The Securities and Exchange Commission (SEC) has exposed four new illegal investment schemes, including those perpetrated by previously-flagged racketeers now masked by different names.
In separate advisories issued on April 21, the SEC warned the public against dealing with the following: Viceem Help Worldwide; Viceem Help by Millionare Maker Team, Nexus P Capital by GK Marketing Ltd. and My Profit Robot (MPR).
In another advisory dated April 15, the SEC likewise flagged the unauthorized investment-taking activities of Norway International OPC.
Viceem Help Worldwide/ Viceem Help, Nexus P Capital and its operator GK Marketing, MPR and Norway International have not secured the necessary licenses from the SEC to solicit, accept or take investments from the public, as required under Republic Act No. 8799, or The Securities Regulation Code.
Citing reports from the public and as posted on its Facebook Messenger Group, the SEC said Viceem Help Worldwide/ Viceem Help was simply the new name of Azenzo-Online, whose unauthorized investment-taking activities had been earlier exposed.
The investment scheme of Viceem Help Worldwide/ Viceem Help resembles that of Azenso-Online, which promises a 30 percent to 100 percent return on investment within five to 20 days under a scheme similar to that of Kapa-Community Ministry International.
Nexus P Capital operates an investment scheme that the SEC warned the public about earlier this month. This entity offers cryptocurrency and foreign exchange trading accounts promising lucrative returns. It also uses a trading bonus system in its credit token scheme to discourage investors from withdrawing their investments until they have complied with the minimum trade volume requirement.
In case of non-fulfillment, credit tokens are forfeited and losses incurred are deducted from the investors’ deposits, which will further be subjected to a 20 percent withdrawal fee.
MPR claims to be a unique trading robot that trades cryptocurrencies around the clock using BXTCoins and Property Arbitrage. It further claims to buy and sell cryptocurrencies in several markets to make a profit from via arbitrage or price differences across different markets.
As posted online, MPR pitches an average daily profit of 1 percent per day or 365 percent per annum. To earn, an investor needs to purchase a six-month license for $200 and deposit bitcoins in his or her BXT wallet.
An initial investment of P5,000 will supposedly yield a profit of P1,739 in 30 days, or a 1-percent daily profit, reaching much as P20,022 in six months. In addition, an investor may earn from referral fees and receive up to 35 percent commission on sales.
On the other hand, the investment scheme of Norway International involves beauty products and food supplements. One may purchase starter packages worth P1,500 to P4,500 to earn retail profits, cash rewards, direct referral bonuses, pairing bonuses, direct match bonuses and car and travel incentives, among others.
The investor may earn even without selling any of the products under the so-called Norway international binary system. For instance, a member or future investor availing of the P1,500 starter package is promised with P90,000 to P270,000 earnings, equivalent to a 6,000-percent to 18,000-percent return on investment, within a month.
Norway International was founded by Cassey Ching-Mariano and Reena Ava Ching. It is headquartered in San Pedro, Laguna, based on SEC records.
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