Return to Question

I’m not sure if this should be here or at interpersonal skills but there is currently a company in the Philippines asking people to invest and to me, in my opinion it smells like a Ponzi scheme.

Most of my friends and relatives, a lot of people, have already invested in this and have gotten great returns. And they keep bugging me to join. I told them that this is most likely a Ponzi scheme but they wouldn’t listen because they are actually getting paid out fast.

The only evidence I have that this might be a Ponzi scheme is this warning from the government that says this company is not licensed to sell securities. But when I tell them, the people recruiting me, this... they say its already old news and is no longer true. But I think the warning should have been removed if that were the case.

I think the official website of the company is: organicoagricorp.com

What do you guys think, am I wrong?

If I’m right, how should I convince them to stop bugging me?

Based on Philippine law what happens to the investors who knowingly invests in such scam?

This is currently trending and a lot of people are even posting their money/payout on social media with the sarcastic caption of “It’s so great to be scammed”.

update

I have added the official response of SEC to my question as an answer. If I understand their response correctly, the company has registered as a corporation BUT IS STILL NOT LICENSED TO SELL SECURITIES.

I’m not sure if this should be here or at interpersonal skills but there is currently a company in the Philippines asking people to invest and to me, in my opinion it smells like a Ponzi scheme.

Most of my friends and relatives, a lot of people, have already invested in this and have gotten great returns. And they keep bugging me to join. I told them that this is most likely a Ponzi scheme but they wouldn’t listen because they are actually getting paid out fast.

The only evidence I have that this might be a Ponzi scheme is this warning from the government that says this company is not licensed to sell securities. But when I tell them, the people recruiting me, this... they say its already old news and is no longer true. But I think the warning should have been removed if that were the case.

I think the official website of the company is: (removed)

What do you guys think, am I wrong?

If I’m right, how should I convince them to stop bugging me?

Based on Philippine law what happens to the investors who knowingly invests in such scam?

This is currently trending and a lot of people are even posting their money/payout on social media with the sarcastic caption of “It’s so great to be scammed”.

update

I have added the official response of SEC to my question as an answer. If I understand their response correctly, the company has registered as a corporation BUT IS STILL NOT LICENSED TO SELL SECURITIES.

I’m not sure if this should be here or at interpersonal skills but there is currently a company in the Philippines asking people to invest and to me, in my opinion it smells like a Ponzi scheme.

Most of my friends and relatives, a lot of people, have already invested in this and have gotten great returns. And they keep bugging me to join. I told them that this is most likely a Ponzi scheme but they wouldn’t listen because they are actually getting paid out fast.

The only evidence I have that this might be a Ponzi scheme is this warning from the government that says this company is not licensed to sell securities. But when I tell them, the people recruiting me, this... they say its already old news and is no longer true. But I think the warning should have been removed if that were the case.

I think the official website of the company is: organicoagricorp.com

What do you guys think, am I wrong?

If I’m right, how should I convince them to stop bugging me?

Based on Philippine law what happens to the investors who knowingly invests in such scam?

This is currently trending and a lot of people are even posting their money/payout on social media with the sarcastic caption of “It’s so great to be scammed”.

I’m not sure if this should be here or at interpersonal skills but there is currently a company in the Philippines asking people to invest and to me, in my opinion it smells like a Ponzi scheme.

Most of my friends and relatives, a lot of people, have already invested in this and have gotten great returns. And they keep bugging me to join. I told them that this is most likely a Ponzi scheme but they wouldn’t listen because they are actually getting paid out fast.

The only evidence I have that this might be a Ponzi scheme is this warning from the government that says this company is not licensed to sell securities. But when I tell them, the people recruiting me, this... they say its already old news and is no longer true. But I think the warning should have been removed if that were the case.

I think the official website of the company is: organicoagricorp.com

What do you guys think, am I wrong?

If I’m right, how should I convince them to stop bugging me?

Based on Philippine law what happens to the investors who knowingly invests in such scam?

This is currently trending and a lot of people are even posting their money/payout on social media with the sarcastic caption of “It’s so great to be scammed”.

update

I have added the official response of SEC to my question as an answer. If I understand their response correctly, the company has registered as a corporation BUT IS STILL NOT LICENSED TO SELL SECURITIES.

I’m not sure if this should be here or at interpersonal skills but there is currently a company in the Philippines asking people to invest and to me, in my opinion it smells like a Ponzi scheme.

Most of my friends and relatives, a lot of people, have already invested in this and have gotten great returns. And they keep bugging me to join. I told them that this is most likely a Ponzi scheme but they wouldn’t listen because they are actually getting paid out fast.

The hardest evidence I have that this is a Ponzi scheme is this warning from the government that this company is not licensed to sell securities. But when I tell them, the people recruiting me, this... they say its already old news and is no longer true. But I think the warning should be pulled down if that is the case.

The official website of the investment company is: organicoagricorp.com

What do you guys think, am I wrong?

If I’m right, how should I convince them to stop bugging me?

Based on Philippine law what happens to the investors who knowingly invests in such scam?

This is currently trending and a lot of people are even posting their money/payout on social media with the sarcastic caption of “It’s so great to be scammed”.

I’m not sure if this should be here or at interpersonal skills but there is currently a company in the Philippines asking people to invest and to me, in my opinion it smells like a Ponzi scheme.

Most of my friends and relatives, a lot of people, have already invested in this and have gotten great returns. And they keep bugging me to join. I told them that this is most likely a Ponzi scheme but they wouldn’t listen because they are actually getting paid out fast.

The only evidence I have that this might be a Ponzi scheme is this warning from the government that says this company is not licensed to sell securities. But when I tell them, the people recruiting me, this... they say its already old news and is no longer true. But I think the warning should have been removed if that were the case.

I think the official website of the company is: organicoagricorp.com

What do you guys think, am I wrong?

If I’m right, how should I convince them to stop bugging me?

Based on Philippine law what happens to the investors who knowingly invests in such scam?

This is currently trending and a lot of people are even posting their money/payout on social media with the sarcastic caption of “It’s so great to be scammed”.