SEC Warns Investors Against 22 Investment Scams

scam philippines

After the whole incident about KAPA-Community Ministry International Inc., different stories began to surface about various unregistered investment that they have encountered on social media sites primarily in Facebook.

Due to this, the Securities and Exchange Commission (SEC) has issued an advisory that warns Filipino investors of these unregistered investment entities. Many of which are using social media channels to reach out to prospective investors, promising them unrealistic return of investments at a short period of time.

SEC has also stated that these investment companies have already begun soliciting investments through these social media sites, and warned the public to look out for these entities.

These identified unregistered investment companies include:

  • MGA Business Enterprises
  • Coophub Multimedia Services
  • Jogle Innovative Marketing
  • Global Dream Zion
  • Grappler
  • Sherpan
  • BCT Marketing/BCT Motorcycle and Car Trading
  • RTM/RTM Pharmacy and General Merchandise
  • Diamond Marketing
  • Fusion Marketing
  • FMarket
  • Cirfund
  • Vibearn
  • Onepro
  • BCC/BCC Cosmetics Trading
  • Unlishop Compensation Plan Marketing
  • VUCC
  • Bitrain
  • Tcoin
  • Crowd Royals
  • ADA Farm Agri Venture
  • Nermie Marketing/Nermie Health and Beauty Products Trading

“Investors are increasingly turning to social media, including Facebook, YouTube, Twitter, LinkedIn and other online networks for information about investing,” SEC warned the public.

In an article posted on, they reported that these unregistered investment firms “offer unrealistic return on investments, ranging from 10 percent to 400 percent a month and require interested investors to pay initial investments by depositing their money to an account in a bank,, GCash, money remittance company or face-to-payment with an entity’s agent.”

“Investors are then instructed to send through private message copies of proof of their deposits. Payouts are also made using the same methods.”

SEC also explained that the public should be wary of companies that claim they invest their funds in forex (foreign exchange), bitcoin, and other cryptocurrencies to justify their earning capabilities.

Aside from this, another factor that investors should look out for is when investment companies regularly recruit investment members in the guise of sponsoring a person in the system. Such a system is considered to be a form of investment solicitation or sale of securities.

Due to the nature of these schemes, they can easily collapse as fast as they created. So Filipino investors should also check the background of the company they’re putting their money into. If the investment sounds too good to be true, then that is an immediate signal that you should say no to it.

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