An alleged investment company failed to gave back the money it
owes to its investors.
The Investment company said that it is a legitimate business and
it is registered in the Securities and exchange commission (SEC).
The Company said that its office was robbed which was the reason
it failed to gave back the money of its investors.
The Investors complained of the company’s investment scam which
deprived them of their hard earned money.
A Substantial number of investment scam victims went to the
Police Station demanding the arrest of the owner of the Investment
Scam company known as 7711 R2AM International Company Road To
Success Resources Marketing.
The Investment Scam company’s modus operandi is to convince an
investor to hand their money which will earn a 20% interest
weekly. Aside from the interest, the investor will be given
1 kilo of rice, soap and other products.
The SEC said that the it was June 2015 when the alleged
investment scam company registered its business. The registered
business is a trading business and not an investment company.
The SEC said that the Investment Scam company is allowed to
sell goods and products but not allowed to engage in investment
Atty.Lalaine Monserate, Asst.Director of the Investigation and
Prosecution Division of SEC said that the Investment Scam was
blatantly illegal and no company in the Philippines could
possibly give a very high interest.
466 Investment Scam victims wanted to recover their money worth
P50 million from the offending company and they filed a case
of syndicated estafa before the office of the prosecutor.
The SEC warned that do not be deceived by the promise of a very
high interest on money invested with a very short period of time.