YDYS Trading Review _ YDYS bags an SEC warning for illegally imposing a clause in the Certificate of Incorporation that allows it to solicit investments.
Providing only a slate-page sign-in portal, the company would have members invest in crypto securities without due regulations. YDYS keeps other affiliate rewards and loyalty perks to boot. But not long after starting the hushed racket, YDYS has caught the attention of the Philippines SEC commission.
Reacting to the incident, the Enforcement and Investor protection Protection Department warned the public about the scam.
If you look at the crop of MLMs online, you’d notice they tend to preempt regulation by claiming that they do not offer securities.
Contrarily, the SEC started the notice preamble by grouping any ROI-yielding portfolio as investment security under the Securities Regulation Code (SRC). in which case, YDYS was directed to follow due diligence. A piece of advice gone to the wind, apparently.
As for the owner, Mar Albert Pondang Hidalgo, he is outed for fronting therapy equipment without any deference to medical jurisdictions. He would rehash this pattern with his YDYS MLM company, ignoring local SEC laws.
Nothing else is overly suspicious about him except a short streak running PR for one or two brands in the MLM business.
YDYS is his first project that winds up within the SEC cordon. Read more about this company in our YDYS Trading Review. See details below.
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YDYS Trading Review: CEO Mar Offers Crypto Packages
We mentioned that the company CEO (identified as Mar henceforth) was promoting the private sale of medical equipment. He seems to have PR-ed for wellness companies (at least one) in previous career iterations.
Mar recouped his YDYS Trading with crypto and flush with package sales.
For example, you can purchase a membership package for an attached ROI per validity period. Below is how it works.
People can sign up as YDYS members by buying membership packages in the range of 300PHP to 50,000PHP.
High-profiting members will have bought larger packages since the tier-weighted ROIs depends on the investment plan. After a forty-five (45) days’ cycle, the member will invest the threshold entry deposit to continue getting ROIs.
Below is how the Affiliate Compensation plans work
YDYS Trading Membership & Perks
Gold Staking _ available for fifty thousand (50,000) PHP and remits one hundred and twenty-five thousand (125,000) PHP
Orange Staking _ goes for five thousand (5000) PHP and remits twelve thousand five hundred (12,500) PHP
Blue Staking _ sells for one thousand (1000) PHP and remits two thousand five hundred (2500) PHP
Red Staking _ sells for three hundred (300) PHP and remits seven hundred (700) PHP
The packages are available for forty-five (45) days, after which the holder will have to reinvest and earn ROIs.
Our YDYS Trading Review already mentioned that the ROI cap is 250%. It is an HYIP _ an untenable scheme that isn’t backed by an underlying investment.
Although YDYS website doesn’t show anything else apart from a registration slip, MLMs typically spur recruitment with unilevel lattice and other referral perks. Below is how a unilevel works.
The affiliate’s personally recruited members fill the First Level. The First Level referrals boot the Second Level by recruiting people to buy a package. Subsequently, the recursive arrangement yields a typical MLM compensation grid.
But this feature isn’t seen on the website.
Alternatively, our YDYS Trading Review finds that members earn fifty percent (50%) on commissions via the affiliate cycle.
Moreover, affiliates can get rewards (YDYS Incentives) upon accumulating a “product point” threshold. YDYS gives different gifts to qualifying members, ranging from phones and motorcycles to an SUV Montero car.
Our YDYS Trading Review could not find any mention of crypto audits or testimonials on the website. Is YDSY legit, then? Of course, it isn’t. See below for details.
YDS Execs Reprise Role despite SEC Warning
The problem with the platform is basically non-compliance with the Philippines SEC. It cues various issues with the site. For one, none of the advertised crypto ads gets similar bandwagon hype as the ROI posters online, implying that the company fixates on recruitment.
One thing inevitably happens when ROI-hype overruns actual backend investment _ pyramid scheme dunk.
The SEC already warns about risks that goes with investing cash in an unregulated business.
The few days following the warning saw YDYS officials delaying ROI payments as execs reprised roles that could set off other SEC investigations, including sourcing certificate of incorporation to sidestep regulation.
Conclusion _ Is it Safe?
If a crypto HYIP merges ex wellness product promoters into an unregulated MLM, it makes the perfect Ponzi match. And it is not even remotely the best way to invest money.
Until it clears the pending SEC license issues, YDYS is not safe.