November 5, 2019
SEC CDO CASE NO. 09-19-055B
IN THE MATTER OF PESO2GO
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.
RESOLUTION
This resolves the Motion to Lift Cease and Desist Order (Motion to Lift) filed on 25 September 2019 by Snapcash Lending, Inc. doing business under the name PESO2GO ("PESO2GO") through counsel Villaraza & Angangco Law Office praying that the Cease and Desist Order dated 20 September 2019 (Assailed CDO) be lifted, the dispositive portion reads:
"WHEREFORE, premises considered, the operators and owners of the following online lending applications: CASH WHALE; CASH 100; CASHAFIN; CASHFLYER; CASHMAYA; CASHOPE; CASHWARM; CASHWOW; CREDITPESO; ET EASY LOAN; and PESO2GO, their agents, representatives and promoters, as well as the owners of the hosting sites of these Online Lending Operators and all persons acting for and on their behalf are hereby ordered to IMMEDIATELY CEASE AND DESIST UNDER PAIN OF CONTEMPT from engaging in, promoting and facilitating such unauthorized lending activities/transactions.
THE FACTS
Snapcash Lending, Inc. (Snapcash) is a stock corporation with SEC Registration No. CS201804836 and office address at U802, 8/F Centerpoint Condominium, Julio Vargas Avenue corner Garnet Street,...
