The Securities and Exchange Commission (SEC) has warned the public against dealing with Infinity PAYB/PAYB Bills Payment and Remittance Center, an unregistered entity that has been illegally soliciting investments and promising extraordinary returns.
This entity, owned and operated by one Angel Tambor Doinog Jr., has been engaging in investment-taking activities without authority, the SEC enforcement and investor protection department said in a notice issued on April 29.
Infinity PAYB allegedly entices investors with a “guaranteed” return of 60 percent in 15 days. It also claims to be in partnership with the following companies by giving discounts: Cignal, Globe, Philippine Airline…
Keep on reading: SEC warns investors against Infinity PAYB