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Tag Archives: Commission
17 May 2013
The Securities and Exchange Commission (SEC) received a report that a
group of persons has been recruiting students from the Negros Oriental State
University in Dumaguete City to join “JustBeenPaid”, an on-line activity that
could be a possible investment scam.
The students are allegedly enticed to initially invest P950.00 with a
guaranteed earning between 10% to 20% percent of the initial investment per day,
and to join a profit clicking activity by liking a certain page three times a day.
As a precautionary measure, the public is advised to exercise due diligence
before investing in a risky business venture. Investigate and check the personal
background of the people behind the scheme. Consider the value of the goods or
products offered and whether there are real goods and sales involved in the deal.
If the income depends on the number of recruits to the program, don’t invest, as it
is likely a pyramiding scam bound to collapse.
For more information, you may inquire from the Corporation and Finance
Department of the SEC with telephone numbers 584-61-03 or 584-59-50.
21 May 2013
SCAM IN MARINDUQUE
The public is ALERTED on reports that a local permit was granted to a
group of persons representing themselves to be a corporation, which offers loans to
barangay officials and employees to be paid through salary deduction. Said group
or corporation is selling pre-need/memorial plans and insurance plans without the
necessary license from the Insurance Commission and inducing people to invest
with a promise of high return on their investment.
The reports indicate that its principal office is located at High Town, Boac
Marinduque and has five (5) branches operating in various municipalities of
Marinduque. Its funeral homes are under construction along the national road in
Barangay Santol, Boac, Marinduque.
The people are WARNED that persons or a corporation CANNOT offer any
securities or plans to the public WITHOUT the required permits from the
concerned government agencies such as the Securities and Exchange Commission
for investment securities, and Insurance Commission for pre-need/memorial and
For additional information, you may inquire from the Corporation and
Finance Department of the SEC with telephone numbers 584-61-03 or 584-59-50
or the Enforcement and Prosecution Department of the SEC at telephone number