SEC
Bares Unregistered Investment Activities of Several Corporations
The Philippine Consulate General in Hong Kong has been informed by the Department of Foreign
Affairs in Manila that the Securities and Exchange Commission (SEC) has conducted investigations
on a number of pseudo investment scams victimizing thousands of overseas Filipino workers.
According to SEC, the following corporations are believed to be engaged in unregistered investment
activities:
1. ATLANTIC INVEST
2. CRISIS SOLUTION INC.
3. FLORENTINO MA TEO LENDING
4. GOOD HARVEST ORCHARD INC. SERVICES, INC.
5. LEAD LENDING CORP .
6. GOLDEN FIREBIRD MARKETING
7. SPEED CREDIT AND COLLECTION
8. VEFLONI LENDING SERVICES INC.
9. ACCESS CREDIT & DEVT GROUP
10. ASIAN MEDIA DEVELOPMENT GROUP
11. AVG GROUP OF COMPANIES INC.
12. MMC INVESTMENT AND FINANCE CORP.
13. ASIAN ISLANDS MANAGEMENT INC.
14. MUL TITEL INVESTMENT CORP .
15. BXI PROPERTIES AND HOLDINGS, INC.
16. MULTITEL INVESTORS CORP.
17. CITP NEW CENTURY INTERNATIONAL
18. MUL TITEL LENDING INVESTORS, INC.
19. CRISIS SOLUTION INC.
20. PHIL-ASIA LENDING INVESTORS, INC.
21. GOOD HARVEST ORCHARD INC.
22. ZURICH INVESTMENT GROUP
23. LEAD LENDING CORP.
24. AVG LENDING INVESTORS, INC.
25. SPEED CREDIT AND COLLECTION
26. BGA LENDING INVESTORS, INC.
27. ACCESS CREDIT & DEVT GROUP
28. COIN'S ACCOUNT LENDING SERVICES, INC.
29. AVG GROUP OF COMPANIES
30. RED DRAGON LENDING CORP.
31. MMC INVESTMENT AND FINANCE
32. FIVE VISION CONSULTANCY,INC. CORP.
33. INTERCONTINENTAL SERVICES, INC.
34. MULTITEL INVESTMENT CORP.
35. CONRAD GROUP AND ASSOCIATES, INC.
36. ATLANTIC INVEST
37. SERVLlNK CARGO, INC.
38. FLORENTINO MATEO LENDING
39. OVERSEAS WORKERS STOCK CAPITAL SERVICES, INC.
40. MA TEO MANAGEMENT GROUP
41. GOLDEN FIREBIRD MARKETING
42. "TIBAYAN GROUP OF COMPANIES"
43. VEFLONI LENDING SERVICES INC.
44. ASIAN MEDIA DEVELOPMENT GROUP INC.
45. ASIAN ISLANDS MANAGEMENT INC.
46. BXI PROPERTIES AND HOLDINGS, INC.
47. CITP NEW CENTURY INTERNATIONAL
Several queries has also been received by the Commission from OFWs regarding Powerhomes
Unlimited Corporation. SEC views Powerhomes' activities as another pyramiding scam. However, it
is unable to take enforcement action against it at the moment due to an injunction issued by the Court
of Appeals.
The members of the Filipino community in Hong Kong are advised to be cautious in dealing with the
foregoing companies. Any suspicious activities can be reported directly to the SEC (Attn: Director
Jose Tomas C. Syquia, Compliance and Enforcement Department, SEC Building, EDSA, Greenhills,
City of Mandaluyong, Metro Manila).
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