The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC., warning the public of the individuals and groups involved in such activities. The advisory defines the activities behind the scheme, and advises the public to not to invest or stop investing in any investment scheme offered by the said entity, its representatives or any entities engaged in schemes which promises ridiculous rates of return with little or no risks.
In support of this view, Coins.ph does not endorse or is affiliated in any way with such activities or products. Moreover, we have a zero tolerance policy on fraudulent activities and potentially scamming practices. In a separate article, we have enumerated tips on how you can avoid investment schemes and other online scams. We urge our customers to be extra diligent with their funds and to act within our User Agreement.
In response to numerous reports and inquiries received by the Commission regarding the activities of R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC. founded by MR. ROBERTO S. LLORENTE, the Commission wishes to inform the public that R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC. with Company Registration No. CS202009113and with issued Certificate of Authority No. 3343,which authorizes it to operate as a Lending Company, is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code (SRC).
Based on the information gathered by the Commission, individuals or group of persons are engaged in an aggressive campaign to entice the public to invest in R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC.by offering a pure passive income of One Percent (1%) interest per day or Thirty Percent (30%) interest per month for a minimum lock in period of three (3) months with just a minimum investment of One Thousand Pesos (Php1,000.00).
Interestingly, the Commission received numerous inquiries from the public whether or not the circulated Articles of Incorporation of R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC.is legitimate.
To quote the pertinent portion of R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC.’s Articles of Incorporation submitted and verified with the Commission, it provides that:
“That the primary purpose for which such corporation is incorporated:
To engage in the business of direct lending without however engaging in pawn broking under PD 114 and financing under R.A. 8556, provided that borrowing shall be sourced from not more than 19 lenders including shareholders
Provided that the corporation shall not solicit, accept, or take investments/placements from the public neither shall it issue investment contracts.”
As opposed to the circulating image of an ALTERED and FALSIFIED Articles of Incorporation of RLADLGwhich states:
The corporation shall direct solicit, accept or take investments/placements from the public and shall issue investment contracts.”
The foregoing ALTERED and FALSIFIED Articles of Incorporation of R.L. AGGREGATES AND DIVERSIFIEDLENDING GROUP INC. was clearly circulated to mislead or deceive the public into believing that said entity is authorized to solicit, accept, or take investments/placements from the public and issue investments contracts without the required authority from the Commission.
The public should be made aware that the issuance of a Certificate of Incorporation and Authority with the Commission as a Lending company only grants entities juridical personality but does not constitute an authority or license for the corporation to engage in activities that require a secondary license from the SEC such as License to Issue, Sell, or Offer Securities to the Public.
The public must be wary that any promise of massive rates of return with little or no risk is an indication of a Ponzi Scheme where monies from new investors are used in paying fake “profits” to earlier investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors. It must be clear that entities engaged in such activities likely tend to disappear shortly to the prejudice of their stakeholders.
Consequently, the public is advised to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC. or any entities engaged in solicitation activities guised as lending companies.
Those who act as salesmen, brokers, dealers or agents of R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC.in selling or convincing people to invest in the investment scheme being offered by these entities including solicitations and recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or penalty of Twenty-one (21) years of imprisonment or both pursuant to Section 73 of the SRC.
Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminally liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March 2014).
Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.
The public is hereby advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC. and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of said entity.
Should you have any information regarding any investment solicitation by any individuals or group of individuals representing R.L. AGGREGATES AND DIVERSIFIED LENDING GROUP INC., you can send your report to the EIPD at firstname.lastname@example.org
For the guidance of the public.
23 February 2021.