Munificence Ministry

2019SEC ADVISORYThe Commission has received information that MUNIFICENCE MINISTRY, representing itself as a non-profit organization and operating under INTERDENOMINATIONAL EVANGELICAL CHURCH MINISTRIES, INC. with activities in Mindanao particularly in the cities of General Santos and Tagum, is enticing the public through social media to invest by offering generous interest income. HTcADCBased on public posts of MUNIFICENCE MINISTRY, it represents that it is registered with the Commission under SEC Registration Number CN201328348 and it offers investment to the public with "45% monthly payout, 45% lock-in 4 months."The investment scheme in particular is illustrated as follows: MUNIFICENCE CALCULATORENTRYMONTHLY4TH MONTH SAVED-IN5,0002,25022,10210,0004,50044,20515,0006,75066,30720,0009,00088,41030,00013,500132,61550,00022,500221,025100,00045,000442,050200,00090,000884,101300,000135,0001,326,151500,000225,0002,210,253 In the table given, it appears that the "4th Month Saved-in" which represents the value of investment after the lock-in period of four (4) months is computed as the sum of the "Entry" or amount invested and its corresponding interest compounded at 45% for four (4) months. The public is hereby informed that SEC Registration Number CN201328348 belongs to INTERDENOMINATIONAL EVANGELICAL CHURCH MINISTRIES, INC., a religious non-stock corporation registered with the Commission as a religious organization. MUNIFICENCE...