SEC busts alleged Baguio investment scam

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ایران اخبار اخبار

ایران آخرین اخبار,ایران سرفصلها

The Securities and Exchange Commission filed charges against perpetrators of an alleged investment scam in Baguio City after company employees and agents were caught illegally accepting investments during their own event. | miguelrcamusINQ /PDI

“In the Real EsTea Talk event, Casa Infini claimed to have persuaded more than 700 investors into its investment scheme. Operatives during the event witnessed the actual placement of funds amounting to hundreds of thousands of pesos from 19 would-be investors,” the SEC said in a statement.

The SEC’s Enforcement and Investor Protection Department filed a complaint charging Floresca and others for violation provisions under the Securities Regulation Code, Financial Products and Services Consumer Protection Act, and the Cybercrime Prevention Act of 2012. The criminal complaint led to the indictment of Floresca and three others for various violations, the SEC added.

“[Evidence] shows that there is reasonable ground to hold respondents Floresca, Ruhhiya Ymana, Jerick Sadernas, and Jacqueline Melchor liable for violations of Sections 8, 26 and 28 of the [SRC] for their acts of offering securities without the required registration statement duly filed with and approved by the SEC, for investment fraud, and for soliciting investments without license,” according to Baguio City prosecutors.

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ایران آخرین اخبار, ایران سرفصلها

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Police catch 26 people linked to investment scam in Baguio hotelAuthorities allege that the suspects sold unregistered securities in the form of investment contracts, disguising them as opportunities for home acquisition, real estate ventures, or financial literacy programs.
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