Rufa Mae Quinto's lawyer, Atty. Mary Louise Reyes, confirmed that the comedienne is facing 14 counts of violation of Section 8 of the Securities Regulation Code.

"She will face those charges... mag-voluntary surrender siya and magpo-post po kami ng bail for that. She's worried kasi hindi naman totoo 'yung allegations kasi my client po is just a brand ambassador, a model-endorser," Reyes said in a report on 24 Oras, Monday, 2 December.

"Ni hindi sa kanya nakapagbayad ng downpayment, tapos 'yung mga tseke po puro tumalbog. Lahat po 'yan hawak naman po namin 'yung ebidensya, ipe-present namin sa court," the lawyer added.