^

Nation

Investors of get-rich-quick schemes to be investigated

-

Regulatory authorities are considering holding investors of fraudulent investment schemes liable, saying they may have also indirectly or directly participated in the recruitment and investment solicitation activities of these scam operators.

Bangko Sentral ng Pilipinas assistant governor and Anti-Money Laundering Council executive director Vicente Aquino said that while they don’t want to inflict further damage on the investing public, investors of pyramiding or Ponzi schemes could likewise be held liable. But Aquino pointed out that this is still being studied.

He said some investors may have referred their friends or relatives to invest in these schemes, which involve some form of misrepresentation with respect to an investment opportunity.

vuukle comment

ANTI-MONEY LAUNDERING COUNCIL

AQUINO

BANGKO SENTRAL

BUT AQUINO

INVESTMENT

INVESTORS

LIABLE

PILIPINAS

PONZI

SCHEMES

VICENTE AQUINO

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with