SEC warns public about White Dragon Investment Group

MANILA — The Securities and Exchange Commission has advised the public against dealing with White Dragon Investment Group due to its unauthorized solicitation of investments without the necessary license from the Commission.

White Dragon Investment Group claims to be engaged in various business sectors, such as real estate development, food and beverage, franchising, leisure and gaming services, poultry and egg, and other private investments, where prospective investors are guaranteed a 36% annual or 3% monthly profit for a minimum investment amount of Php100,000.00.

 

This entity’s investment schemes or actions resemble a pyramid/Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products/services, and investors are paid using the contribution of new members, according to the SEC.