The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on V2R TRADES, 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 extreme 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.
The Securities and Exchange Commission has received information that individuals or group of persons representing V2R TRADES, headquartered in Dumaguete,is offering online-investment opportunities.
Per records of the Securities and Exchange Commission (“Commission”), V2R TRADES is not registered in the Commission’s database as a corporation or partnership and is not authorized to solicit investments from the public as the above-mentioned entity did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 of the Securities Regulation Code.
Based on information gathered by the Commission, the entry packages for the compensation plan of V2R TRADES are as follows:
1) E2 100$ or Php5,700
2) E3 500$ or Php28,500
3) E4 1000$ or Php57,000
4) E5 5000$ or Php285,000
There are different ways to earn in V2R Trades:
1) Daily Rewards
0.8% up to 2%, payable Monday-Friday
2) Referral Rewards
10% of the entry package sold including upgrades
3) Bonus Rewards
Based on the current entry package or upgrade
E2+E2 = 7%
E3+E3 = 8%
Total Earnings = 34%
All earning shall be combined until the chosen entry package is multiplied three times (3x).
Based from the FB posts of its members, an investor can earn up to 33% monthly interest from his initial investment. A return on investment is expected after 3 months.
The public is hereby warned that such investment schemes are considered as securities subject to the regulatory authority of this Commission. The offering of sale of securities to the public without a permit or license is a violation of Section 8.1. of the Securities Regulation Code.
Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally 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).
Further, Section 6(f) of Republic Act No. 11469 otherwise known as Bayanihan to Heal as One Act, provides that, “In addition to acts or omissions already punished under existing laws, the following offenses shall be punishable with imprisonment of two (2) months or a fine of not less Ten Thousand Pesos (Php 10,000) but not more than One Million pesos (Php 1,000,000.00), or both such imprisonment and fine, at the discretion of the court:
(f) Individuals or Groups creating, perpetrating, or
spreading false information regarding the COVID-19 crisis on social
media and other platforms, such information having no valid or
beneficial effect on the population, and are clearly geared to
promote chaos, panic, anarchy, fear or confusion, and those
participating in cyber incidents that make use or take
advantage of the current crisis situation to prey on the public
through scams, phishing, fraudulent emails, or other similar
In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precautions in dealing with V2R TRADES or its representatives.
The Commission urges anyone who has knowledge or information about any business transactions involving these securities or investment opportunities to report such activities so that appropriate actions could be taken through the email of the Enforcement and Investor Protection Department at firstname.lastname@example.org.
For the guidance of the public.
Pasay City, 07 April 2020.