The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on One Market Global (OMG), 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 OMG (One Market Global) are enticing the public to invest their money in the said entity.
Further, the Commission has detected that a certain Mr. July Macapas has been offering investments in OMG’s packages thru his Facebook page, while a YouTube uploader named “Pambansang Samaritano” has been offering the same packages in his YouTube channel.
Based on information gathered by the Commission, the packages for the investment plans of OMG are as follows:
As shown above OMG promises a return of 5.88% - 6% daily or 176% to 353% for 30 to 60 days depending on the type of “opt. plan” chosen by the investor.
Allegedly, the earnings will be generated from OMG’s trading in the foreign exchange market.
Further, OMG is offering a referral bonus of 10% or Php510.00 for each invite you bring to them, as follows:
As shown above the total earnings that could be accumulated to be earned through referrals is Php627,748,800.00. The Investment Plans have been offered in OMG’s website at https://omgprofitshares.com, July Macapas’ Facebook page, and Pambansang Samaritano’s YouTube channel.
Allegedly, OMG (One Market Global) is registered with the Department of Trade and Industry (DTI) with the business name of ON. MA. GLO. MARKETING issued to Albert Almeda Gonzales. However, per records of the Securities and Exchange Commission, OMG (One Market Global) is not registered with the Commission as a corporation or partnership and has no secondary license to solicit, accept or take investments/placements from the public nor issue investments contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC). Likewise, July Macapas is not registered as a broker in securities, neither as a market professional as salesman, trader, investment company solicitor or associated person.
As the aforementioned scheme involves the offer and sale of securities to the public, the Securities Regulation Code (SRC) requires that these securities are duly registered with the Commission and that concerned entity or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Section 8 and 28 of the SRC.
In view thereof, the public is hereby advised NOT TO INVEST or TO STOP INVESTING in the investment scheme being offered by OMG (One Market Global) and its representatives or any entities engaged in investment schemes which promises ridiculous rates of return with little or no risk or show any other indications or characteristics of a Ponzi Scheme.
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 regulations 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 Covid-19 crisis situation to prey on the public through scams, phishing, fraudulent emails or other similar acts.
In addition, those who act as salesman, brokers, dealers or agents of OMG (One Market Global) in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations and recruitment through the internet may likewise be criminally prosecuted 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 28 and 73 of the SRC.
Further, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminal 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).
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, 02 June 2020.
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