Republic of the Philippines House of Representutines Gueeon City, Mten ABantln HON. JONATHAN A. DELA CRUZ. Representative 2234 Pasty List, ABAKADA RESOLUTION DIRECTING THE COMMITTEES ON BANKS AND FINANCIAL INTERMEDIARIES AND ‘TRADE AND INDUSTRY TO INVESTIGATE, IN AID OF LEGISLATION, THE REPORTED PYRAMIDING ACTIVITIES OF NETWORKING-CUIM- INVESTMENT COMPANIES IN VIOLATION OF EXISTING SECURITIES AND INVESTMENT LAWS AND TRADE AND INDUSTRY PRACTICES AND FOR OTHER PURPOSES, Introduced by ABAKADA Representative Jonathan A. de la Cruz WHEREAS, of late there has been a resurgence of so-called networking compenies engaged in various Lndertakings colecting mills ifot billions of poses for eezess ane gorticipation ia such “profitable, quick money’ schemes; WHEREAS, reports have it that thousands of people many of whom small businessmen and dally wage earners have actually been lured by promises of high returns for their entry inte such schemes disguised as ‘ipyestments! ardor ‘trading in socuritios’ and similar operations; WHEREAS, one such operation initiated and managed by the One Draam Global Marketing incorporated (One Dream) which was only set up last May has reportedly amassed billions of pesos in ‘investments’ and * securities’ enticing ‘investors’ with promises of high returns under a so-called proft sharing scheme allegedly reiting 2n investor P1300 within a period of four days for just P88 in investments; WHEREAS, upan further investigation it was found out that One Drearn did not have any authority or permit to sell and market investment products and is cleary engaged in out-and-out pyramiding; WHEREAS, this is not the first time and will probably not be the last government does not pro-actively go after these rogue oparators corsidering that other companies such as EmGoldex, OKS Glebal Wellness, UK Funnel System, Unlimited Peso Network and the like including red flagged! operators lke Grupo Mateo, “Mult snd Aman Futures continue with their operations and have reportedly even expanded despite advisories to concerned agencies such as the SEC. DTI, PNP, NBI and DDI, among others. to puta stop to these elarious undertakings; NOW, THEREFORE, BE IT RESOLVED ASIT IS HEREBY RESOLVED, TO DIRECT THE COMMITTEES ON [BANKS AND FINANCIAL INTERMEDIARIES AND TRADE AND INDUSTRY TO INVESTIGATE, IN AID OF LEGISLATION, THE REPORTED PYRAMIDING ACTIVITIES OF NETWORKING-CUM-INVESTMENT COMPANIES IN VIOLATION OF EXISTING SECURITIES AND INVESTMENT LAWS AND TRADE AND INDUSTRY PRACTICES AND FOR OTHER PURPOSES. ADOPTED =— T Rim, 600 North Wing Bldg. Houss of Reprocentalives, Coneiituton Hile, Quezon City 1126 Phtippnes ‘Tel, Nos. 991 5464; 931 5001 local 7426