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This ADVISORY is prompted by complaints from victims of AA CASTRO
CONSTRUCTION AND AGGREGATES AA CASTRO HAULING
CONSTRUCTION MANAGEMENT AND AGGREGATES TRADING OPC headed by APRIL
GRACE CALLEJA CASTRO as its Chief Executive Officer.
Based on the Commission’s database, AA CASTRO CONSTRUCTION AND
AGGREGATES TRADING is NOT registered with the Commission either as a corporation
or as a partnership. Furthermore, AA CASTRO CONSTRUCTION AND AGGREGATES
TRADING is not authorized to solicit investments/placements from the public nor to
issue investment contracts and other forms of securities since it has not secured prior
registration and/or license from the Commission as prescribed under Sections 8 and 28
of the Securities Regulation Code.
On the other hand, AA CASTRO HAULING CONSTRUCTION MANAGEMENT AND
AGGREGATES TRADING OPC is registered with the Commission with SEC Registration
Number 2021110034068-02. However, such registration merely grants juridical
personality to the corporation but does not authorize it to issue, sell or offer for sale
securities to the public nor undertake business activities requiring secondary license.
Moreover, the subject of the herein advisory is also using the business names AA
CASTRO CAPITAL OPC, AA CASTRO PROJECT TAP ON BUSINESS INVESTMENT
PHILIPPINES, and AA CASTRO HAULING SERVICES.
It bears stressing that Ms. April Grace Calleja Castro represented and offered to
the investing public a weekly income of Php4,400.00 but not exceeding Php4,700.00
weekly at a rate of Php23.26 pesos per minimum of 189 cubic meter of aggregates to be
hauled and delivered weekly in every Php50,000.00 of investment, thus:
Amount of Investment Calax Project Island Cove Project
>25,000 =2,200.00 Not accepted
>30,000 =2,520/2,700 Not Accepted
>50,000 =4,400 =4,700
>75,000 =5,500 =5,875
>100,000 =7,300/8,800 =9,400
>150,000 =11,000 =14,100
>200,000 =14,600 =18,800
>300,000 =28,200
Specifically, an initial investment of Php50,000.00 guarantees an income of
Php4,400.00 but not exceeding Php4,700.00 weekly at a rate of Php23.26 pesos per
minimum of 189 cubic meter of aggregates to be hauled and delivered or a promised
interest of up to 30% – 40% a month.
The public is hereby advised NOT TO INVEST or STOP INVESTING in any
investment scheme being offered by any individual or group of persons allegedly for or
on behalf of AA CASTRO CONSTRUCTION AND AGGREGATES AA CASTRO
HAULING CONSTRUCTION MANAGEMENT AND AGGREGATES TRADING OPC and to
exercise caution in dealing with any individuals or group of persons soliciting
investments for and on behalf of said entity.
Those who act as salesmen, brokers, dealers or agents of AA CASTRO
CONSTRUCTION AND AGGREGATES TRADING / AA CASTRO HAULING
CONSTRUCTION MANAGEMENT AND AGGREGATES TRADING OPC in selling or
convincing people to invest in the investment scheme being offered by this entity
including solicitations and recruitment through the internet may likewise be prosecuted
and held criminally liable under Section 28 of the SRC and penalized with a maximum fine
of Five Million pesos (P5,000,000.00) or penalty of Twenty-one (21) years of
imprisonment or both pursuant to Section 73 of the SRC.
Also, those who invite or recruit others to join or invest in such venture or offer
investment contracts or securities to the public may incur criminally liability, or
otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the
case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March
2014).
This Department is taking appropriate action against unauthorized investment
taking activities and investment scams. Hence, if you have been approached and invited
to join and invest in AA CASTRO CONSTRUCTION AND AGGREGATES AA
CASTRO HAULING CONSTRUCTION MANAGEMENT AND AGGREGATES TRADING
OPC or any entity which does not have the proper authority to solicit
investments/placements from the public, we encourage you to cooperate with us and
immediately report these activities to the ENFORCEMENT AND INVESTOR
PROTECTION DEPARTMENT through email at epd@sec.gov.ph
For the guidance of the public.
Makati City, 26 July 2022.