2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
The public is hereby warned about the unauthorized investment taking activities undertaken by INTERNATIONAL VIP FINANCING/INTERNATIONAL VIP FINANCING PH (hereinafter referred to as "VIP FINANCING").
Based on information gathered from online posts, the said entity guarantees to investors a passive income of 4% per month for investments of P100,000.00 to P400,000.00 and 5% per month for investments of P500,000.00 to P5,000,000.00.
VIP FINANCING claims that the investments are secured by a notarized contract and postdated checks and that it is investing the money on junket operations.
The owner/administrator of the Facebook (FB) account of VIP FINANCING is the same person who owns/administers the FB account of Financing International Casino/Casino VIP Financing by Cathlyne Papasin/Casino VIP Financing/Fortune Dragon Casino Financing. The latter entities have been the subject of a previous Advisory issued by the Commission as posted on 12 November 2019.
The investment schemes offered by said entities are the same.
The public is hereby informed that INTERNATIONAL VIP FINANCING/INTERNATIONAL VIP FINANCING PH is not registered with the Commission as corporations or partnerships nor are...
