WARNING TO PEOPLE WHO PROMOTE PLUGGLE
Some people have invited me to join PLUGGLE and I asked them this simple question: What products or services are you selling? They just give me a simple answer that its advertising the website.
I was thinking in the lines of paid to click ads with additional payment for referrals like I did before but it seems it is not. I tried registering using my dummy email (you can register without paying the 1000) and looked at the layout of the website looking for signs of advertisements but I really can't find anything other than the usual binary structure prevalent in Multi-Level Marketing and pyramiding scams. One of the key differences between the two is that the former has products and services to offer while the latter has not. This raised my eyebrow and began really doubting the legitimacy of this company.
I kept on refusing to join as I was skeptical at this point and someone tried convincing me that it is not a scam since his 1000 investment had already gained. I recall EmGoldex had returns for their investors, and look what happened to it now. Return of Investment is not really a good case for the legitimacy of a company.
Then comes the warning from SEC (see the picture below) which has really proven that this company is to be avoided at all cost. The part that concerns me the most is this: "Consequently, those who act as salesman, brokers, dealers or agents of
PLUGGLE, INC., in selling or convincing people to invest in the investment scheme being
offered by PLUGGLE, INC. including solicitations or recruitment through the internet
may likewise be prosecuted and held criminally liable under Section 28 of the Securities
Regulation Code and penalized with a maximum fine of Five Million pesos
(P5,000,000.00) or penalty of Twenty One (21) years imprisonment or both pursuant
to Section 73 of the SRC.
Accordingly, those who invite or recruit other people to join or invest in this
venture or offer contracts or securities to the public may be held liable or accordingly
sanctioned or penalized in accordance with the Supreme Court decision in the case of
SEC vs. Oudine Santos (G.R. No. 195542, March 19, 2014)."
PLUGGLE, INC., in selling or convincing people to invest in the investment scheme being
offered by PLUGGLE, INC. including solicitations or recruitment through the internet
may likewise be prosecuted and held criminally liable under Section 28 of the Securities
Regulation Code and penalized with a maximum fine of Five Million pesos
(P5,000,000.00) or penalty of Twenty One (21) years imprisonment or both pursuant
to Section 73 of the SRC.
Accordingly, those who invite or recruit other people to join or invest in this
venture or offer contracts or securities to the public may be held liable or accordingly
sanctioned or penalized in accordance with the Supreme Court decision in the case of
SEC vs. Oudine Santos (G.R. No. 195542, March 19, 2014)."
I am concerned for my friends who have posted about joining this company. Friends, you might face possible jail time and a huge fine if you don't remove any traces of pluggle in any form of internet posting. One screenshot and I fear the worst for you.
I have friends and colleagues from International Marketing Group (IMG) who have been called arrogant and other insults for posting against this company. In IMG, we spread financial literacy and part of which is to avoid getting into get-rich-quick schemes and scams that can obstruct your financial goals and assuring your hard earned money will be used properly and legally. We do not posts because we are stopping you to earn additional income, as a matter of fact we encourage you to do it as long as it is legal. We are posting against Pluggle because we care about your well-being and make sure you are not another victim of manipulative and opportunistic people. I hope you are enlightened by my posts.
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