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Beware of Oneline or Monoline Marketing Scheme, says SEC
SEC added that to join in the scheme, an investor has to buy one Vitamin C product kit for P1,000 at a promo discounted price and recruit 2 direct referrals or take 3 heads at a cost of P3,000.
SEC advises the public to think first before investing and verify the legal existence of the company, the quality of the product and the credibility of the people managing it.
SEC says, "...it is a questionable deal if the money you will earn is dependent on the number of the participants you can recruit and not on real products and real sales..."
For more information about this marketing scheme, you may inquire SEC Corporation Finance Department with telephone numbers: 584-6103 or 584-5950 or the Enforcement and Prosecution Department of the SEC at telephone number: 584-71-87.
You can read the full details the SEC Advisory below:
Earning mainly through recruitment is a pyramiding scheme, a scam and illegal. SEC wants to point it out that if your oneline or monoline marketing scheme is earning mainly through recruitment and the product is just a cover-up, then its a pyramiding scheme or a scam.
Are you engaged in Oneline or Monoline Marketing Scheme (business)? Do you feel that your marketing scheme is legal and nothing to worry about? Tell us in the comment below.
"Beware of Oneline or Monoline Marketing Scheme, says SEC" was written by admin under the Business category. It has been read times and generated 1 comments. The article was created on .
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