Elite Entrep Blue Print/Elite Entrepreneur Blue Print/EEBP

2020ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENTSEC ADVISORYThe Commission has received information that individuals or group of persons representing an entity named ELITE ENTREP BLUE PRINT/ELITE ENTREPRENEUR BLUE PRINT/EEBP is enticing the public to invest in said entity. Based on the reports from the public and from various posts in Facebook (FB), ELITE ENTREP BLUE PRINT/ELITE ENTREPRENEUR BLUE PRINT/EEBP has been inviting the public to join their company by investing a capital amounting to P115,000.00 with a promise of receiving P11,500.00 worth of Royale products. The investors will get the return of their investments through selling the products and recruiting new investors.Said scheme is similar to the investment scheme employed by TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) as described in an Advisory issued by the Commission on 10 January 2020.In its FB posts, ELITE ENTREP BLUE PRINT/ELITE ENTREPRENEUR BLUE PRINT/EEBP is enticing the public to invest in their company by further promising investors with a weekly income of P5,000.00 to P50,000.00 and 1 Million BPI insurance coverage,...