The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on JETHCLICK, 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 not to invest or stop investing in any investment scheme offered by the said company.
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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In response to reports received by the Commission regarding the activities of JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP., the Commission wishes to inform the public that JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP. are not authorized to solicit investments from the public since they have not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code (SRC).
In their social media posts, JETRHRO CORP., which is operated by JETHRO JOHN G. REYES, claims that it is legitimate and that it has complied with all the legalities. The public is informed that the issuance of a Certificate of Incorporation only grants the said entity juridical personality but does not constitute an authority or license for the corporation to engage in activities that require a secondary license from the SEC such as the issuance, offering and/or selling of securities or to undertake investment taking activities.
On the other hand, in its website JETRHRO CORP., ”JETRHROCORP.COM”, claims that it was established in 2007 and it specializes in producing disposable packaging products such as soft drink cups, food boxes, snack bowls, straws, chopsticks and other food and catering packaging products.
They also stated in their website that JETHRO IMPORT and EXPORT CORPORATION was formed in 1992 and specializes in the distributorship of branded household appliances such as “WESTINGHOUSE”. That also in 2010, their “WATER TECHNOLOGY DIVISION” was established and focused on the importation of water treatment equipment and consumables like filters, reverse membrane osmosis, and other parts needed in water treatment process.
The aforementioned information in their website is contrary to what is stated in their Certificate of Incorporation issued by the Commission on July 29, 2019, which states that they are registered as a stock corporation with the primary purpose of “engaging in direct selling of beauty parlor supplies and equipment to consumers.”
Based on the information gathered by the Commission regarding JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP., in order for you to join and start earning, you simply need to REGISTER an account and ACTIVATE it by buying one (1) 7 in 1 whitening soap worth P1,000 pesos and earn P1,500 pesos.
You may either pick-up the said product in their office or have it shipped to your address by paying the applicable shipping fee.
Aside from their 7 in 1 Whitening soap product, there are also different ways to earn;
- DIRECT REFERRAL BONUS—P100 pesos/person (get 10 referrals and earn P1,000 pesos);
- PAIRING BONUS—P100 pesos/pair (earn P100 for every pair in your binary genealogy/Maximum of 12 pairs per day);
- UNILEVEL BONUS—P10 pesos (earn P10 for every indirect referrals starting from your 2nd level up to the 5th level of your network); and
- CLICKING PLATFORM—P1,500 (earn by clicking paid ads daily. P1 pesos per ad click with a maximum 150 ads click per day, so in 10 days with 150 clicks you will earn P1,500 pesos).
Other passive incomes and incentives are likewise given/promised such as:
- CASIO WATCH for every 100 pairing;
- HUAWEI Y6 mobile phone for every 200 pairing;
- IPAD for every 500 pairing;
- GAMING LAPTOP for every 1,000 pairing;
- IPHONE XI for every 2,000 pairing;
- SEDAN CAR DOWNPAYMENT worth P150,000 pesos for every 5,000 pairing;
- SUV CAR DOWNPAYMENT worth P300,000 pesos for every 10,000 pairing; and
- FORD MUSTANG DOWNPAYMENT worth 1M pesos for every 20,000 pairing.
As mentioned, JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP. are NOT AUTHORIZED to solicit investments from the public since they have not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code.
Those who act as salesmen, brokers, dealers or agents of JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP. 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 March 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.
The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP. and to exercise caution in dealing with any individuals or group of persons soliciting investments for and in their behalf.
Should you have any information regarding any investment solicitation by any individuals or group of individuals representing JETHCLICK, JETHCLICK INTERNATIONAL, JETHCLICK by JETHRHO, and JETRHRO CORP., please call the Enforcement and Investor Protection Department (EIPD) at telephone number (02) 8818-6047 or send your report to the EIPD at epd@sec.gov.ph
For the guidance of the public.
Pasay City, 09 December 2019.
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