‘Investment scams sprouting up in Mindanao’

 ‘Investment scams sprouting up in Mindanao’

Davao City—At least 6 more investment scams have surfaced in Mindanao, prompting the Securities and Exchange Commission (SEC) to warn the public anew to either refrain from or exercise caution in dealing with individuals or organizations soliciting money for “get rich quick” schemes.

The SEC on Monday said the new investment scams came from the following: G-Harvest Inc/Great Harvest Inc. (GHI); Massdrop Marketing and Franchising OPC or “Massdrop Marketing”; Francis Leo Marcos Family Club Inc.; Llamadista Online Sabong Capital /Llamadista /Llamadista.com; Project 1.8 Financial Progam (Project 1.8); and Premium Business.

The SEC said these companies have been soliciting investments from the public without the necessary licenses. It said the G-Harvest Inc./Great Harvest Inc. (GHI) and the Massdrop Marketing are operating in the Davao Region, Soccsksargen and Maguindanao Province.

GHI is operated by a Vencint O….

Read full article…businessmirror.com.ph