The Securities and Exchange Commission said Tuesday it filed criminal complaints against four groups allegedly found to be illegally soliciting investments from the public.
The SEC also implicated the respective incorporators and officers of the entities in the complaints filed with the Department of Justice. Persons found guilty of the provisions of the SRC face a fine of up to P5 million, or imprisonment of up to 21 years, or both. Great 4 International Marketing Corp., operating under the business name and style Home Organic Wellness, disseminated to the public leaflets, brochures and marketing paraphernalia offering a guaranteed monthly income equal to 14.4 percent of the amount invested in 18 months, the SEC said.
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