The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on DV BOER FARM CORPORATION, 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 information that individuals or group of persons
representing DV BOER FARM CORPORATION (DV Boer) are enticing the public to invest in the
said entity online and through walk-in solicitations.
Based on the information communicated and gathered by the Commission, DV Boer is
engaged in soliciting investments where an investor may invest in the following “Pa-iwi
Programs”:
- Goat Dairy Pa-iwi Program
a. A 36-month Pa-iwi
b. Costs Php160,000.00.
c. 15 heads of goats shall be purchased for the investor
d. With the following payouts:
i. 12th month for Php22,500
ii. 20th month for Php45,000
iii. 28th month for Php45,000
iv. 36th month for Php45,000
v. Thereafter, a salvage value of Php75,000
e. A total of 15% interest per annum. - Goat Meat Pa-Iwi Program
a. A 35-month Pa-iwi
b. Costs Php160,000
c. 15 heads of goats shall be purchased for the investor
d. The payouts will be received on the following:
i. 11th month for Php22,500
ii. 19th month for Php45,000
iii. 27th month for Php45,000
iv. 35th month for Php45,000
v. Thereafter, a salvage value of Php75,000
e. A total of 15% interest per annum. - Chicken Breeding Program
a. A 18-Month Pa-iwi
b. Costs Php100,000
c. 100 heads of chicken shall be purchased for the investor
d. The payout will be received at the 18th month in the amount of Php20,000 and
thereafter, a salvage value of Php100,000.
e. A total of 20% interest per annum. - Cattle Affinuer Program
a. A 1-year Pa-iwi
b. Costs Php1,000,000
c. 40 head of cows shall be purchased for the investor
d. The payouts will be received on the 13th month in the amount of Php150,000.
e. A return of 15% per annum. - Dairy Cattle Breeding Pa-iwi Program
a. A 3-year pa-iwi
b. Costs Php2,060,000.
c. 5 heads of the cows shall be purchased for the investor
d. With the following payouts:
i. 12th month for Php600,000
ii. 24th month for Php600,000
iii. 36th month for Php600,000
iv. Thereafter, a salvage value of the Php2,000,000
e. A return of 30% per annum - Rabbit Pa-iwi Program
a. A 1-year pa-iwi program.
b. Cost Php10,000.00.
c. 3 heads of rabbits shall be purchased for the investor.
d. The payout shall be received at the end of the 1-year period in the amount of
Php900.
e. Thereafter, the salvage value of Php10,000 is also returned by DV Boer to the
investor.
f. A return of 9% per annum.
Allegedly, the money invested will be used to fund the company’s diverse businesses “Paiwi Programs” carried out by DV Boer or its sub farms.
The public is hereby informed that DV BOER FARM CORPORATION is registered with
the Commission ONLY as a corporation under the Corporation Code of the Philippines 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 DV BOER FARM
CORPORATION 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 DV BOER FARM CORP. 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 818-6337.
For guidance of the public.
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