The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on XTREME HOUSE OF BEAUTY TRADING 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 entity, its representatives or any entities engaged in schemes which promises ridiculous rates of return with little or no risks.
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 Securities and Exchange Commission has received information that individuals or group of persons representing XTREME HOUSE OF BEAUTY TRADING CORPORATION (“XTREME” for brevity), are offering investments opportunities to the public through Facebook and YouTube.
Based on information gathered by the Commission, the entry packages for the marketing plan of XTREME are:
1) SSS Package - Php 1,888.00
SSS package is for Students, Seniors and Special Cases which includes:
- Direct referral bonus Php 150
- Sales match bonus Php 500
- Maximum income is Php 6,000 per day or 12 paired points
- Binary Capping is at 15k
- Binary Points 0.25 points
- 5th Pair Bonus
- 30% discount on all products
2) Bronze Package - Php 6,888.00
The bronze package includes:
- Direct referral bonus Php 500
- Sales match bonus equivalent to 1 point or Php 3,000
- Maximum potential income worth Php 55,000
- 2k worth of products
- Fundamentals of e-commerce worth 5k
- 30% discount on all products
- 100k accident death insurance
- Discounts in all tie up merchants
3) Silver Package - Php 14,888.00
The silver package includes:
- Direct referral bonus Php 1,500
- Sales match bonus equivalent to 2 points or Php 6,000
- Maximum potential income worth Php 150,000
- 5k worth of products
- E-commerce training workshop worth 10k
- 30% discounts on all products
- 100k accident death insurance
- Discounts in all tie up merchants
4) Gold Package - Php28,888.00
The gold package includes:
- Direct referral bonus Php 5,000
- Sales match bonus equivalent to 3 points or Php 9,000
- Maximum potential income worth 300,000
- 9k worth of products
- E-commerce training workshop worth 20k
- 30% discount on all products
- 100k accident death insurance
- Discounts in all tie up merchants
- Xtreme Incentives
Apart from the abovementioned packages, XTREME has just recently offered to the public two entry packages worth Php 1,588 and Php 1,988, respectively, and promised “DOUBLE YOUR MONEY IN 30 DAYS” to investors who availed of any of the two packages.
Accordingly, XTREME lures the public to invest in their scheme through referral system designed to encourage its members to recruit others in order to earn income.
XTREME claims to be registered with the Commission as a Corporation with SEC Company Registration Number: CS20200000956 and its certificate of incorporation was purportedly issued on 06 March 2020 by the Commission.
The public is informed that the issuance of a certificate of incorporation only grants the said corporation a 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.
Consequently, the Commission encourages the public to be prudent in making or placing their monies on these entities especially during this pandemic.
The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for and in behalf of XTREME and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of said entity.
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).
Everyone is reminded that aside from the strict penalties imposed by the Commission for violations of the Securities Regulation Code, the Revised Corporation Code, and such other rules and regulation it enforces, the Bayanihan to Heal as One Act (Republic Act No. 11469) also punishes 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 acts.
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 epd@sec.gov.ph.
For the guidance of the public.
Pasay City, 5 May 2020.
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