The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on KAPIBOMA NETWORKING/KAPIBOMA GLOBAL MARKETING, 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 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.
The Commission has received numerous reports from the public regarding the activities of KAPIBOMA NETWORKING/KAPIBOMA GLOBAL MARKETING INC. (“KAPIBOMA”).
Based on the information gathered by the Commission, KAPIBOMA has been enticing the public to invest ₱5,000.00 in exchange for ₱5,000.00 worth of KAPIBOMA herbal products such as Golden Moringa 4 in 1 Malunggay Coffee, Golden Moringa Mangosteen Stevia Coffee, Golden Moringa Stevia Coffee, Mangosteen Guyabano, Mangosteen, and Guyabano Herbal capsule. KAPIBOMA promises a condominium incentive by inviting/recruiting five (5) individuals and every member in your group should at least invite five (5) individuals respectively up to 6th level to partake in their business activities. The promise of a condominium incentive is reinforced by the promise of a contract signing with a real-estate developer. After this, members are instructed to wait for forty-five (45) to sixty (60) days before moving into the condominium unit.
KAPIBOMA promises free interior design ranging in value from ₱75,000.00 to ₱100,000.00 upon reaching Level 3. On the 6th level, the condominium will be fully paid and a Certificate of Ownership will be awarded to the member. However, if the member failed to invite new members or work on his downline within one (1) month upon occupation, the condo unit will be forfeited.
Furthermore, KAPIBOMA promises other incentives such as ₱1,000.00 direct referral fee, Car plan incentive (SUV), International cruise, Parking slot, ₱4,000,000.00 worth of business package and ₱1,000,000.00 worth of life insurance.
Also, members are required to pay ₱1,000.00 monthly for the company’s monthly dues including water and electricity bills and for the compensation of its employees.
The public is hereby informed that KAPIBOMA NETWORKING/KAPIBOMA GLOBAL MARKETING, INC., are not licensed or granted a permit by the SEC to sell or offer securities or solicit investments from the public.
Those who act as salesmen, brokers, dealers or agents of KAPIBOMA 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 a maximum penalty of twenty-one (21) years of imprisonment or both pursuant to Section 73 of the SRC, as held in the case of Securities and Exchange Commission vs. Oudine Santos (G.R. 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 may be correspondingly assessed.
In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of KAPIBOMA NETWORKING/KAPIBOMA GLOBAL MARKETING, INC. The public is further advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by aforesaid entities/individuals.
Should you have any information regarding any investment solicitation by any individual or group of individuals representing KAPIBOMA NETWORKING/KAPIBOMA GLOBAL MARKETING, INC., please call the Enforcement and Investor Protection Department (EIPD) at telephone numbers (02) 8818-6047 or send your report to the EIPD at firstname.lastname@example.org or you may visit the EIPD office located at the Ground Floor, North Wing Hall, Secretariat Building, PICC Complex, Pasay City.
For the guidance of the public.
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 email@example.com.