PPM recruiter will be Jailed
PPM or PlanProMatrix recruiter will be Jailed
- Consequently, those who act as salesman, brokers, dealers or agents of PLANPROMATRIX ONLINE CO. in selling or convincing people to invest in the investment scheme being offered by PLANPROMATRIX ONLINE CO. including solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the Securities Regulation Code and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or penalty of Twenty One (21) years imprisonment or both pursuant to Section 73 of the SRC.
Source: http://www.sec.gov.ph/planpromatrix-online-co/
Based on the information gathered by the Commission, PPM, headed by Mark George Barnuevo Naval (a.k.a. Bong Naval), allegedly offers a home-based online business with a capital of Six Hundred Pesos (Php600.00) where prospective investors/members are entitled to various e-books and electronic materials such as video/audio tutorials, icons, graphics, fonts, templates, etc. Likewise, a prospective investor may promote his own business thru PPM’s ADS Package.
Each member/investor of PPM may earn through the following:
- E-loading business;
- Data Entry Job; and
- Advertising Agent.
SEC issued a WARNING!
The public is hereby informed that although PLANPROMATRIX ONLINE CO. is registered with the Commission as a partnership, however, such registration does NOT authorize the company to offer, solicit, sell or distribute any investment/securities. Such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with SEC before they can be offered or sold to the public under Sections 8 and 12 of the Securities Regulation Code (SRC).