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Showing posts with the label financial fraud

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RNG Bank Salary Loan Table for DepEd Teachers

Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: 📍LOW INTEREST RATE 📍LOAN AMOUNT UP TO 500,000 📍5 YEARS MAXIMUM LOAN TERM 📍NO HIDDEN CHARGES 📍NO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...
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SEC Philippines Warns Public Against Unregistered Investments

July 08, 2024 - The Securities and Exchange Commission (SEC) Philippines is alerting the public against investing in Safe District Enterprise and Tabernacle House of Worship. These entities have been soliciting investments from the public without the necessary registration and authorization from the SEC. Based on reports and information gathered by the SEC, these entities are offering and collecting investments or any amount from the public in exchange for promises of income, profits, or interest. The SEC emphasizes that Safe District Enterprise and Tabernacle House of Worship are NOT REGISTERED and DO NOT HAVE THE PERMIT from the SEC to solicit investments from the public. The modus operandi of some of these entities exhibits characteristics of a Ponzi Scheme , where investors are promised quick and high returns. The payouts to investors are solely derived from the contributions of subsequent investors. Eventually, the scheme becomes unsustainable, and investors, particularly those ...
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SEC Philippines Issues Warning Against Investment Scams

SEC Philippines Issues Warning Against Investment Scams The Securities and Exchange Commission (SEC) of the Philippines has issued a public warning against several entities that have been soliciting investments without proper authorization. According to a Facebook post by the SEC, entities such as Sandalwood Capitals Financial Advisory Service, Ate Anna’s Retail and Wholesale Online Shop, eToro, and XM are among those that have been flagged for offering investment opportunities with promises of high returns, indicative of a Ponzi scheme. The SEC has clarified that these entities are not registered and do not possess the necessary permits to collect investments from the public. The modus operandi of some of these entities involves promising investors quick and substantial profits, which are paid from the contributions of new investors. This unsustainable practice eventually leads to a situation where the returns can no longer be paid out, especially to the later investors. The public is...
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