May 21, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
Based on the information gathered by the Commission, the entities operating under the names R3DCON PHILIPPINES CORPORATION (R3DCON) and INVESTOR'S CHOICE, operated by RAYMOND C. MABUNGA, GILLANY P. DELA CRUZ, RAFAEL L. BANAL, REYMARK LEGASPI, and DARLTON S. CRUZ, with office address at MA Jaro, Building, Block 55, Lot 7, Golden Mile, Salawag, Dasmariñas, Cavite, 4115, are engaged in activities NOT AUTHORIZED by the Commission.
As posted online, R3DCON and INVESTOR'S CHOICE offers the following investment packages, to illustrate:
Based on the foregoing, R3DCON and INVESTOR'S CHOICE are offering shares in their so-called co-ownership programs and is enticing the public to invest in their housing project, to wit:
a. Co-ownership of "Browtoeful Premium SPA Studio" located at 3rd floor Wellness Lane, Vista Mall, Dasmariñas, Cavite, for a minimum investment of Thirty Thousand Pesos (Php30,000.00) per share, secured by an Investment Contract, Memorandum of Agreement, and a Point of Sale Agreement;
b. Co-ownership of "Monggie Spice" and "G Café Restaurant" in front of De La Salle University, Gate 2,...
