is tvi illegal & a scam?

Is TVI illegal & a scam?Is TVI illegal & a scam?Is TVI illegal & a scam?Is TVI illegal & a scam?

Common Common IssuesIssues

No ProductNo ProductNo ProductNo Product

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Remarks Cash Equivalent

(PhP)

Cash Equivalent

(PhP)

Remarks

Membership Fee (PhP1,800.00 is EVAT)

15,000.00 41,691.27 Tariff rate if directly booked with Harbour MGM Grand, Executive Suite (US$333xPhp41.73/US$1 x 3 nights)

Taxes and Processing Fees (MGM Grand, Executive King-Size Suite)

15,884.00

Sub-total 30,884.00 41,691.27 Sub-total

1,200.00 Sample effective discount for booking using Lifetime Deals

1,000.00 Sample effective discount for booking using Lifetime Deals

Total 30,884.00 43,891.27 Total

VALUE FOR MONEY VALUE FOR MONEY (HOTEL)(HOTEL)

More as

deals are

availed

Remarks Cash Equivalent

(PhP)

Cash Equivalent

(PhP)

Remarks

Membership Fee (PhP1,800.00 is EVAT)

15,000.00 75,845.00 Tariff rate if directly booked with Pearl of the Pacific, Boracay (Php10,835 x 7 nights)

Taxes and Processing Fees (Pearl of the Pacific, Boracay)

7,500.00

Sub-total 22,500.00 75,845.00 Sub-total

1,200.00 Sample effective discount for booking using Lifetime Deals

1,000.00 Sample effective discount for booking using Lifetime Deals

Total 22,500.00 78,045.00 Total

VALUE FOR MONEY VALUE FOR MONEY (RESORT)(RESORT)

More as

deals are

availed

Club Fee (PhP) Inclusive

Eastridge

Membership: 150,000.00Monthly: 2,800.00

Golf courseDriving rangePitching & putting greens,

etc.

Wack Wack

Membership: 12,000,000.00Monthly: 8,000.00

Golf courseDriving range, etc.

DYL Travel

Club/Global Resorts Network

Membership: around 215,000.00 (US$4,995) for unlimited Platinum and 130,000 (US$2,995) for Gold (36 months)

Platinum: 8 days/7 nights in 5,000 affiliated resorts for around Php13,000.00 (US$298)

Gold: 8 days/7 nights in 5,000 affiliated resorts for around Php17,000.00 (US$398)

Club Astoria

Membership: 250,000.00 to 500,000.00 (30 years)

1 week stay per year for 30 years in 1 bedroom on any Astoria establishment

COMPARED TO CLUBSCOMPARED TO CLUBS

Illegal Illegal Pyramiding/Ponzi Pyramiding/Ponzi

SchemeScheme

Illegal Illegal Pyramiding/Ponzi Pyramiding/Ponzi

SchemeScheme

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AustraliaAustralia

GeorgiGeorgiaa

IndiIndiaa

South South AfricaAfrica

Supreme Court DecisionSupreme Court Decision

Facts of the Case

• PCI sold computer software & hosted website sans internet service

• US$294, buyer can acquire 15MB website• By referring downline buyers (at least 2), buyer

can earn commissions, real estate in RP & US, plus P50,000 worth of insurance coverage; US92/pair of downline

• 2001 – disgruntled members of Golconda Ventures (former outfit of PCI’s management) filed complaint with SEC CED, which issued CDO for violation of Revised Securities Act (R.A. 8799)

Facts of the Case (cont.)

• January 2001 – PCI filed petition for certiorari in CA

• 31 July 2003 – CA granted PCI’s petition & set aside CDO issued by SEC (using Howey test, CA ruled that PCI did not engage in investment scheme)

• 25 January 2012 – SC affirmed CA decision

SC Ruling

SC Ruling (cont.)

SC Ruling (cont.)

SC Ruling (cont.)

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No Proof of Holiday No Proof of Holiday Availment & Availment & Payment of Payment of

CommissionsCommissions

No Proof of Holiday No Proof of Holiday Availment & Availment & Payment of Payment of

CommissionsCommissions

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TVI’s Registered in TVI’s Registered in CyprusCyprus

TVI’s Registered in TVI’s Registered in CyprusCyprus

TruthTruthTruthTruth

Deuteronomy 8:18 (KJV)Deuteronomy 8:18 (KJV)

18 But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.