The Securities and Exchange Commission is urging the public to exercise caution when dealing with The Tipsy Tavern due to its unauthorized solicitation of investments.
Actively promoting its alleged bar/events place business through the Facebook page of Wisteria Lane/Wisteria Lane Suites, The Tipsy Tavern is enticing the public to invest.
Partner-investors are promised a monthly passive income ranging from P25,000 to P50,000.00 for a minimum investment of P500,000. Additional perks include a 10% discount at The Tipsy Tavern bar, a 15% discount for renting the event’s place, and a 2.5% commission for successful referrals.
According to the SEC, the investment schemes of this entity bear resemblance to a pyramid/Ponzi scheme, where earnings are derived from recruitment fees rather than the sale of actual products or services.
The SEC, committed to eliminating illegal investment-taking activities, continues its efforts through financial literacy campaigns and public advisories.