The Securities and Exchange Commission has advised the public against dealing with the following entities due to their unauthorized solicitation of investments without the necessary license from the Commission:
- R&T LIFESTYLE TRENDS INTERNATIONAL INCORPORATED
- BADETH’S FOODHOUSE
- ROBINSON COMPANY
- SOAO, SOAO TECHNOLOGY, SOAO-TECHNOLOGY. LTD. ADVERTISING OPC, SOAO ENERGY and SOAO GROUP
- AMERICA MALL-PH
- REVEAL
- CAMACHO PACKAGING SUPPLIES OPC/CAMACHO TRADING/CAMACHO PACKAGING SUPPLIES TRADING
Read also: SEC warning on investing with Livestock, Piggery, and Poultry
According to the Commission, some of these groups’ 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.
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