Token" packages. To wit: DHITCc According to online sources, ASTRAZION is enticing the public by offering people a chance to gain lucrative returns by earning passive income by availing of their 7 AZNT token packages, which are as follows: As shown above, ASTRAZION is luring the public to invest their hard-earned money by promising them lucrative earnings of 3% daily depending on the amount of the AZNT token package availed of for a period of 100 days . The minimum amount AZNT token packages range from its "Starter package" amounting to $100.00 or (PHP5,000.00) up to "Double Platinum/Titanium" package amounting to $10,000.00 or (PHP500,000.00) . To illustrate, if an investor buys 10,000 pieces of AZNT token at pre-initial coin offering price of $0.10 for only $1,000.00, after 2 years, the investor will gain 1000% within a period of 1 to 2 years or equivalent to an amount of $100,000.00. The daily maximum income will be based on the amount of the AZNT token package purchased by the investor. Also, aside from the 3% daily passive earnings, ASTRAZION promises an additional income through their multi-level marketing referral system such as residual earnings, direct referral income amounting to 10% of the total amount paid by the downline and binary income earnings . All of the accounts and earnings of the investor will be facilitated through their respective online dashboard accounts and expect that payouts will be released through a Coins.Ph app cellphone program. The income generated by ASTRAZION does not appear to be derived from viable business sources but solely from the purchases by the public of an unregistered "AZNT Tokens" being paid by its current investors and by the newly-recruited members. cEaSHC 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 ASTRAZION's scheme. Hence, since the scheme of ASTRAZION involves the offering and sale of securities, in the form of investment contracts, to the public where investors are deemed investing in its enterprise and are led to expect profits therefrom even without doing anything, the SRC requires that such securities must be duly registered with the Commission and that ASTRAZION must also secure the necessary registration and/or license to offer and/or sell the same as well. It appears from the Commission's database that ASTRAZION GLOBAL HOLDINGS, INC. and ASTRAZION NOBLE TASK COMMUNITY FOUNDATION were able to register with the Commission as a corporation. In this regard, the public is hereby informed and advised to always keep in mind that the issuance of a Certificate of Incorporation only grants an entity juridical personality but does not constitute an authority or license for the corporation to engage in activities such as solicitation of investments, issuance of investment contracts, offering and sale of investment contracts that require a secondary license from the SEC . Primary registration with the Commission DOES NOT carry with it the license to solicit investments from the public. Hence, as earlier mentioned, ASTRAZION INTERNATIONAL, ASTRAZION NOBLE TASK COMMUNITY FOUNDATION and ASTRAZION GLOBAL HOLDINGS, INC. are NOT AUTHORIZED to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under the Securities Regulation Code (SRC) because they DO NOT HAVE A SECONDARY LICENSE from the Commission. The public is reminded that any offer or promise of ridiculous rates of return with little or no risk similar to the scheme of ASTRAZION is an indication of a possible "Ponzi Scheme" which is defined as an investment fraud that involves the payment of purported returns to existing investors from funds contributed by the new investors. They often recruit new investors by promising to invest their funds in opportunities claimed to generate high returns of investment. Thereafter, if there will be difficulties in recruiting new investors or when a large number of existing investors opt to cash out, the Ponzi scheme will collapse or result in a total breakdown and the new investors at the bottom of the line of the pyramid will not receive their returns anymore. Note that the offering and sale of such securities in the form of investment contracts using the "Ponzi Scheme" is fraudulent and unsustainable and 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. Hence, the public is strongly advised NOT TO INVEST or STOP INVESTING in any scheme offered by ASTRAZION or such other entities similarly engaged in investment contracts without prior registration from the Commission. The public is again reminded that investing in such an unregulated entity lacks investor protection because it is not covered by prudential and market conduct requirements applicable to licensed and authorized operations. Accordingly, the Commission warns all unscrupulous individuals and/or entities that strict penalties are imposed for violations of the Securities Regulation Code, the Revised Corporation Code, and such other rules and regulations enforced by the Commission . Those who act as salesmen, brokers, dealers or agents of such unauthorized entities like the operators of the Facebook Page or other similar social media of ASTRAZION in selling or convincing people to invest in their investment scheme offered including solicitations and recruitment through the internet may likewise be criminally prosecuted and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or a penalty of Twenty-one (21) years of imprisonment or both pursuant to Sections 28 and 73 of the SRC . CTIEac In the same manner, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public similar to and the operators of the ASTRAZION may incur criminal liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of SEC vs. Oudine Santos (G.R. No. 195542, 19 March 2014). The names of all those involved will also be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be assessed correspondingly. Should you have any information regarding any investment solicitation activity by ASTRAZION INTERNATIONAL/ASTRAZION GLOBAL HOLDINGS, INC./ASTRAZION NOBLE TASK COMMUNITY FOUNDATION or any individual or group of individuals representing ASTRAZION INTERNATIONAL/ASTRAZION GLOBAL HOLDINGS, INC./ASTRAZION NOBLE TASK COMMUNITY FOUNDATION please send your report to the EIPD at [emailprotected]. For the guidance of the public. Pasay City, February 3, 2022.
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