DAVAO CITY —- The Securities and Exchange Commission (SEC) here warned the public against investing their money in investment vehicles offering huge passive income in so short a time, especially if those behind these vehicles are individuals linked to pyramid schemes.
SEC Davao’s extension office made the statement after the commission issued an advisory against Mer’s Business Center, whose operator had been linked with Kapa (Kabus Padatuon) Community Ministry International Inc.
Kapa/s head Pastor Joel Apolinario had been detained since last year.
SEC identified a certain Roger Abing Camingawan and Reynaldo Abing Cabingawan to be behind Mer’s, a firm with head office in Genera…
Keep on reading: SEC Davao warns public against Kapa-like investment scheme