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NewsTranscript
00:00 The Securities and Exchange Commission issued a warning against scams that seem to be fast and profitable.
00:07 It was just the next step of a "Umunoy Paluwagan".
00:10 Rafi Tima is targeting the "Umunoy Modus".
00:12 We talked to Maria, an investor in BNY PAL and trading Venta Paluwagan.
00:21 Her investment is P600,000.
00:24 That's why Maria was able to get a big sum.
00:28 For example, she's selling it at a lower price.
00:31 For example, you expect the salary here to be P300,000.
00:34 She's selling it for P200,000.
00:37 The one who will buy it will earn P100,000.
00:41 That's how it is.
00:42 So that she can get the money in advance.
00:44 Yes, that's how the Venta Paluwagan scheme is.
00:48 But as the interest grew, she started to have doubts.
00:51 It became a problem when many of her investors joined and increased.
00:57 One person earned P100,000.
01:00 Another person earned P21,000 from their business.
01:06 I have relatives who earned P4,000,000 or P1,500,000 from the Venta Paluwagan scam.
01:16 They lost their money.
01:18 On December 14, the owner of BNY PAL and Trading recently showed up.
01:22 He met Rojani G. Velasco and his wife.
01:25 They promised their investors that they will pay.
01:29 But they haven't shown up since then.
01:31 The BNY PAL is being investigated by the PASIG CIDG after more than P100,000 were claimed by its investors.
01:38 The CIDG is still looking for sufficient documents and evidence before filing a case.
01:43 The Securities and Exchange Commission or SEC also came out.
01:47 BNY PAL and Trading Venta Paluwagan is not registered and has no license to collect investments from the public.
01:54 They will not give a permit for an investment scheme where the money of new investors is used to pay the income of former investors.
02:04 So the SEC's request to the public to stop investing in BNY PAL and Trading.
02:10 We messaged the company's owner on social media to ask for a reaction but he still hasn't responded.
02:16 Maria warns not to let the possibility of a big group of investors slip through our fingers.
02:21 Even if we earn P1,000 in a day, we should thank the Lord because P1,000 is more than P50,000.
02:31 That's a goodbye to P150,000.
02:35 The SEC is asking the public to provide additional information about BNY PAL and Trading.
02:41 They will also pass on the names of all the companies involved in the BNY PAL.
02:47 They are also asking the public to provide additional information about the potential violations of the Financial Products and Services Consumer Protection Act.
02:55 For GMA Integrated News, Rafi Tima, for Tutok, 24 hours.
03:01 [ ♪ Music ♪ ]