2019
SEC ADVISORY
The Commission has received information that individuals or groups of persons representing RIGEN MARKETING ("RIGEN") are enticing the public to invest in the said entity online and through walk-in solicitations.
Accordingly, RIGEN is a new startup company based in Tagum City, Davao del Norte and has expanded to other provinces of Davao Oriental, Occidental, Davao del Sur, General Santos City, and other neighboring cities and municipalities.
Verily, its aim is "to help the financial needs of individuals by providing a concrete system allowing ordinary people to have solid additional income."
Based on the information gathered by the Commission, RIGEN is engaged in soliciting investments and promises to the public a guaranteed return of 400% in just 30 days less or more.
The said invest scheme is illustrated below: HSAcaE
INVESTMENT | RETURN/INCOME 400% | REGISTRATION FEE |
5K | Turns-20k | 150 |
10K | Turns-40k | 300 |
15K | Turns-60k | 450 |
20K | Turns-80k | 600 |
25K | Turns-100k | 750 |
30K | Turns-120k | 900 |
40K | Turns-160k | 1200 |
50K | Turns-200k | 1500 |
Allegedly, RIGEN is operated by personalities who are said to be "BIG PLAYERS" in FOREX and CRYPTO-CURRENCY Trading and duly licensed in Singapore.
Where the scheme involves the sale of securities to the public, SRC requires that the issuing person and/or entity must be a registered corporation with...