April 30, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
DO NOT INVEST IN PYRAMIDING SCAMS ON FACEBOOK
PYRAMIDING, being fraudulent and unsustainable, is NOT a registrable security. The Securities and Exchange Commission has not and will never issue a License to Sell Securities to the Public to persons or entities that are engaged in this business. This scam involves the recruitment of people in a two-pronged structure that takes the form of a pyramid, one that grows wider at the bottom, and thrives with the supply of new recruits to the scheme. Unfortunately, once the recruitment declines, so does the money.
This is the scheme employed by various marketing teams of the products of RAISEDHERBS ZION MARKETING ("RZM") on Facebook. The teams recruit investors who pay at least Php1,500.00 for a few products of RZM and consequently earn the right to participate in a scheme that promises a stream of profits by recruiting others to the groups.
As of 29 April 2020, RAISEDHERBS ZION MARKETING does NOT appear in the database of the Commission as a registered corporation, partnership...
