The SEATAOO Scandal | Dropshipping Scam

As of June 25, 2024, it has been reported na SEATAOO will close down. Bantayan natin ang pangako na mawiwidthraw daw ng sellers ang pera nila paunti paunti dahil ngayon di pa rin makawidthraw.

Today, we're exposing the Seataoo dropshipping scam. The SEC recently revoked Seataoo’s license, and if you're involved, you need to take your money out right now.

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Why People Say It's A Scam
Red Flag #1: Upfront Payment Requirement
Seataoo claims to be a dropshipping platform, but it requires sellers to pay for products after an order and before shipping.

Red Flag #2: Evaluation
Sellers must fund orders to pass Seataoo’s evaluation, encouraging more capital deposits.

Red Flag #3: Indefinite Order Holding
Orders are held indefinitely until the seller has enough funds to process them, creating uncertainty and cash flow issues.

Red Flag #4: Long Delivery Times
Delivery can take up to 10 days after the seller pays, making it a bad business model for the fast-paced e-commerce market in the US.

Red Flag #5: Lack of Real Customers
There’s no evidence that Seataoo’s customers are real. You might be paying for products based on fake orders.

Red Flag #6: No Clear Return Policy
Seataoo’s unclear return policy is a red flag, especially since US customers love to return things.

Red Flag #7: Leverage
Seataoo's promoters claim leverage is key, but it's inefficient and creates bottlenecks.

Red Flag #8: Silencing and Threatening Critics
Seataoo silences and threatens critics, a classic scam tactic.

SEC DELIVERS THE FINAL BLOW!

The SEC revoked Seataoo’s license after a thorough investigation, citing multiple violations of the Securities Regulation Code (SRC) and the Financial Products and Services Consumer Protection Act.

SEC Findings and Violations

Misrepresentation of Business Model: Seataoo claimed to be a dropshipping platform but operated an investment scheme.
Soliciting Investments Without a License: Seataoo solicited investments from the public without the necessary licenses.
Debunking Seataoo's Announcement

Seataoo's announcement claimed the revocation order was due to a competitor's complaint and that they were not an investment platform. However, the SEC's decision was based on a thorough investigation, revealing that Seataoo manipulated seller dashboards, created fake orders, and required upfront payments, characteristic of an investment contract rather than a retail operation.

Conclusion

Do you believe the SEC or Seataoo? Discuss in the comments below. Always do your due diligence before investing your time and money. Stay smart, stay safe, and keep watching Invested Lifestyle. Don’t forget to like, share, and subscribe. If you want to support me more, consider becoming a member.

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DISCLAIMER:

This channel is an exercise in free speech with an intention of public education. The conclusions and declarations are the opinion of the author. Nothing in the channel constitutes a claim that any referenced company is a criminal or illegal enterprise within the framework of current law and law enforcement. Scams, bad business opportunities, bad investment, and shady are subjective terms that mean different things to different people.

This video does not constitute and is not intended as advice or recommendation regarding investment decisions or strategies. It is not intended to cause any actions by individual consumers other than to consider the information provided. The information contained in this video has been obtained from sources that are publicly available and which the creator believes to be reliable. Some data cited in the report are estimates based on relevant available information.

[InvestedLifestyle]

SEATAOO UPDATE: As of today, nakareceive ako ng report na magsasara na ang SEATAOO, I hope everyone gets their money back.

If you've found value in our free financial education and anti-MLM content, show your support by hitting that 'Thanks' button below! Your encouragement fuels my mission to spread truth and empower others. Let's continue this advocacy together!

[TheBedan]

Hi! I’m a Seataoo seller, and I saw the red flags but my mistake was I oversaw those.

Thanks still, even if it’s too late for me and this is a very expensive learning. You have given me a different perspective.

Thank you to a more empathetic approach on your video. I’ll remember this, ‘We are not fools, we are just victims.’


Keep up the good work and good luck on your own legal battles.

Wishing you all the best!

[juancarlodelosreyes]

Wow! I was supposed to join Seataoo but you SAVED MY LIFE!!!

[louger-tppl]

Ako naman na halata ko agad na scam ang SEATAOO dahil sabi nila international daw sila at mostly ang buyer ay nanggagaling sa abroad, kaya nag try ako bumili sa website nila dito sa Australia pero nagulat ako dahil hindi sila gumgamit ng international payment gaya ng PayPal, Zip or visa kaya napaisip ako pano sila nagkaroon ng maraming order sa abroad eh payment method pa lang palpak na sila.

[MusicParallel]

Salamat maam elaine. Lagi po ako nanonood nga mga videos niyo about mlm. Keep up the good works po!

[limitlessph]

Tama ka madam. members ng sitaw, ano na pa man ang sasabihin sainyo ng di kasarapang sitaw, ang gov specially ang SEC nagsalita nag decide na. STOP. Ano mas marunong pa ba kyo sa SEC?

[rosettemanalo]

It was my first time joining and eto flop agad hay malungkot pero lesson learned bawi nlng in other ventures

[xleqfjw]

nakakatawa na lang yung nagsabi na magrereport daw for misleading content. hellooo, sec na nga nagsabi. thank you mam elaine!

[bunskie_misteryoTV]

Dumb people will believe and defend lies, rather than admit to themselves that they are being fooled. 😅

[jaizaspartyneedsandaccesso]

Napakadaling e analize, if bibili yung costumer ng product at meron syang pambili ng product, bakit kelangan p ng 3rd party para bayaran lng yung produkto. Parang shoppe. Direct kna magpay or COD. Hmmmp

[ahnjmustard]

Malinaw naman na Networking ito pero in the form of e-commerce platform kuno haha, meron nga Teacher sa school ng anak ko seatao member din sya and encourage pa nya ang isang teacher nag uusap sila, anlaki n raw ng kinita nya, kung mabilis kumita at malaking kumita talagang d kapanipaniwala kc ang pera pinaghihirapan yan kitain hindi manloko ng tao para kumita🙂Mabuti na lang may mga ganitong vlog na nakakatulong satin na imulat ang mga tao, Thank You

[biboydoce]

Ingatan ang pera huwag maniniwala sa madaliang pagkita.

[helensalazar]

Grabe Mam Elaine, para lang tumutubong kabute ang mga scams eh. 🥲

Salamat sa patuloy na pag gawa ng mga informative vids. More power!

[MasterInitiator]

nagseataoo ako before, almost 4mos din and kumita ako ng 20k but after that i've decided to stop dahil may mga red flags na ko nakikita. luckily good decision for me.

[venrylevlogs]

buti mayroong mga ganitong video.. para naliliwanagan yung mga may pera pero walang utak pa sa ganitong investment kuno.. Thanks mam!

[nuclearnadal]

Ang pinakastriking dito sa video ay ung last part. Posible ka mascam kahit anong estado at educational attainment mo sa buhay. Let's not mock those who were duped. Importante may natutunan at sana maging advocate din sila para di mabiktima ang ibang tao ng gantong scam.😊

[rhythm]

nakakalungkot lng na konti sumusuporta sa ganitong channel mas gusto nila support yung mga scammer. more power mam sana marinig k ng mga tao

[vanzbeloy]

God is so good nagpunta kami sa seataoo para mag invest pagdating nmin close na ang seataoo 2weeks ago na god is so good talaga hindi ako na scam

[uphightrucker]

I admire this page. Sobrang galing. Thank you. Eto yung dapat nagviviral eh.

[susanjinayon]

Thank you po invested lifestyle na dala na po ako s a ha MLM na Yan. Thank sa pag gawa ng vedio Para MA aware ang mga Tao. New followers po ako❤️