One among the many lessons learned here is that the public should not underestimate the public warning released by SEC.

The Commission will not give a Sec Warning for the public for nothing.

To ddyo: The Law states that all businesses in the country by it small to large scale pay taxes. As good citizens, business owners have to pay taxes. Now small businesses like sari-sari stores and cigarette vendors are exempted from paying taxes from their earnings since their business is too small and volatile for registered with SEC. But they too pay taxes when they purchase their inventory (packs of cigarettes). (Hey, even when you buy from Ebay and websites, you still have to pay for taxes.)

There are a lot of disadvantages for local based On-line busisness that are not SEC registered. For one, they cannot apply for on-line credit card charging facilities since banking institutions will require that they be SEC registered first.

Now money/investment owed by Francswiss to investors are their liability. Investors cannot demand that SEC give back their money after the company fall out because the business transaction is between the investor and Francswiss.

The SEC is there to protect the public. If you transact with non-SEC registered businesses, you’re putting yourself in a lot of risk. SEC can revoke business permits once proven that a business has illegal transactions and/or is a threat to the public.

So better to be safe than sorry.

whats next..?

Yes, many countries have a Securities and Exchange Commission, which they refer to as the SEC. This one is the Philippine government.

I can see where you could mistake it for the US SEC, though. It seems that the US SEC is to blame for most things in HYIP land. LOL

JMO,
Sharon

If the program belong to another country and you don´t accept USA citizens… why can you be registered in SEC?, are they the country to regulate all the investment programs around the globe with those features? lol

I understand that it can be an advise to USA citizens only.

And about the lock-up period: many reliable banks offer a profit locking-up during some time your funds. Are they also ponzis?.

Some reliable programs need to lock the funds during a period or the program will crash if people can suddenly withdraw the money and this program is trading at the long term with a risk in the positions.

And dollar is the most used currency in the world. If you accept money it´s logical that it can be in dollars.

I agree with the rest of features.

NBI Press release on Francswiss
Francswiss financial adviser nabbed by police
Is FrancSwiss a scam?

http://francswiss.ws and this http://frankyswiss.50webs.com/serene

Many say Francswiss is from Singapore and SwissCash own team from there.

Warning: NBI Manila Anti-trafficking Division ang biggest kidnapping syndicate sa Pinas kaya ingat kayo. Since 2000 pa sila nag-ooperate. Ang target nila is scammers, illegal aliens, tax evader or kahit sino na may legal problem basta mayaman.

BTW, isa c genghiskan sa yahoo answer, etc… ang nagsimula ng kaguluhan kc nag-market sya sa blogs at forums ayan tuloy mga gago, gobyerno at sec ang nakuha nya…. Apektado tuloy FS…

And A-1 info to: Doyee Tactacan-Tumpalan, owner of First Quadrant and Vitaplus, Sister-in-law of Mike Defensor, ang nagpa-press sa atin. 3M ang ginastos! Ang text nya is ganito: “Let them feel my wrath. I don’t care who I step on!”

Some guys are also pointing at Bengco but it’s not an A-1 info. But If by chance may nag-recruit sa inyo na ang Daily Interest is 8 to 10%, HYIP na ni Bengco yan.

palabas lang yung pagkakahuli sa tv patrol para hindi magmukhang pinalagpas lang ang mga balita. currently, nakalabas na si ely ngayon, im sure they’re goin’ to fix this sa dami ba naman ng investors nila na may gov’t officials and generals pa.

From FS Baguio: FrancSwiss Advisory!!! FS will go on despite the HARASSMENT now going on. Top leaders are now in Singapore to tackle the legal issues. In a few days our WEBSITE will be open again. Nothing to worry and nothing to fear. FS no. 1. Mr. Ely Castillo was released already. No case was filed against him.

BREAKING NEWS TO ALL FRANCSWISSERS!

FRANCSWISS COMMITTEE WERE ABLE TO PROVE TO NBI THAT THEY ARE A LEGAL COMPANY IN THE US, SINGAPORE AND NOW IN AUSTRALIA.

FS IS DOING EVERYTHING THEY CAN TO LEGALIZE THEIR COMPANY HERE IN THE PHILIPPINES. IF THEY WERE ABLE TO MEET ALL THE DEMANDS OF OUR GOVERNMENT THEY WILL BE PERMITTED TO GO ONLINE AGAIN. BUT EXPECT TAX TO BE DEDUCTED FROM OUR INCOME AND FSDI WILL BE LOWER.

DON’T LOSE HOPE PEOPLE. GOOD LUCK TO ALL OF US!

THIS MESSAGE WAS FROM A VERY RELIABLE SOURCE. PLEASE PASS.