Industry proprietor wished for Ponzi blueprint
ZAMBOANGA CITY: Authorities are taking a behold for a man accused of scamming native merchants into striking money in his firm Silverlion Farm animals Shopping and selling Corp. in Zamboanga City and never pleasurable the promised returns.
The firm, despite the undeniable fact that duly registered with the Securities and Change Commission (SEC) as a shopping and selling agency, has lured a restful undetermined preference of folks to make investments with Silverlion Corp. being bustle by Ryan Cagod Ladoing, the 36-year-aged president and CEO, in alternate for a mountainous revenue or interests.
Individuals of the National Bureau of Investigation and the SEC raided two branches of Ladoing’s firm right here and seized some P15 million in cash, pistols and magazines, and voluminous documents believed to be worn in unlawful enterprise transactions the same to the Ponzi blueprint — a compose of fraud that lures merchants and would possibly per chance more than seemingly per chance pay earnings to earlier merchants with funds from more moderen merchants.
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The SEC right here acknowledged it filed prison prices in opposition to the firm’s incorporators and officers Renan Lara Ladoing, Rosemarie Alvarez Guzman, Neña Ewayan Algoy, John Paul Dellara Lopez and Michael Villalobos Berja and Ryan Ladoing.
It acknowledged Silverlion Corp. had been offering and selling funding applications to the general public with guaranteed returns of 35 p.c inside 15 days. With this, investments ranging from P1,000 to P100,000 would possibly per chance more than seemingly per chance yield returns price P1,300 to P130,000, respectively.
“The blueprint involves the sale and offer of securities to the general public within the compose of funding contracts, whereby a person invests his money in a frequent venture and is resulted in count on earnings basically from the efforts of others,” the SEC acknowledged.
Ladoing, who stays at abundant, has additionally been occupied with one other funding scam by RGS World Advertising which turned into ordered closed by the SEC in 2021.
Only these days, the SEC additionally warned the general public in opposition to investing with Frutas Comida Zamboanga which it acknowledged is one other unauthorized funding blueprint.
It acknowledged the Frutas Comida Zamboanga has been offering guaranteed returns of 20 p.c per thirty days to the general public despite the undeniable fact that it has no longer secured the important registration from the SEC, and the corresponding portray of registration of securities and certificate of permit to present and promote securities.
Frutas Comida Zamboanga’s Facebook page presentations that it has been encouraging the general public to make investments as little as P5,000 in alternate for month-to-month returns of P6,000.
“Investments are aloof by on-line banking channels and other digital price platforms. Earnings dispensed to member merchants supposedly advance from the sale of fruits and meals tray applications. Frutas Comida additionally eminent that merchants need best probably make investments of their enterprise and await 20 p.c returns every month. The blueprint involves the sale and offer of securities to the general public within the compose of funding contracts, whereby a person invests his money in a frequent venture and is resulted in count on earnings basically from the efforts of others,” the SEC acknowledged.
“In scrutinize thereof, the general public is hereby advised to recount caution in facing any individual or neighborhood of folks soliciting investments for and on behalf allegedly of Frutas Comida Zamboanga. The public is additional advised no longer to make investments or to quit investing within the funding blueprint being equipped by any folks claiming to listing the acknowledged entity,” it added.
The SEC acknowledged folks who act as salesmen, brokers, dealers, or agents or claim to act as such on behalf of Frutas Comida Zamboanga in selling or convincing folks to make investments can also very effectively be prosecuted and held criminally liable under Fraction 28 of the SRC, and penalized with a most gorgeous of P5 million or penalty of 21 years of imprisonment or both.