Norway International OPC

April 15, 2020 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent NORWAY INTERNATIONAL OPC are enticing the public to invest their money in said entity. NORWAY INTERNATIONAL OPC , which, based on information and reports from the public, is founded by CASSEY CHING-MARIANO and REENA AVA CHING , with a principal office located in Room 307 ETG Building Mabini St., Poblacion San Pedro, Laguna . As posted in their Facebook page and in their Facebook video, you can start a business by registering first, then you can choose from any of the two (2) starter packages set which include the following: STARTER PACKAGE (P1,500) 1. SET A P2,140 worth of products 2. SET B P2,390 worth of products 3. SET C P2,120 worth of products BUSINESS PACKAGE (P4,500) 4. SET A P6,420 worth of products 5. SET B P7,170 worth of products 6. SET C P6,360 worth of products As posted online, NORWAY INTERNATIONAL OPC is offering six (6) products such as: 1. Rejuv soap Bar for women; 2. Rejuv soap Bar for men; 3. Rejuv Day Moisturizer; 4. Rejuv Skin Toner; 5. OMG slimming Coffee; and 6. REN Bio Detergent Soap. According to these persons, there are 9 ways on how to earn when you join NORWAY INTERNATIONAL OPC , and these are the ff,: Under the Starter Package (with 1 Account worth P1,500) 1. RETAIL PROFIT; 2. CAH REWARD; 3. DIRECT REFERRAL BONUS; 4. PAIRING BONUS; 5. DIRECT MATCH BONUS; 6. UNILEVEL (DIGITAL SERVICES); 7. UNILEVEL (REPEAT SALES); Under the Business Package (with 3 accounts worth P4,500) 8. FREE ACCOUNT REWARDS; 9. CAR AND TRAVEL INCENTIVES. As posted online, the Car Incentive will only be given to those who will achieve the 5th account. Local Travel Incentive will only be given to those who will achieve the 6th account and lastly, the International Travel Incentive will only be given to those who will achieve the 7th account. In their Facebook video posted last March 27, 2020, the CEO of NORWAY INTERNATIONAL , Ms. REENA AVA-CHING , introduced their new scheme where their "RETAIL PROFIT" was disregarded, which means an investor will earn even though they will not sell any products nor do anything. She called it NORWAY INTERNATIONAL BINARY SYSTEM . Ms. REENA AVA CHING enticed the viewers that members or future investors with an invested amount of only P1,500.00 can earn from P90,000.00 up to P270,000.00 or the equivalent of 6,000%-18,000% increase in the return of investment within a month and members or future investors with an invested amount of P4,500.00 can earn from P270,000.00 up to P450,000.00 or the equivalent of 6,000%-10,000% increase in the return of investment within a month, WITHOUT SELLING ANY PRODUCTS , but rather thru Recruitment, Pairing, Downline System , and their Direct Match Bonus . Simply, an investor is entitled to receive passive income from the pool of investment gathered, while active income is acquired from recruitment bonuses. Per records of the Commission, NORWAY INTERNATIONAL OPC is registered as a corporation but it 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 Securities Regulation Code. The public must be wary that any promise of ridiculous rates of return with little or no risks is an indication of a Ponzi Scheme where monies from new investors are used in paying fake "profits" to earlier investors. Also, any promise that defies the normal financial logic is surely unreliable and sketchy. It must be clear that entities engaged in such activities likely tend to disappear shortly to the prejudice of their stakeholders. Consequently, the Commission encourages the public to be prudent in making or placing their monies on these entities especially during this pandemic. Violators are warned that aside from the strict penalties imposed by the Commission for violations of the Securities Regulation Code, the Revised Corporation Code, and such other rules and regulations it enforces, the Bayanihan to Heal as One Act (Republic Act No. 11469) also punishes those participating in cyber incidents that make use or take advantage of the current crisis situation to prey on the public through scams, phishing, fraudulent emails, or other similar acts . Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for NORWAY INTERNATIONAL 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). 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. The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of NORWAY INTERNATIONAL OPC and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Should you have any information regarding any investment solicitation by any individuals or group of individuals representing NORWAY INTERNATIONAL OPC , you can send your report to the EIPD at [emailprotected]. For the guidance of the public.