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Fraudulent Investment Scam

The Commission has received reports through its Zamboanga Extension
Office that persons or group of persons operating in Zamboanga City and
based in Tungawan, Zamboanga
Sibugay
,
are soliciting investments from the
public allegedly as part of a government program where an initial investment
of Fifteen Thousand Pesos (Php15,000.00) will result in a payout worth One
Hundred
Fifty
Thousand
Pesos
(Php150,000.00)
allegedly
upon
implementation/release of the fund by the Central Bank.
T
he public is advised to
STOP INVESTING in this kind of investment
scheme
which may turn out to be a fraudulent investment
scam
and to take
the necessary precautions
in dealing with people or groups
of
persons
inviting
the public to invest their money in this scheme.
Accordingly, those who invite or recruit other people to join or invest in
this venture or offer investment contracts or securities to the public may be
held criminally liable or accordingly sanctioned or penalized in accordance
with the Supreme Court deci
sion in the case of SEC vs. Oudine Santos (G.R. No.
195542, March 19, 2014).
If you have invested
or have been approached or invited to invest in this
kind of scheme, please go to our website at
www.sec.gov.ph
where
you may
report through the Commission’s iMessage mo or report the matter to our
Zamboanga Extension Office at telephone numbers 991
–
7163 or 993
–
1437 or
visit our Zamboanga Extension Office at 2
nd
Floor, JV Building, San Jose
Panigayan Street, Zamboanga Cit
y.
For incidents in
M
etro
M
anila, you may contact our Enforcement and
Investor Protection Department at
(02)
818
–
6337 or
(02)
818
–
5476
or visit us
at
our office located at
the North
Wing Hall, Ground Floor, Secretariat
Building, PICC Complex, Pasay City