SEC flags Ponzi-like MCM scheme
The SEC has revoked the registration of MCM Royalty Legacy International, Inc. for operating a Ponzi-like scheme, illegally soliciting investments without…
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42 results for “ponzi”
Ponzis exploit snail-paced justice
The SEC investigation revealed that NWorld was selling investment packages ranging from P4,750 to P19,000, with promised returns of up to P127,000 per month
Ponzis exploit snail-paced justice
The slow pace of justice in the Philippines allows Ponzi schemes like NWorld to exploit the system, taking years for the SEC to shut them down. Discover how…
$68-M casino scam fugitive nabbed
The suspect, Hector Aldwin Pantollana, 35, allegedly defrauded thousands of people through a Ponzi scheme linked to casino junkets
Another ponzi falls amid SEC campaign
Boracay Capital has neither been granted a secondary license nor applied with the SEC to offer or sell securities
NTC joins battle vs ponzi scourge
‘We thank the NTC for supporting our campaign against investment scams and other predatory financial schemes toward the protection of the investing public’
Another ponzi falls after SEC operations
Infinity8Networks is registered as a one-person corporation with the SEC, but it has not obtained prior registration or licensing from the Commission for…
NBI probes ‘Ponzi-like’ scheme in Pasig
NBI probes ‘Ponzi-like’ scheme in Pasig
SEC cracks whip on alleged ponzis
Section 8 of Republic Act 8799, or the Securities Regulation Code, expressly prohibits the sale or offer to sell and/or distribute securities without the…
6 ponzi execs charged — SEC
6 ponzi execs charged — SEC
Ponzi firm, officers face criminal raps
(Silverlion) falsely represented to the public that it is engaged in the business of trading gold and sale of processed meats, beauty products, and other…
SEC files raps vs Maharlika group over illegal solicitations
The SEC has filed criminal charges against the Royal Kingdom of Maharlika Pearl of the Orient Organization Inc. and its armed wing for allegedly running an…
SEC shuts Valtoro Spartan, Recson Land over illegal investments
The SEC shuts down Valtoro Spartan Consultancy Corp. and Recson Land Ventures and Realty Development Corp. for illegal investment schemes, imposing fines and…
SEC axes Seek Explore over illegal investment scheme
The Securities and Exchange Commission, along with the Bangko Sentral ng Pilipinas, the Philippine Deposit Insurance Corporation, and the Insurance Commission,…
Nine of top 10 fugitives fall in Central Luzon
Nine of Central Luzon’s top 10 fugitives are in custody; PRO3 vows “no letup” to catch the last suspect as operations focus on family safety across the region.
SEC warns public on financing scams
Individuals found guilty of acting as money mules may face civil and criminal liabilities, including imprisonment of up to 14 years and fines of up to P5…
SEC warns against investing in skincare firm
The SEC has learned that Empressly Skin Care Center Corp. has been promising the public at least P30,000 annual income or five percent monthly interest after…
