Peso Korner

Peso Korner

Thursday, July 30, 2015

SEC Advisory against Wealth Builder Advertising (WBA)

Narinig mo na ba ang tungkol sa Wealth Builder Advertising? Naglabas nanaman ng bagong babala ang SEC laban sa WBA (Wealth Builder Advertising) na ayon sa kanila ay walang permit to operate.

What is WBA? According to their website, WBA is an advertising company that caters to the investor's advertising needs. Upon joining, the investor will be purchasing shares with an advertising package that can be use to advertise their business. 

There are 2 ways to earn:

1. Buy shares - earn up to 150%. Each share is Php898, so expected return is Php1,347. You don't need to recruit to earn 150%.

2. Direct Referrals - Kung wala kang pambili ng shares ay pwede ka pa ring magregister for free at pwede mong i-share ang referral link mo, kikita ka mula sa shares na bibilhin ng mga nag-register sa link mo up to 8th level. 

I visited their official fb page and came across some posts from investors who are already complaining:

This lady invested and bought a lot of shares and according to her until now she has not received any payout.

This guy (2nd comment) is already complaining about the delay in maturity of his investment for him to qualify for a payout. 

Here is a post about the customer service of WBA, that a lot are complaining about the delay in their payout but no reply/comment from the company.

Here's a copy of SEC's Advisory:

Napakaraming nabibiktima ng mga ganitong investment schemes. Nakakalungkot isipin na dahil sa pagnanais nating kumita ng madalian, nauuwi lang sa panghihinayang. Moral lesson kabayan is that aralin muna ang isang bagay bago pasukin. Yes it is true that every investment involves risk, even putting up your own business, but lagi nyong tatandaan na pag ang isang bagay ay kaduda-duda kung paano kumikita, mag-isip-isip muna!  

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