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ILOILO CITY — Governor Esteban Evan Contreras II urged the National Bureau of Investigation (NBI) and the Philippine National Police (PNP) to investigate an alleged new investment scam in Capiz province. “Capiz is already being known as the scam capital of the country. Our aim here is to not let th
Published February 17, 2021, 5:00 AM The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program that resembles a Ponzi scheme. The SEC Enforcement and Investor Protection Department (EIPD) also imposed penalties totaling P9 million against Chiyuto and its single stockholder Patrocenio Calvez Chiyuto, Jr. for administrative violations of the Securities Regulation Code (SRC). In addition, Chiyuto was permanently disqualified from being a director of ot...