DAVAO CITY — The Enforcement and Investor Protection Department of the Securities and Exchange Commission (SEC) has issued another set of advisories against several entities soliciting investments from the public without the necessary licenses.
The following corporations have operations within SEC-Davao’s Area of Responsibility (Davao Region, Soccsksargen, Cotabato City and Maguindanao Province):
- WELLCONS UNLIMITED SYSTEMS, INC. (WELLCONS)
- ASTRAZION INTERNATIONAL, ASTRAZION NOBLE TASK COMMUNITY FOUNDATION and ASTRAZION GLOBAL HOLDINGS INC.
For the complete list of advisories, you may visit https://www.sec.gov.ph/investors-education-and-information/advisories/
WELLCONS UNLIMITED SYSTEMS, INC. (WELLCONS), with principal office located at P15A, National Highway, Bagontaas, City of Valencia, Bukidnon and headed by MERARI PAILAGAO, is enticing prospective individuals to join the company through the “binary system” and “pangakabuhayan system”.
The “pangkabuhayan system” is actually the “double-your-money” scheme of the company where the package/s availed of by the member will earn Php3,000.00, Php5,000.00, and Php10,000.00 for Bronze (worth Php1,500.00), Silver (worth Php2,500.00), and Gold (worth Php10,000.00), respectively. However, the guaranteed income of Php3,000.00, Php5,000.00, and Php10,000.00 shall be given to the investor based on a daily rewards of Php15.00, Php25.00, or Php50.00 depending on the package availed of, which total…
