The Securities and Exchange Commission (SEC) has warned the public against three entities engaged in illegal investment solicitations.
The three entities are Wealth Wise International Company/The Wealthwise International Management OPC, CCO Media/Clear Channel Outdoor Asia Corp., and ALAO Investment Platform.
Wealth Wise is enticing the public to join its social media group and register on its website to participate in various investment plans. These investment opportunities range from a minimum of P500 to a maximum of P384,000, with promised returns as high as 100 percent in 28 days for certain plans.
CCO Media’s illicit activities revolve around the use of CCO Media Philippines App, where it offers investment products named “Original Equity Funds” ranging from P200 to P1 million in exchange for daily returns ranging from three percent to 50 percent, depending on the investment level.
ALAO, meanwhile, claims to be a crowdfunding investment company, purportedly based in New York City, actively enticing the public to invest in its projects, with promises of high profits and monetary rewards.
The SEC has advised the public not to invest or refrain from investing in these entities.
