The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on UNITY WEALTH MARKETING, 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.
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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
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You can visit this link for more safety tips for your Coins.ph account. If you have any further questions, you may reach out to us at help@coins.ph.
