is tvi illegal & a scam?
DESCRIPTION
Is TVI illegal & a scam?. Common Issues. No Product. Truth. More as deals are availed. VALUE FOR MONEY (HOTEL). More as deals are availed. VALUE FOR MONEY (RESORT). COMPARED TO CLUBS. Illegal Pyramiding/Ponzi Scheme. Truth. Australia. Georgia. India. South Africa. - PowerPoint PPT PresentationTRANSCRIPT
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
TruthTruthTruthTruth
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
TruthTruthTruthTruth
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.)
Shape Is Just A FormShape Is Just A Form
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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
TruthTruthTruthTruth
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.