+ Follow MATEO MANAGEMENT GROUP Tag
MATEO MANAGEMENT GROUP
Array
(
[results] => Array
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[0] => Array
(
[ArticleID] => 226386
[Title] => SEC to revoke Lead license
[Summary] => The Securities and Exchange Commission (SEC) is now readying revocation proceedings against Lead Lending Corp. following complaints that the company continues to solicit investments from the public despite the cease-and-desist order (CDO) issued against it by the corporate watchdog agency.
Tomas Syquia, head of the SEC’s Compliance and Enforcement Department, said his unit has recommended the cancellation of Lead’s corporate license to further safeguard the interest of the investing public.
[DatePublished] => 2003-11-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 214428
[Title] => SEC tightens rules on public offers
[Summary] => The Securities and Exchange Commission has tightened the definition of public offering to make it easier for the corporate watchdog to go after entities engaged in pyramiding or pseudo-investment operations. SEC Chairman Lilia R. Bautista said there is a need to clearly define what constitutes a public offering to ensure that shares are registered first with the commission before any sale is consummated.
Public offering has been defined as a random or indiscriminate offering of securities to anyone who will buy, whether solicited or unsolicited.
[DatePublished] => 2003-07-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 204652
[Title] => SEC, IBP tie up vs pyramiding schemes
[Summary] => The Securities and Exchange Commission (SEC) and the Integrated Bar of the Philippines (IBP) have agreed to work together to stop the proliferation of fraudulent investment solicitation activities such as pyramid schemes.
SEC Chairman Lilia R. Bautista said the IBP has agreed to provide free legal aid to overseas Filipino workers and retirees who wish to recover their placements from pseudo-investment entities or companies engaged in pyramiding activities.
[DatePublished] => 2003-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 203698
[Title] => Senator bats for lower stock taxes
[Summary] => Senate Majority Leader Loren Legarda is pushing for lower taxes on the trading of listed shares of stock, saying the local equities market "deserves as much support as Congress can lend it at this difficult time."
Legarda endorsed the Philippine Stock Exchange (PSE) proposal for the outright removal of the documentary stamp tax (DST) on the purchase of stocks, instead of a simple reduction in the tax.
[DatePublished] => 2003-04-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 200824
[Title] => NBI eyes special court for pyramid scam suspects
[Summary] => Government authorities are now working for the creation of a special court that would handle pyramid scam cases to ensure a speedy resolution of the case.
Elfren Meneses, chief of the National Bureau of Investigation-Anti-Fraud and Computer Crime Division (NBI-AFCCD), said the creation of special courts for pyramid scam cases also hope to let the victims recover what they have invested.
[DatePublished] => 2003-03-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Metro
[SectionUrl] => metro
[URL] =>
)
[5] => Array
(
[ArticleID] => 200611
[Title] => The curse of the pyramids
[Summary] => Why seemingly educated Filipinos entrust their hard-earned money to pyramid schemes is a phenomenon that could only be the result of some innate character weakness collaborated on by changing societal values and the current overall economic malaise.
Never since the late 70s when Agrix Marketing, Inc., the first recorded pyramiding case in the Philippines, duped thousands of too-trusting fishermen, farmers, rural teachers and pensioners has there been a resurgence as far-reaching as today’s.
[DatePublished] => 2003-03-28 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 199514
[Title] => NBI seeks death penalty for pyramid scammers
[Summary] => The National Bureau of Investigation (NBI) wants the death penalty imposed on those involved in pyramid scams, considering the number of people who have been victimized by the scheme.
"Considering that some victims have committed suicide, perhaps we could seek the death penalty for people with major involvement in these shady and get-rich-quick deals," said NBI Director Reynaldo Wycoco.
He said that while the plunder law metes the death penalty for P50 million, the "pyramid scam is worth billions, so logically they should be meted the death penalty."
[DatePublished] => 2003-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1165072
[AuthorName] => Bebot Sison Jr.
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[7] => Array
(
[ArticleID] => 199350
[Title] => Curse of the pyramid
[Summary] => Morale within the elite units of the Philippine National Police (PNP) and the Armed Forces of the Philippines (AFP) has hit a new low, brought about by shady and get-rich-quick deals with the bankrupt MTS Trading...
[DatePublished] => 2003-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804767
[AuthorName] => Cecille Suerte Felipe
[SectionName] => Metro
[SectionUrl] => metro
[URL] =>
)
[8] => Array
(
[ArticleID] => 199359
[Title] => So many victims
[Summary] => 
The number of people who have been victimized by pyramid scams has grown to 1.5 to two million, the National Bureau of Investigation (NBI) said yesterday.
"It’s a long way to go with at least 1.5 million to two million individuals fell victim to the pyramid scam," said NBI Director Reynaldo Wycoco of the investigation of the pyramid scam. "We still have to do a lot of work."
[DatePublished] => 2003-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Metro
[SectionUrl] => metro
[URL] =>
)
[9] => Array
(
[ArticleID] => 199010
[Title] => Major pyramid scam losses may reach P120-B – NBI
[Summary] => The amount of money lost to several major pyramid scams could amount to as much as P120 billion, the National Bureau of Investigation (NBI) said yesterday.
"We’re looking at about P100 to P120 billion in terms of the money they fleeced from their victims," NBI director Reynaldo Wycoco said, pointing out that the top three pyramid scam firms, among themselves, had gypped their victims of some P48 billion.
[DatePublished] => 2003-03-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804767
[AuthorName] => Cecille Suerte Felipe
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
)
)
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