Philippine SEC Urges Caution Regarding Ecomamoni

MANILA, Philippines — The Securities and Exchange Commission (SEC) has reiterated its warning to the public regarding investment solicitations promoted by Ecomamoni. The regulator cautions that Ecomamoni is not authorized to solicit investments and its operations lack the necessary licensing.

Misuse of SEC Certification and False Claims

In its recent advisory, the SEC disclosed that Ecomamoni has been using a purported SEC certificate of registration under the corporate name Ecomamoni Environmental Recyclable Materials Manufacturing Inc. to falsely claim legitimacy. These claims were reportedly shared on the Facebook page of “Ecomamoni Partner,” misleading investors by boasting that the company has official certification.

The SEC revealed that Ecomamoni continues to solicit investments through a new scheme requiring participation fees ranging from PHP 600 to PHP 165,000. In return, the company promises daily earnings of up to PHP 7,000—a claim deemed unrealistic and unsustainable by the regulator.

According to the SEC, Ecomamonis business model exhibits the characteristics of a Ponzi scheme, wherein funds from new investors are used to pay returns to earlier participants. Such schemes primarily benefit top recruiters and early investors, leaving late-stage participants at significant risk when recruitment slows or ceases.

Regulatory Stance and Public Warning

The SEC has reiterated that Ecomamoni and its related entity are not authorized to solicit investments under Section 8 of the Securities Regulation Code. The regulator strongly urges the public to avoid any dealings with Ecomamoni or its representatives and to remain vigilant against similar high-risk schemes.

The SEC encourages the public to report any suspicious investment schemes to the authorities. By raising awareness, the regulator aims to protect investors from falling victim to fraudulent activities.