0% found this document useful (0 votes)
16 views8 pages

SEC Alerts Public on Paysbook Investment Risks

The SEC has renewed its warning against investing in Paysbook E-Commerce System Corp. as the company does not have a license to solicit investments from the public. This comes despite Paysbook implying on social media that it has resolved issues with the SEC. Paysbook's scheme involved getting people to buy online account activation codes to earn money by logging in and out of the website and recruiting others. While registered as a company, Paysbook does not have the necessary license from the SEC to solicit investments.

Uploaded by

Vencint Laran
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
16 views8 pages

SEC Alerts Public on Paysbook Investment Risks

The SEC has renewed its warning against investing in Paysbook E-Commerce System Corp. as the company does not have a license to solicit investments from the public. This comes despite Paysbook implying on social media that it has resolved issues with the SEC. Paysbook's scheme involved getting people to buy online account activation codes to earn money by logging in and out of the website and recruiting others. While registered as a company, Paysbook does not have the necessary license from the SEC to solicit investments.

Uploaded by

Vencint Laran
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

SEC renews warning against Paysbook

January 11, 2019 | 12:01 am

FacebookTwitterLinkedIn
Font Size 

 A A A

THE Securities and Exchange Commission (SEC) has reiterated its warning
to the public against investing in Paysbook E-Commerce System Corp., as it
has no license to solicit such investments.

In an advisory posted to its website, the SEC’s Enforcement and Investor


Protection Department said it received information that Paysbook has been
posting several photos on social media of its officers appearing before the
commission, implying that it has settled its issues.
This is despite an earlier warning against Paysbook that the SEC issued last
Aug. 1, 2018.

ADVERTISEMENT

“To date, the Department has not issued any order lifting the Aug. 1, 2018
Advisory on Paysbook E-commerce System Co. Ltd. finding no sufficient
ground or justification to lift the same. Thus, the general public is hereby
informed that the Advisory remains valid and in effect,” the SEC said.

The commission said that Paysbook’s scheme involved enticing the public to
buy online account activation codes so they could join its online platform.
From there they could earn by simply logging in and out of the website, in
addition to recruiting other people into the platform.

An investor would have to create a Paysbook account on [Link], after


which he or she will immediately earn P300. The activation code worth P1,000
will allow the investor to earn up to P1,200 every six days for log-in and log-
out rewards.

Meanwhile, recruiting new members could generate commissions of up to


P40,000.

The SEC said Paysbook is a registered corporation whose primary purpose is


to engage in e-commerce system services, online selling, online advertising
services, franchises business, website development and customized online
system development.

While a registered company, it has not secured the license to solicit


investments from the public, which requires a secondary license from the
commission as per the Securities Regulation Code. The securities being sold
must also be registered with the SEC.
“To reiterate the contents of the Advisory, the general public is hereby warned
that all investment schemes are subject to the regulatory authority of this
Commission,” the SEC said, noting that recruiting investor members into the
system is considered a form of investment solicitation or a sale of securities.

ADVERTISEMENT

Those found to be acting as salesmen, brokers, dealers, or agents of such


companies can be penalized with a fine up to P5 million, or be imprisoned for
up to 21 years. The names of the people involved in such schemes will also
be forwarded to the Bureau of Internal Revenues so their taxes and penalties
can be assessed accordingly. — Arra B. Francia

[Link]

First VitaPlus is a natural juice drink from Moringa Oleifera, Capsicum Frutescens, Corchorus Olitorius,
Amaranthus Spinosus and Ipomea Batatas. All of these five herbs are commonly found in tropical
country like the Philippines. There have been studies that proved the effectiveness of these herbs. It is
natural and safe to consume hence the main ingredient are also vegetables.

FACTS about First Vita Plus

 Q: Is FVP a pyramiding scam?


A: No, definitely it is not.

 Technically, since FVP is using a system called binary, surely its illustration would look like that of a
Pyramid but it is not a scam. This follows with any traditional organizations and companies.
FACTUAL EXPLANATION ABOUT PYRAMIDING SCAMS versus FVP:

1.  Refer to schemes used usually by people whose sole intent is just to lure people to invest into a
program with high yields in terms of monetary returns/income far higher than the usual or traditional
returns/incomes than the banks and other business institutions offer but with no clear program of
where the “invested amount” be invested or the company income comes from or where the pay out of
returns/incomes of the investors will come from.

 FVP doesn’t have any promises such as investing and returns. One simply buys the product
offered together with the marketing plan with an option of doing the business should the buyer
intends to earn other than just being a consumer.

2.  No product involved except the one mentioned in (1).

 FVP returns 120% of the amount paid for the product. To become a dealer, one has to purchase
an FVP power pack containing the company’s main product worth nine thousand two hundred
forty pesos (P9,240) yet the actual payment paid for by the dealer is only seven thousand six
hundred ninety-nine pesos (P7,699) only.

3.  Pure investing scheme, just plain recruitment of people wanting to earn in a manner mentioned in (1)
and with a structure demonstration similar to that of FVP.

 FVP offers a marketing plan that has to be worked out by the dealer if he/she wants to earn an
income other than direct selling of the company’s product lines. Big income will be based on the
dealer’s network performance.

 FVP provides the big income opportunity based on sales performance since the system used is
based on building the dealer’s network. A dealer’s network will be built by making out two sales
groups designated as Sales Group A (SGA/LEFT Group) and Sales Group B (SGB/Right Group)
work.

4.  Mostly interest based than commission based scheme. Meaning, the higher the amount invested the
higher and the bigger the returns/interests accrued.

 FVP dealer’s income is commission based by helping out the company in selling its product by
means of direct FVP product endorsements to consumers and providing the same big income
opportunities to those consumers convinced into becoming a dealer by presenting the
marketing plan formulated by FVPMC.

5.  No product movement since there is no product involved just earning schemes.

 FVP has products lines, giving options to both dealers and consumers, therefore there’s an
unending product movement.

 FVP’s main products have secured legal proofs of authentic seals and permits required and
approved by both local and international market agencies and authorities.

6.  Bogus companies, fly by night, unregistered neither if not still on the process of registering for
permits, with no proofs of legalities or patents on the schemes introduced.

 FVP is ten (10) years in operation.

 FVP is duly acknowledged by various award giving bodies and institutions both in the local and
international scene for its remarkable contributions to the consuming public.

 FVP is duly registered and with authentic legal proofs of its legalities and certifications in as
much as business operation are concerned, SEC, DTI, BFAD, US-FDA, HALAL.

 FVP has an archive of undeniable, unscripted testimonies with medical proofs.

7.  Non-transparency of return/income derivation.

 FVP is simply doing the “you sell and I pay you” scheme in order to derive the income pay-outs
for the sellers and its own income with certain parameters so both can benefit from each other
keeping the company standing and far from collapse.

[Link]

Telepreneur Corp scam or not? Scam ba ang Telepreneur Corp? Ok para makasigurado tayo kung ang
Telepreneur ba ay scam o hindi? Bakit hindi natin tanungin ang SEC? Di ba sa Sec natin malalaman kung
ang isang company ay isang scam? Kasi nagpopost na rin sila sa official website nila ng babala sa mga
company na scam. At malalaman din natin kung nakaregistered ba talaga ang Telepreneur Corp sa
Securities and Exchange Commission

Watch the video to know if Telepreneur is a scam or not?


TELEPRENEUR CORP is a Leading Company in terms of One Sim All Network Load. We have the most
efficient and fastest E-loading System. It is a duly registered 100% Filipino owned company with SEC Reg.
no. CS201115301. [Link] 

YOU HAVE TWO OPTION DOING THIS BUSINESS:

OPTION 1: RETAILERS

- sa halagang P200 pwede ka na maging retailer at magsimula ng eloding business. Iaactivate namin
ang iyong gamit na sim at pwede nang magload sa lahat ng network. GLOBE/SMART/SUN
OPTION 2: DEALER

-  ANDITO ANG MALAKING KITAAN. PANOORIN ANG VIDEO SA BABA PARA MAINTINDIHAN ANG
NEGOSYO!

Why TelePreneur is Only the BEST Universal Loading Company?

► No Deduction to Send Load!

► We have own Menu Based Sim Powered by Talk'NText!

► We Own our DATA Center!

► We have our Own E-Loading Platform!

► We have our Own Office Nationwide


► We have Tangible Product!

► We have our Own 24/7 Sms/Online Support & Customer Service Hotline!

► We are Directly Connected and Recognized by Telcos!

► We have the Fastest, Stable, Proven and Most Reliable System!

► We have the SAFEST and STABLE Compensation Plan! (Long Term)

► Real Time Text Confirmation of Referral Fee and Matching Bonus Etc.!

► TPC is on it's Pioneering Stage with the System Provider having 12 years Experience in      Universal
Prepaid Load Retailing!

► We are here to exist (not to compete) and Dominate the Given Market We Choose.

Why choose the TelePreneur Business?

• Low Capital For less than P2,500 you can start the business. It’s very low compared to traditional
business or other business franchise. 

• You’re the Boss You are your own boss. You can work at your own pace.

• Minimal Expense No need to pay employees. .No utility expense. No rental Cost. You can work even
at home!

• Part-time or Full-time No fixed schedule required. You can do it during your free time.

• You are Qualified No need for experience or educational requirement. You can start and learn the
business while learning.

• High Potential Income No income limit – you can earn as much income as you like – the sky’s the
limit, and you are paid based on the production you bring into the company.

BAKIT KA DITO DAPAT MAGNEGOSYO

1. Faster and more reliable loading platform (For Loading Business) / Lesser SMS Commands. No
Issues, No Bad History, No Bad Records. Ang BOTTOMLINE: Reliable and Fast Service Pa Rin. Basta
Good ang Service, Babalik at Babalik ang Tao at Dadami Pa Para sa Repeat Orders.

2. Real Time Text Confirmation of Referral Fee and Matching Bonus. Income Mo Sa Isang Araw, Alam
Mo Na Agad, Kasi Ititext Ka Ng System. High-Tech Di Ba?

3. Updated State-of-the-ART WEB FACILITIES. You can ENJOY Encoding Online and Monitoring your
GROUP.
4. Retailers Can Start with Php200 Loadwallet. Abot Kaya. Kahit 10 Piso Lang. Makakapag-start Na
Sya.

5. TPC is on it's Pioneering Stage with the System Provider (Muenchen) having 12 years experience in
Universal Prepaid Load Retailing. LAW OF THE FIRST.

6. DAHIL HINDI PA SIKAT AT KILALA, IKAW ANG MAGPAPASIKAT AT MAGPAPAKILALA.

7. We are here to exist and dominate the given market we choose.

EXTRA INCOME JUST USING FACEBOOK & 

CELLPHONE !

GUSTO MO MALAMAN? USAP TAYO!

pm me or text 0918-2793047
[Link] 

[Link]

You might also like