Mazama

February 1, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This is to inform the public that MAZAMA is NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. Based on information gathered from reports and data from open sources, MAZAMA is both a website and an app that can be downloaded from the play store. MAZAMA is engaged in investment taking through supposed renting of ads machine. As posted by Mazama's agents in Facebook Groups, you can invest by first registering through the app or their website https://mazamob.com/ , the investor then can invest by topping-up through GCash. Based on the posts of their agents, the investor can choose investment schemes in the form of renting Ads Machine ranging from A to F and Super Ads Machine ranging from 1 to 7. The investor may invest from Php500 to Php1,000,000 and can earn Php38.4 to Php165,000 daily earnings or 7.68% up to 16.5% per day . The investor may also earn 10% cash rewards plus cash coupons of 10%-30% by inviting a friend to rent an Advertising Machine. The 10% cash reward is computed based on the Advertising Machine rented. Further, the investor may earn rewards when they top-up their account. 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 the scheme of MAZAMA . 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. Based on the Commission's database, MAZAMA , is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC) . Further, the scheme employed by MAZAMA 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. In view thereof, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by MAZAMA , and its representatives . Those who act as salesmen, brokers, dealers or agents of MAZAMA , in selling or convincing people to invest in the investment scheme being offered by the said entity 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 MAZAMA , and its representatives, please send your report through email at [emailprotected] . For the information and guidance of the public. Makati City, February 1, 2023.