June 30, 2020
SEC ADVISORY
The Commission has received information that an individual or group of persons representing an entity named RCASHONLINE are enticing the public to invest their money in the said entity with the promise of high monetary rewards or profits.
Information gathered from reports received by the Commission shows that RCASHONLINE entices the public to invest by offering a business opportunity through the following packages: (i) Starter Package: PhP18,660.00 for 1 account; (ii) Business Package: PhP55,980.00 for 3 accounts; and (iii) Elite Package: PhP130,620.00 for 7 accounts. The Elite Package is said to include a PhP1M insurance.
Likewise, reports revealed that RCASHONLINE is representing Royale Business and that Royale products are included in the abovementioned packages. It was emphasized that the member-investor will earn through recruitment rather than selling/reselling of products. HTcADC
Below are screenshots of some Facebook (FB) posts of its enticement:
Further investigation online shows that RCASHONLINE is employing the same schemes and is being managed by the same person or group of persons operating the ONLINEBIZ and the ELITE ENTREP BLUE PRINT, which...
