Newmont Philippines

April 30, 2020ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENTSEC ADVISORYThe Commission has gathered information regarding the alleged investment-taking activities and operations of an entity named NEWMONT PHILIPPINES.Based on the information and reports from the public, NEWMONT PHILIPPINES claims to be engaged in the mining industry and manufacturing of heavy equipment. It further avers that all of its businesses are outside of the Philippines contrary to our findings. Apparently, NEWMONT PHILIPPINES lures the public to invest in their scheme through referral system designed to encourage its members to recruit others as well in its system in order to earn income.Once interested, these investors will be invited in NEWMONT PHILIPPINES' Facebook (FB) group chat where a certain FRANCIS HERMOSA explains about NEWMONT PHILIPPINES' business operation including its background, investment packages and procedure, and the mode of payment or payout for the investment made.Thus, the scheme of NEWMONT PHILIPPINES is to entice the public to invest in its NEWMONT COMPENSATION PLAN where it emphasizes that an investor can earn in three (3) ways, to wit:1. PASSIVE INCOME of two percent...