SEC Advisory on Cristiano Alberto Real Estate Fund ("CAREFUND")

September 3, 2020ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENTSEC ADVISORYSEC ADVISORY ON CRISTIANO ALBERTO REAL ESTATE FUND ("CAREFUND")Based on information gathered by the Commission, CHRISTIAN ALBERT GAZA, more popularly known as XIAN GAZA is enticing the public to invest their money in CRISTIANO ALBERTO REAL ESTATE FUND ("CAREFUND").According to their website carefund.net, CAREFUND is an international venture capital group under the leadership of Christian Albert Gaza, who is also a real estate financier in Southeast Asia and the Chief Executive Officer/Chief Investment Officer of SINDICATO CRISTIANO GROUP OF COMPANIES.CAREFUND is composed of a 100-million-peso fund which is divided into 5,000 shares. Minimum amount of investment is Php20,000 equivalent to (1) one share and maximum amount of investment is Php1,000,000 equivalent to (50) fifty shares. This kind of deposit is similar to a time deposit or term deposit which has a lock-in period of 2 years or 24 months.There are two ways to earn in CAREFUND, by common profit and preferred profit. Under common profit, no direct referral is required. Under preferred profit, there must be at least...