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Re: Earn Unlimited 180k Pesos
« Reply #20 on: May 21, 2015, 01:47:32 AM »

An overseas Filipino worker (OFW) in Seoul, South Korea said he was lured to invest P36,500 in Emgoldex Philippines because of the gold bars being sold by the company.

The OFW said many of his co-workers were also lured to invest a month’s salary for the opportunity to earn P180,000 to P360,000 from their investments.

However, he said he is starting to have doubts on the scheme.
Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

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« Reply #21 on: May 21, 2015, 01:49:10 AM »

"Yung ibibigay nila sa’yo galing din sa mga taong na-engganyo mo. Papano po pag wala nang sumali?" he said.

An employee of Emgoldex Philippines, meanwhile, denied allegations that it is a fake company, saying the company is registered in Germany. The firm has yet to issue an official statement.

SEC said companies found selling unregistered securities in the Philippines may face penalties amounting to P15 million, and its officers may face imprisonment of up to 21 years. -- Report from Zen Hernandez, ABS-CBN News

http://www.abs-cbnnews.com/business/02/16/15/why-sec-issued-warning-vs-emgoldex-philippines

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Re: Earn Unlimited 180k Pesos
« Reply #22 on: May 21, 2015, 01:53:55 AM »
What you must know about the Emgoldex pyramiding 'scam'

from a report by Zen Hernandez, ABS-CBN News
02/17/2015




Emgoldex banned in US, 4 other countries

MANILA - People who illegally sell securities or financial products without registration in the Philippines face a P5-million fine and a 21-year prison term, the Securities and Exchange Commission (SEC) warned Tuesday.

This, amid the furor regarding the Emgoldex pyramiding scheme that promises to make anyone rich.

Emgoldex recruiters claim that an investment of P1,000 will yield P5,000 to P10,000, while an investment of P35,000 can turn into P180,000 to P360,000.

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« Reply #23 on: May 21, 2015, 01:54:27 AM »

Investors are also urged to recruit at least two more people into the scheme.

The SEC said this is clearly a pyramiding scheme that can collapse at any time.

Emgoldex is also not a registered corporation or partnership in the Philippines, and is not legally allowed to collect investments from the public.

"Ito po sa pyramiding kung susuriin investment style, nire-require mag-recruit tapos may bonus," said SEC spokesman Atty. Gerard Lukban. "Kung sa pag-recruit ang payout kinukuha sa baba pag nag-collapse mawawalan ng kita."

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« Reply #24 on: May 21, 2015, 01:55:27 AM »

Lukban said the law requires any business to register in the Philippines if it will operate here.

"Kaya po natin pinare-rehistro ang mga kumpanya para makita natin, unang una, sino mga tao behind them," he explained. "Kung hindi po natin makita sa database, medyo mahihirapan po tayong habulin."

The National Bureau of Investigation, the Bangko Sentral ng Pilipinas, and the Department of Trade and Industry are also investigating Emgoldex's pyramid scheme.

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« Reply #25 on: May 21, 2015, 01:56:01 AM »

A cease and desist order had been imposed on Emgoldex in Massachusetts, US, and it has been banned in Finland, Colombia, Estonia, and Panama.

People who try to recruit "investors" in Emgoldex claim that the company is registered in Europe, but a complaint filed by Massachusetts Secretary of State William F. Galvin showed that it is registered in the Seychelles, an island nation off Africa.

ABS-CBN News called Emgoldex's alleged administrative office in the Seychelles to get its side but no one wanted to talk.

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« Reply #26 on: May 21, 2015, 01:57:15 AM »

Emails sent to addresses on its website have also yet to get replies.

In the last 20 years, people have lost more than P80 billion to investment scams in the country.

These scams include Bancap in 1994 (P900 million); Multitel (P25 billion) and Mateo Management Group in 2002 (P4.3 billion); Tibayan Group in 2003 (P2 billion); Francswiss (P1 billion); Performance Investment Products Corp ($250 million) in 2007; and Legacy Group (P30 billion) and Royal Manchester Five Trading Corp. (P2 billion) in 2008; and Aman Futures Group in 2012 (P12 billion).

http://www.abs-cbnnews.com/focus/02/17/15/what-you-must-know-about-emgoldex-pyramiding-scam

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Re: Earn Unlimited 180k Pesos
« Reply #27 on: May 21, 2015, 02:02:44 AM »

Not all that glitters is gold

The lure of a quick return on investment momentarily blinds many, until they realize they are trapped in a scam

Kendrick Chua, RFP
Feb 21, 2015


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It has all the ingredients of the next lucrative investment – or a scam.

Depending on who you talk to, either Emgoldex Philippines is your next ticket to financial freedom, as what the solicitors are claiming; or it is your next train ride to poverty.

But it is what Multitel did in 2001.

It is what FrancSwiss did in 2007.

It is what Aman Futures did in 2012.

And it is what Emgoldex is doing right now.

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« Reply #28 on: May 21, 2015, 02:03:18 AM »

The apparent Dubai-based firm recruits investors to buy gold online and pays bonuses for referring friends and acquaintances.

Emgoldex has such the same enticing pitch as what its forebearers had. Emgoldex Philippines is promising high returns: for example, a P1,000 ($22.61) investment would earn profits ranging from P5,000 ($113.05) to P10,000 ($226.11) or a P35,000 ($791.40) would return P180,000 ($4,070.04) to P360,000 (8,139.77).

The Securities and Exchange Commission (SEC) already warned the public against investing their money in Emgoldex Philippines, as it is not a registered corporation or partnership.

SEC stressed Emgoldex Philippines is not authorized to solicit investments from the public as it did not secure prior registration and/or a license or permit to solicit investments from the commission as required under Section 8.1 of the Securities Regulation Code.

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« Reply #29 on: May 21, 2015, 02:06:21 AM »

Know thy scam

Generally, a scam can be classified into either Ponzi or pyramid.

At a glance, there is little difference between the two. Both are designed to fool unsuspecting (read: ignorant), or greedy investors into investing their money in exchange for hefty rewards.

The Ponzi scheme is named after the Italian immigrant Charles Ponzi who originated this type of scam. In a Ponzi type of investment, the solicitor, usually labelled as a financial expert, would solicit money from investors with the promise of extraordinary returns paid out in regular intervals. At the end of the contract period, the investor would get his principal back. This ruse encourages the investor to reinvest his money. After all, the solicitor made good on his promise.

What the investor did not know is that the money the solicitor paid him was from other investors and what he is paying the other investors is money solicited from other investors again. Trouble comes when he is paying out more than he is bringing in. By then, he simply collects the remaining money and disappears – forever.

In a pyramid scheme, however, the investor is required to recruit other investors, who in turn will recruit other investors. The amount paid is given to his recruiter. He will be able to recoup his investment through the other recruits he can bring in for the company.

Oftentimes, the investment will be justified as purchases for some revolutionary product; and the amount is but a small sum to partake of. In time, the pyramid will collapse as there are only a finite number of people who can join this scheme.

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« Reply #30 on: May 21, 2015, 02:09:21 AM »

Red flags

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A scam like Emgoldex Philippines has 4 tell-tale signs that should send investors running in the opposite direction:

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« Reply #31 on: May 21, 2015, 02:12:35 AM »

High-return for little or no risk

The basic tenet in investing is the higher the return, the higher the risk as well. High returns do not constitute a scam, but if the solicitor promises you such guaranteed returns with absolutely no risk – and bets his entire life savings on it – turn him down.

All businesses and investments require a certain degree of risk. The only thing guaranteed here is that you will lose your money in the end. Remember the caveat: If it is too good to be true, then it probably is.

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« Reply #32 on: May 21, 2015, 02:13:10 AM »

Complex product or portfolio

You would often hear jargon as part of their explanation on how they make money. The premise is that the more highfalutin the words are, or the more complex a product is, the more unconvincing the investment is.

If the solicitor cannot translate his methodology or product in layman’s term, then he is more likely covering something up. Most of the time, people are afraid to ask questions. Do not be afraid. It is your money at stake.

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« Reply #33 on: May 21, 2015, 02:13:51 AM »

Pressure to invest now

Scammers will try to coax you into investing now. They will not allow you to “think about it”.

They will tell a (probably fictitious) story of how another person, who was pretty much in the same predicament as you, found a jackpot in this investment scheme. And that if he could rise out of poverty, then so could you.

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« Reply #34 on: May 21, 2015, 02:14:57 AM »

It is not registered nor licensed

Worse, they do not have any physical office. Even if they do, it is somewhere where no one could verify its authenticity – even with Google maps.

Under Philippine law, a legitimate partnership or corporation should be duly registered with SEC. Also, any solicitation of funds from the public should have a license to do so under Section 8.1 of the Securities Regulation Code. Even their solicitors need to have a specific license to offer their investment.

The purpose of being registered is to have a governing body regulate operations. No registration, no license, no solicitation. No excuse.

A scam comes in any form or size: equity stakes, precious metals, oil, foreign exchange – anything that could lure investors has been and will be thought of.

But by equipping ourselves with knowledge, we will even the odds already. – Rappler.com

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« Reply #35 on: May 21, 2015, 02:21:17 AM »
kining ingon ani nga negosyo, sa maka una lang. harvest ka. kong wahi ka, wala nay mo dugang ug butang, goodbye takwal. sugal ko ani kong maka harvest si rey ceniza. mo abay ko

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« Reply #36 on: May 21, 2015, 02:30:02 AM »
naka sakay ko sauna sa multitel. pa pili-on man ka kong dollar or peso ba imong ibutang. of course dollar ahong gi invest. na ka kuha man ko ug balik ug dollar. medyo na sipyat lang ko sa timing. dapat gi withdraw naho dajon tanan. pero gi bilinan man naho. mao nga sa dihang mi collapse, medyo arkanse pa ko ug $8000. kahibaw naman ko daan kong unsay ahong gi sudlan. pero kini laging sugarol ta, entra lang gihapon. na sipyat lang ko sa timing. kong gi withdraw pa naho tanan nahong kwarta, tiba tiba unta ko. so this is an advice to rey ceniza, get out as soon as you can. dont be greedy. kong naa na kay ganansya, sirit na. ayaw pa dugay dugay

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« Reply #37 on: May 21, 2015, 02:33:16 AM »

If it is too good to be true, then it probably is.[/b]ghp-solicitors-ponzi-schemes-if-it-sounds-to-good-to-be-true-it-probably-is-1-638 - Earn Unlimited 180k Pesos - General Topic

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« Reply #38 on: May 21, 2015, 04:52:55 AM »

Public Announcement in response to the concerns of the SEC and the National Media

click image to watch video clips

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A Public Announcement from the Unified Filipino Emgoldex Clients in the Philippines and Abroad In response to the concerns of the Securities Exchange Commission and the National Media, we would like to address all accusations in an orderly manner. It took us some time to compose this announcement because we are an informal group of clients throughout the nation and overseas. Take note, we are not a company. We are clients of Emgoldex.

Earn Unlimited 180k Pesos - http://goo.gl/8qCAyn

Negosyong 7980 Pesos Ang Puhunan - http://goo.gl/PvP5yU
contact me @ http://fb.com/reycenz
skype/yahoo: reycenz

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« Reply #39 on: May 21, 2015, 04:58:52 AM »
 sir lakan wlay maulahi ani puro makababa tanan...kay naay among grupo ug kini klasi nga bisnis teamwork jud.. try ug observed unsa ka active ang among grupo... i add taka sa among chatrum!



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