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On March 7, 2019, the Securities and Exchange Commission (SEC) of the Philippines advises the public not to invest in Unity Wealth Marketing.
Below is the full text of the said warning.
The Commission has received numerous reports regarding the activities of an entity named Unity Wealth Marketing, which is also using the names UWealth Premium and Unitywealth 100.
In its Facebook Account, Unity Wealth Marketing/UWealth Premium/Unitywealth 100 claimed that its operation is legitimate since it is registered with the Department of Trade and Industry (DTI). The entity is owned and operated by Mr. Anthony Tiongco Mendoza who illustrated in his promotional videos posted in his FB account and in Unity Wealth FB Account the following ways of earning money by joining the company:
1. Sponsorship Bonus;
2. Indirect Bonus;
3. Infinity Pass-up Bonus; and
4. Unilevel Bonus.
The public is hereby informed that Unity Wealth Marketing/UWealth Premium/Unitywealth 100 is not registered with the Commission as a corporation or partnership and is not authorized to solicit investments from the public, not having secured prior registration and/or license to solicit investments as prescribed under Section 8 of the
Securities Regulation Code (SRC).
Those who act as salesmen, brokers, dealers or agents of Unity Wealth Marketing/UWealth Premium/Unitywealth 100 in selling and convincing people to invest in the investment scheme being offered by the said entity including doing solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable
under Section 28 of the SRC and penalized with a maximum fine of FIVE MILLION PESOS (Php5,000,000.00) or a maximum penalty of TWENTY ONE (21) years imprisonment or BOTH pursuant to Section 73 of the SRC.
In view thereof, the public is hereby advised to exercise self-restraint from investing their hard earned money into such high-yield, high-risk investment scheme and to take the necessary precaution in dealing with individuals representing the above-named entity.
Should you have any information regarding the operation of the subject entity, you may contact our Enforcement and Investor Protection Department (EIPD) at telephone numbers (02) 818-6337 or (02) 818-5476 or visit EIPD at North Wing Hall, Ground Floor, Secretariat Bldg., PICC Complex, Pasay City.
Pasay City, March 05, 2019