SEC Facebook

The Commission has received information that individuals or group of persons
representing
an entity named
PETROMOBIL CORPORATION
are
enticing the
public to invest in
said entity
.
Based on the reports from the public,
PETROMOBIL CORPORATION
is enticing the public to
invest in the said entity by offering would
–
be investors a Co
–
Ownership Program for a minimum
capital of Php 400,000.00 for a promise of receiving a conservative profit
amounting to Php
100,000.00 within a period of 3 months and a chance to co
–
own 17 gas stations which the company
are planning to build.
It was further reported that the 17 Gas Stations will be managed by
PETROMOBIL
CORPORATION
and investors were given a p
romise to received 60% of the net income which will be
given on a quarterly basis. Likewise,
PETROMOBIL CORPORATION
promised to give would
–
be
investors shares of stocks which will be issued to each co
–
owner through a Deed of Assignment.
Furthermore,
PETR
OMOBIL CORPORATION
also offers would
–
be investors an Oil
Importation Co
–
Ownership Program for a minimum capital of Php 500,000.00.
In its Facebook Page post,
PETROMOBIL CORPORATION
is inviting the public to invest and
be a co
–
owner of its gas stations wit
h 1 seat capital contribution for as low Php 500,000.00.
and be a
co
–
franchisee of 5 stations including commercial establishment for a capital of Php 500,000.00
. Below
are the screenshot copies of the said FB posts:
In the same FB Page,
PETROMOBIL CORPORATION is enticing to public to be a vessel
co
–
owner for only Php 400.000.00. Below is a screenshot copy of the said FB post:
In
its document
entitled Memorandum of Agreement,
PETROMOBIL CORPORATION
guarantees that co
–
owner will
receive shares of stocks through
a
Deed of Assignment. In the same
document, it was stipulated that the capital contribution of a co
–
owner/partner shall be Php
500,000.00. and the co
–
owner/partner will receive 60% as a profit of the net monthly revenue whi
ch
will be release
d
and distributed every 3 months to the partne
r.
Below are the screenshot
copies
of
the said stipulations:
The public is hereby informed that
PETROMOBIL CORPORATION
is
not authorized to
solicit inve
stments from the public as this
entity
did not secure prior registration and/or license to
solicit investment from the Commission as prescribed under Section 8 of
the Securities Regulation
Code (SRC).
Those who act as salesmen
, brokers, dealers or agents of
PETROMOBIL CORPORATION
in
selling or convincing people to invest in the investment scheme being offered
by the said entity
including soliciting investments or recruiting investors
t
hrough the internet may
be held criminally
liable under Section 28 of the
SRC
and penalized with a
maximum fine of Fiv
e Million Pesos
(Php5,000,000.00)
or imprisonment of Twenty One (21) years or both pu
rsuant to Section 73 of the
SRC (
SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014
).
In view thereof, the public is hereby advised to
STOP INVESTIN
G
in the investment scheme
being offered by
PETROMOBIL CORPORATION
or its
representatives.
Furthermore, the names of all those involved will be reported to the Bureau of Internal
Revenue (BIR) so that the appropriate penalties and/or taxes be
correspondingly assessed.
Should you have any information regarding the operation of the subject entity, please call the
Enforcement and Investor Protection Department at telephone numbers
8
818
–
6047.
For the guidance of the public.
Pasay City, 01 July
2021