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SEC foils Silverlion Livestock’s investment scam

The Securities and Exchange Commission (SEC) has filed criminal cases against the officers and incorporators of Zamboanga-based Silverlion Livestock Trading Corp. as part of its continued crackdown on illegal investment schemes.

Silverlion was found to be offering and selling securities in the form of investment packages with guaranteed returns of 35 percent within 15 days. This means investments ranging from P1,000 to P100,000 could yield returns worth P1,300 to P130,000, respectively.

The SEC Zamboanga Extension Office (ZEO) and the National Bureau of Investigation (NBI) Region IX successfully implemented a search warrant against Silverlion in its offices in Apolinario Loop, Guiwan and Green Valley National Highway, for violation of sections 8.1, 26 and 28 of the Securities Regulation Code. They were able to seize bundles of cash, vouchers, and other devices which were supposedly scheduled to be used for the upcoming payout of profits to its existing investors.

Criminal complaints were filed against Ryan Cagod Ladoing,Renan Lara Ladoing, Rosemarie Alvarez Guzman, Neña Ewayan Algoy, John Paul Dellara Lopez and Michael Villalobos Berja before the inquest prosecutor of the Office of the City Prosecutor of Zamboanga City.

According to the SEC, Ryan Ladoing has also been involved in the investment scam RGS World Marketing, which was the subject of a cease and desist order and advisory issued by the SEC earlier this year.

The CDO barred Silverlion from soliciting investments from the public without the necessary licenses

from the SEC.

The SEC remains relentless in its fight against illegal investment-taking activities. This year, the SEC has already issued 82 advisories against groups and individuals found to be soliciting investments from the public without the necessary license.

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