Beastnessallday Corp.

February 3, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on numerous reports and information gathered by the Commission, an entity operating under the name BEASTNESSALLDAY CORPORATION , founded and operated by one ANGELO DIEZ PARIAN , was found to be engaged in unauthorized investment-taking activities in the Philippines and overseas, apparently victimizing innocent and hard-working Overseas Filipino Workers. To show: The instant case stemmed from numerous reports and inquiries received by the Commission from the public regarding the illegal investment-taking activities of BEASTNESSALLDAY CORPORATION . Based on information received and gathered by the Commission, BEASTNESSALLDAY CORPORATION is offering and enticing the public, especially Overseas Filipino Workers in Qatar, to invest a minimum amount of 3500QR/Php50,000.00/1200 Dollars, complete with contract agreement for 5 months, in exchange for a promised 10% to 12% return of investment per month which will be given on the last month of the effectivity of the agreement . As shown: SCaITA BEASTNESSALLDAY CORPORATION claims that it is engaged in investments, sale of gadgets, real or personal properties, sale of luxury vehicles, and branded shoes and apparels. Its founder, Mr. Angelo Diez Parian , also claims that even in times of pandemic, BEASTNESSALLDAY CORPORATION still gives income on time. They also claim that their investment business yields pure results rather than false hopes or promises. "Walang Pilitan sino lang me gusto" or "we don't force people to invest" is one of their few tag lines in order to encourage more victims to invest in their company. 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 prominent in BEASTNESSALLDAY CORPORATION's scheme. Hence, since the scheme of BEASTNESSALLDAY CORPORATION 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 BEASTNESSALLDAY CORPORATION must also secure the necessary registration and/or license to offer and/or sell the same as well. Though BEASTNESSALLDAY CORPORATION is registered with the Commission as a corporation, IT IS NOT AUTHORIZED to solicit investment/placements from the public nor to issue investment contracts and other forms of securities as defined under the Securities Regulation Code (SRC) since it has not secured prior registration and/or license from the Commission as prescribed under Secs. 8 and 28 of the (SRC) . It must be emphasized that its primary registration with the Commission does not carry with it the license to solicit investments from the public. 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 . aTHCSE The public is reminded that any offer or promise of ridiculous rates of return with little or no risk similar to the scheme of BEASTNESSALLDAY CORPORATION 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. The public is again informed 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 BEASTNESSALLDAY CORPORATION 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 BEASTNESSALLDAY CORPORATION 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 . 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 BEASTNESSALLDAY CORPORATION 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 BEASTNESSALLDAY CORPORATION or any individual or group of individuals representing BEASTNESSALLDAY CORPORATION , please send your report to the EIPD at [emailprotected]. For the guidance of the public. Pasay City, February 3, 2022.