The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on ACCELERARE MAIN PH, 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 ACCELERARE MAIN PH/ ACCELERARE PH/ ACCELERARE/ ACCELERARE CAR TRADING/ ACCELERARE FOREX TRADING are enticing the public to invest their money in said entity.
Based on the aforementioned information and reports from the public, ACCELERARE/ ACCELERARE MAIN PH/ ACCELERARE PH/ ACCELERARE/ ACCELERARE CAR TRADING/ ACCELERARE FOREX TRADING are one and the same entity founded by HARLOU ANGELO CRAMPATANTA BOLIMA, with principal office and showroom located at BLOCK 3 LOT 14 DOÑA SOLEDAD AVENUE EXTENSION, DON BOSCO, PARAÑAQUE CITY.
As posted in their Facebook page, ACCELERARE is looking for potential loan investors which they call “CERTIFIED ACCELERARE PARTNERS” that will help them stabilize and provide more capital for their business venture’s needs. The company will share profit with the loan investors for their operations longevity.
As posted online, being a CERTIFIED ACCELERARE PARTNER, you are entitled to passive income bonuses and can earn exclusive commissions (for partner referral and Car sales). There is no membership fee, all you need to do is do a pay-in and they will provide you a personal dashboard where you can monitor you investment.
ACCELERARE has two (2) lines of business such as:
1. CAR TRADING (CAR FINANCING, CAR RENTAL, BRIDAL CAR RENTAL, CAR LISTING, AND CAR AGENT), and
2. FOREX TRADING (FOREIGN EXHANGE)
CAR TRADING (No Membership Fee)
- Minimum of P1,000/ slot;
- Payout of Capital with 20% interest after 28 days or Payout of Capital with 150% interest after 90 days;
- 2% admin fee for the processing of Payouts so there will be no delay in payouts;
- A partner will be provided his own dashboard to give access to an online account to monitor their investment’s growth;
- Earn up to 5% Rolling Commission;
- Earn up to 5% commission being a car agent; and
- Only an investor with an invested amount of P50,000 and above will be provided a contract.
FOREX TRADING (No Membership Fee)
- Minimum of P10,000/ slot;
- Earn 30%, there is no definite timeframe. Daily/ weekly/ monthly interest is possible depending on the trade;
- A partner/ investor will be provided a personal dashboard where they can monitor their account and transfer it to their own bank account; and
- Only an investor with an invested amount of P50,000 and above will be
provided a contract.
Simply, an investor is entitled to receive passive income from the pool of investment gathered, while active income is acquired from recruitment bonuses.
Per records of the Commission, ACCELERARE, ACCELERARE PH MAIN, ACCELERARE PH, ACCELERARE CAR TRADING, ACCELERARE FOREX TRADINGare not registered either as a corporation or partnership. Further, they are NOT AUTHORIZED to solicit investments from the public since they have not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code.
Results also show that Mr. HARLOU ANGELO CRAMPATANTA BOLIMA, the founder of ACCELERARE, ACCELERARE PH MAIN, ACCELERARE PH, ACCELERARE CAR TRADING, ACCELERARE FOREX TRADING is not associated with any corporation or partnership registered with the Commission and neither is he allowed by the Commission to engage in the said investment taking activities.
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 ACCELERARE, ACCELERARE PH MAIN, ACCELERARE PH, ACCELERARE CAR TRADING, ACCELERARE FOREX TRADING and to exercise caution in dealing with any individuals or group 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 ACCELERARE, ACCELERARE PH MAIN, ACCELERARE PH, ACCELERARE CAR TRADING, ACCELERARE FOREX TRADING in selling or convincing people to invest in the investment scheme being offered by 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 further 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 Mr. HARLOU ANGELO CRAMPATANTA BOLIMA or any individual or group of individuals representing ACCELERARE, ACCELERARE PH MAIN, ACCELERARE PH, ACCELERARE CAR TRADING, ACCELERARE FOREX TRADING, you may email your report to the EIPD at epd@sec.gov.ph
For the guidance of the public.
Pasay City, 22 April 2020.
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