If you are planning to invest in Masa Mart Business Center, a Multi-Level Marketing Company, think again. The SEC of the Philippines has released an advisory to the public against investing in the said entity.
The government agency said Masa Mart and its related entities do not have licenses to solicit investments from the public.
In addition, it’s not among the companies registered with the Bangko Sentral ng Philippines engaged in digital assets. Moreover, Masa Mart’s virtual currencies are not among the generally accepted virtual currencies.
In this article, we will explain to you why Masa Mart Business Center and its related companies won’t last long. So keep your money with you and invest it somewhere else.
Table of Contents
Masa Mart Business Center is a Ponzi Scheme
Masa Mart and its related entities collect money from the public and promised them unrealistic returns ranging from Php2,476 up to billions of pesos for investments of Php1,250 up to Php500 millions, respectively. This is what they call the Subscription and Gains Program.
According to the SEC, gains offered in Masa Mart and Business Center investments translate to 30% per month or 2,561.81% per year. The gain depends on the option availed of by the investor, i.e., monthly or a“lock-in” period of 3 months, 6 months, or 1 year.
How will Masa Mart finance the gains offered to its investors?
Simple. From the investments of new recruits/investors. Clearly, Masa Mart is a Ponzi scheme. The products offered by the company are used as a front to cover its illegal activities.
Eventually, the scheme will fall when monies are no longer coming in.
Masa Mart Business Center is an Investment Scam
The SEC said Masa Mart has no Secondary License to solicit investments from the public. Hence, it is obvious that the government agency has been investigating the company due to various reports of illegal activities.
Generally, the SEC will shut down a company when it continues to operate even after the advisory. Expect that this will happen to Masa Mart if they won’t comply with what the SEC told them to do.
United Masa Coin and XUM Coin are Shitcoins
The company wants to ride the popularity of cryptocurrencies too. Masa Mart Business Center offers its brand of shitcoins, the United Masa Coin and XUM Coin.
These are worthless tokens with a utility value of zero given to gullible investors. These coins aren’t traded anywhere else.
Furthermore, Masa Mart is not among the registered companies authorized by the central bank to engaged in digital assets.
Payouts are Barely Approved in Masa Mart
Many member investors who want to cash-out their gains never received their payouts. They requested several months ago but to this date, they received nothing.
When payouts are barely approved in Masa Mart, it means cash is drying up. People behind this company are now busy preparing their exit plans.
File a Complaint Against Masa Mart Business Center
If you want to recover your investment (although there is assurance you can), we recommend you file a complaint against Masa Mart.
Masa Mart Business Center is a scam. It’s a Ponzi scheme and an investment scam.
Please report your case to the SEC, so they can act on it accordingly. Please call the Enforcement and Investor Protection Department at telephone numbers 8818-6047 or send your report to the EIPD at [email protected]
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