The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on RISING ERA DYNASTY (RED) 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 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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Based on information gathered by the Commission, a number of individuals or group of persons claiming to represent RISING ERA DYNASTY (RED) INC. are enticing the public to invest their money in said entity as can be seen in the following post:
As appearing in the website of RISING ERA DYNASTY (RED) INC. its President/CEO is JAYANT JARED F. ERA, and its principal Office is located at 11th/F Suite III AIC Burgundy Empire Tower corner Garnet and Sapphire Road, Ortigas Center, Pasig City.
As posted in their Website, Facebook page and Facebook video, you can start a business by registering first, then you can choose from any of the three (3) types of entry with product package sets as follows:
3 TYPES OF ENTRY:
1. RUBY - Php 8,480.00 worth of products
2. EMERALD – Php 24,000.00 worth of products
3. DIAMOND – Php 48,000.00 worth of products
As posted online, RISING ERA DYNASTY (RED) INC. is also offers different kinds of products, to wit:
- GINSENG & TONGKAT ALI COFFEE;
- PAINT ADDITIVE WITH ANTI-MOSQUITO;
- RED NATURAL ORGANIC SOAP;
- GO DEFEND FOOD SUPPLEMENT; and
- 2IN1 MOISTURIZER AND MOSQUITO LOTION.
According to this entity, there are 14 ways on how to earn when you join RISING ERA DYNASTY (RED) INC, and these are the following:
- RETAIL BONUS;
- QUICKSTART BONUS;
- BINARY BONUS;
- STAR PROGRAM BONUS;
- BONUS FROM UPLINE;
- BONUS FROM LEADER;
- RESIDUAL BONUS;
- LEADERSHIP RESIDUAL BONUS;
- LEADERSHIP LOYALTY BONUS;
- REPEAT BINARY BONUS;
- BONUS SHARING;
- LIFESTYLE BONUS;
- CAR INCENTIVES and
- RANK ADVANCEMENT BONUS.
Ms. JIVE ABLAY BONGALOS a.k.a JHAI ABLAY ARCENIO (one (1) of the admin in group chat in Facebook messenger) enticed the new members or future investors in the Facebook Messenger group chat name “REDEXPRE$$ MILLIONARES” by telling them that with an investment amount of only Php8,840.00 they can earn Php100,000.00 or the equivalent of 1,031 percent in just 7 to 8 days WITHOUT SELLING ANY PRODUCTS, but rather through Recruitment, Pairing, Downline System, and their Direct Match Bonus.
Since the scheme of RISING ERA DYNASTY (RED) INC. involves the sale of securities to the public, the Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agents should have appropriate registration and/or license to sell such securities to the public pursuant to Section 8 of the SRC.
Per record of the Commission, RISING ERA DYNASTY (RED) INC. is registered as a Corporation. However it is NOT AUTHORIZED to solicit investments from the public since it has NOT secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code.
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.
The public must be wary that any promise of ridiculous rates of return with little or no risks is an indication of a Ponzi Scheme where monies from new investors are used in paying fake “profits” to earlier investors. Also, any promise that defies the normal financial logic is surely unreliable and sketchy. It must be clear that entities engaged in such activities likely tend to disappear shortly to the prejudice of their stakeholders.
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 or on behalf of RISING ERA DYNASTY (RED)INC. and to exercise caution in dealing with any individuals or groups of persons soliciting investments for and on behalf of said entity.
Be warned that those who act as salesmen, brokers, dealers or agents or claim to act as such for RISING ERA DYNASTY (RED) INC. in selling or convincing people to invest in the investment scheme being offered by the said entity including solicitations and recruitment through the internet may 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.
Violators are warned 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.
Should you have any information regarding any investment solicitation by any individuals or group of individuals representing RISING ERA DYNASTY (RED) INC., you may send your report to the EIPD at epd@sec.gov.ph
For the guidance of the public.
Pasay City, 30 April 2020.
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