The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on TECHNOVANTI NETELIGENCE, 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.
In response to reports and inquiries received by the Commission regarding the
activities of TECHNOVANTI NETELIGENCE, INC. (TECHNOVANTI), the Commission
wishes to inform the public that TECHNOVANTI is NOT AUTHORIZED to solicit, accept
or take investments/placements from the public nor to issue investment contracts and
other forms of securities defined under Section 3 of the Securities Regulation Code
(SRC) because it does not have a secondary license from the Commission to solicit
investments or other securities from the public for whatever purpose as provided under
Sections 8 and 28 of the SRC.
TECHNOVANTI claimed that it is 100% legitimate and that it has complied with all the
legalities, but it must be noted that acquiring a primary registration with the Commission
is not a license or authority to solicit investment from the public because it only grants
juridical personality to the corporation but does not authorize it to issue, sell, or offer
securities for sale nor to undertake investment activities without acquiring a prior
registration and/or secondary license approved by the Commission.
Based on the information gathered by the Commission, TECHNOVANTI offers the
following compensation plans (complan) using the Paid-to-Click (PTC) Program, to wit:
a. One Thousand Pesos (Php 1,000.00) entry Complan; and
b. One Thousand Five Hundred Pesos (Php 1,500.00) entry Complan with Alkaline
Both complans includes Five Hundred Pesos (Php 500.00) sign up bonus and a
total of One Thousand Five Hundred Pesos (Php 1,500.00) YouTube viewing rewards
(Php 300.00 reward per viewed video/1 video a day for 5 days only).
Other passive incomes and incentives are likewise given/promised such as:
a. One Hundred Pesos (Php 100.00) Leadership Bonus;
b. One Hundred Pesos (Php 100.00) Bonus for every recruit in the investment;
c. Two Hundred Pesos (Php 200.00) Binary Pairing Bonus;
d. Two Hundred Pesos (Php 200.00) Group Sales Bonus;
e. Ten Percent (10%) Bonus based on the Group Leader’s Income from the Binary
f. Latest Ipad;
g. Dream Travel to Ibiza;
h. Caribbean Cruise;
i. Food Cart Business; and
j. Sports Car.
Once an account is activated, the investors may access a dashboard provided by
TECHNOVANTI where they can monitor and perform activities.
However, the minimum encashment is Three Thousand Pesos (Php 3,000.00), so the
investors are obliged either to acquire multiple accounts in order to get their payouts or
to engage in networking in order to receive passive income and to qualify for the
To reiterate the SEC ADVISORY on the proliferation of investment scams conducted
by online-based advertising companies through PTC programs posted 22 May 2018,
PTC programs might promise significant gains from minimal investment, by doing
bogus clicking jobs, by logging in everyday or by obtaining referrals or buying ad packs.
But some companies with PTC programs are engaged in scams using the Ponzi
scheme where monies from new investors are used to pay fake “profits” to earlier
investors. Therefore, the public must be vigilant even if a PTC program claims it is not
an investment scheme.
Again, the public is advised to exercise caution in dealing with any individuals or
group of persons soliciting investments for and on behalf of TECHNOVANTI or any
entities using the PTC Program.
The public must also be wary of schemes that give emphasis on recruitment of
members or "downlines", particularly if the product being offered is overpriced, as the
same may be a disguised pyramiding scheme which is focused on the recruitment of
members in order to solicit investments rather than earning profits from the sale of the
Those who act as salesmen, brokers, dealers or agents of TECHNOVANTI in selling
or convincing people to invest in the investment scheme being offered by these entities
including solicitations and 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 (P5,000,000.00) or penalty of Twenty-one (21) years of
imprisonment or both pursuant to Section 73 of the SRC.
Also, those who invite or recruit others to join or invest in such venture or offer
investment contracts or securities to the public may incur criminally liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the
case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19
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
Should you have any information regarding any investment solicitation by any
individuals or group of individuals representing TECHNOVANTI, please call the
Enforcement and Investor Protection Department (EIPD) at telephone number (02)
8818-6047 or send your report to the EIPD at email@example.com.
For the guidance of the public.
Pasay City, 14 November 2019.