The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on ANGEL INVESTOR GROUP, INC., warning the public of the individuals and groups involved in such activities. The advisory defines the activities behind the scheme, and advises the public to take precautions in joining or investing in these groups.
In support of this view, Coins.ph does not endorse or is affiliated in any way with such activities or products. Moreover, we have a zero tolerance policy on fraudulent activities and potentially scamming practices. In a separate article, we have enumerated tips on how you can avoid investment schemes and other online scams. We urge our customers to be extra diligent with their funds and to act within our User Agreement.
The Commission has received information that individuals or group of persons
representing ANGEL INVESTOR GROUP, INC. are enticing the public to invest in the said entity
online or through the internet.
Based on the information gathered by the Commission, ANGEL INVESTOR GROUP, INC.
is engaged in soliciting investments where an investor can receive 100% profit after one (1)
month plus 1,500 bonus share.
The public is hereby informed that ANGEL INVESTOR GROUP, INC. is registered with the
Commission as a corporation in the year 2000 but is NOT authorized to offer, solicit, sell or
distribute any investment/securities. Such activities require a Secondary License from the
Commission and the securities or investment product should likewise be registered with SEC
before they can be offered or sold to the public under Sections 8 and 12 of the Securities
Regulation Code (SRC).
Consequently, those who act as salesmen, brokers, dealers or agents of ANGEL INVESTOR
GROUP, INC. in selling or convincing people to invest in the investment scheme including
solicitations or recruitment through the internet may likewise be prosecuted and held criminally
liable under Section 28 of the Securities Regulation Code and penalized with a maximum fine of
Five Million pesos (P5,000,000.00) or penalty of Twenty One (21) years imprisonment or both
pursuant to Section 73 of the SRC.
Accordingly, those who invite or recruit other people to join or invest in this venture or
offer contracts or securities to the public may be held liable or accordingly sanctioned or
penalized in accordance with the Supreme Court decision in the case of SEC vs. Oudine Santos (G.R.
No. 195542, March 19, 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.
In view thereof, the public is hereby advised to exercise caution before investing in these
kinds of activities and to take the necessary precaution in dealing with ANGEL INVESTOR
GROUP, INC. or its representatives.
Should you have any information regarding the operation of the subject entity, please call
the Enforcement and Investor Protection Department at telephone numbers 818-6047.
For guidance of the public.