March 9, 2020
SEC ADVISORY
The Securities and Exchange Commission ("Commission") received information regarding the alleged investment-taking activities and operations of an entity named FAST FIVE SYSTEM-UNITED PHOENIX TEAM.
FAST FIVE SYSTEM-UNITED PHOENIX TEAM claims to be a marketing arm of ROYALE BUSINESS CLUB INTERNATIONAL, INC. The said entity aims to recruit members of the Philippine National Police, teachers, and other government officials mainly because these people can easily avail of a loan that they can use to pay for the membership fee to ROYALE BUSINESS CLUB INTERNATIONAL, INC.
Based on the information gathered by the Commission, FAST FIVE SYSTEM-UNITED PHOENIX TEAM lures the public by recruiting them to become members of ROYALE BUSINESS CLUB, INC. Instead of enrolling one account, they convince the prospective investor to enroll seven accounts under one name simultaneously. The seven accounts amount to ONE HUNDRED FIFTEEN THOUSAND PESOS (PhP115,000.00). In return, the investor would receive Royale's Product worth One Hundred Fifty-Five Thousand Pesos (PhP155,000.00), more or less. Upon payment of the said amount, the investor will automatically receive a net profit in...
