The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on CHAMPION INTERNATIONAL 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 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.
In response to numerous reports received by the Commission regarding the activities of CHAMPION INTERNATIONAL CORPORATION/MADENU CHAMPION MARKETING INTERNATIONAL, INC. (“CHAMPION”), the Commission wishes to inform the public that CHAMPION is NOT AUTHORIZED to solicit, accept or take investments from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC) since it does not have a secondary license issued by the Commission to solicit investments or other securities from the public for whatever purpose as prescribed under Sections 8 and 28 of the SRC.
Based on the information gathered and verified by the Commission, CHAMPION has been enticing the public to invest their money in said entities. CHAMPION promises 400% return of investment in more or less than thirty (30) days. To join the company, a minimum entry package in the amount of ₱3,000.00 plus ₱100.00 registration fee in exchange for ₱3,000.00 worth of CHAMPION herbal products such as Kojic Soap, Gluta Soap, Champion Herbal Coffee, Healing Oil, Champion Healthy Heart, Champion Healthy Joints and Champion Collagen-CE. In one (1) month, the member could earn a gross profit share amounting to ₱12,000.00, less ₱4,000.00 for the Binary Package entry minus 10% tax (₱800.00) with a total net profit share of ₱7,200.00. Also, the member may opt to avail the “FASTTRACK” option under the company’s Profit Sharing Program wherein a member could make profit in a span of two (2) weeks by means of recruiting ten (10) individuals to invest in the company.
Illustrated below is the company’s PROFIT SHARING COMPLAN, to wit:
|PACKAGES||REGISTRATION FEE||GROSS PROFIT SHARE (more or less 1 month)||BINARY PACKAGE ENTRY (to be deducted from gross profit share)||LESS 10% TAX||NET PROFIT SHARE (more or less 1 month)|
|3,000||100||12,000||1 PLATINUM (4K)||8,000||7,200|
|6,000||200||24,000||2 PLATINUM (8K)||1,600||14,400.00|
|12,000||400||48,000||1 GLOBAL (16K)||3,200||28,800.00|
|18,000||600||72,000||1 GLOBAL (16K)
2 PLATINUM (8K)
|24,000||800||96,000||2 GLOBAL (32K)||6,400||57,600.00|
|30,000||1,000||120,000||3 GLOBAL (48K)||7,200||64,800.00|
CHAMPION also promises the following incentive bonuses:
|PACKAGE/PROGRAM AVAILED||DIRECT REFERRAL BONUS||PAIRING BONUS|
|Profit Sharing||10% of the package availed||None|
Based on the information gathered and verified by this Office, CHAMPION INTERNATIONAL CORPORATION is being operated by the same people behind MADENU CHAMPION MARKETING INTERNATIONAL, INC.
The Incorporators/Directors/Officers of CHAMPION are as follows: (1) Felicisimo Fallurin Enduma, Jr.; (2) Joan Delos Reyes De la Pena; (3) Cyril Fallurin Enduma; (4) Arnold Miranda Alzate; and (5) Gilbert Valerio Enduma, Jr.
The public is hereby warned that those who act as salesmen, brokers, dealers or agents of CHAMPION 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. No. 195542, March 19, 2014).
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.
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 in dealing with any individual or group of persons soliciting investments for and on behalf of CHAMPION INTERNATIONAL CORPORATION/MADENU CHAMPION MARKETING INTERNATIONAL, 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 CHAMPION INTERNATIONAL CORPORATION/MADENU CHAMPION MARKETING INTERNATIONAL, INC., please call the Enforcement and Investor Protection Department (EIPD) at telephone number (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.