According to a data released by SEC-Davao, these companies that were ordered closed by the commission included Almamico, which solicited money/investment from the public with up to 35 percent interest; Rigen Marketing, offering return of investment of up to 400 percent; Ever Arm Marketing, offering ROI of up to 400 percent; Organico Agribusiness, offering a return of up to 66.67-percent return after 90 days; and Kapa Community Ministry International Inc.
These were Coindeoro Holdings Inc./Coin de Oro, Max4unlimited Co./Max4 Unli Corporation, Wheretogo Travel Advertising Company/Wheretogo Advertising, JY Beauty and Fashion Marketing, Shantal, Munificence Ministry operating under Interdenominational Evangelical Church Ministries Inc.
He added people who get access to information on investment scam do not easily fall prey to ponzi schemes since the massive crackdown on “investment” firms spawned various groups advocating for financial literacy to raise the awareness of the public.