The Securities and Exchange Commission-Bacolod extension office on Monday, November 28, warned the public against investing in Silverlion Livestock Trading Corp. or Silverlion Livestock Trading.
The firm is selling/offering securities to the public with guaranteed earnings of 35 percent in just 15 days, or 2.3 percent daily.
It also offers a special package to investors who park their investment of P400,000 within a period of 60 days, with a Ford Raptor or any car of his/her choice fully paid by the corporation, the SEC said.
Silverlion Livestock Trading Corp. is a corporation duly registered with the commission with a principal address located in Zamboanga City.
A cease and desist order was promulgated by the commission on November 17, directing it to immediately cease and desist from further engaging in the sale and/or offer of securities in the form of investment contracts, as it does not have the license to solicit, accept or take investments, and the securities that it is selling/offering are not registered with the SEC.
Silverlion Livestock Trading, on the other hand, is an entity that is not registered with the commission.
The SEC said one of the incorporators of Silverlion Livestock Trading Corp., Ryan Cagod Ladoing, is one of the incorporators of the RGS World Marketing Corp. which later on became the subject of a cease and desist order issued by the commission last March.
Silverlion Livestock Trading Corp. operates and employs the same modus operandi with the RGS World Marketing Corp., where both companies sell frozen goods and collects investments from the public with promise of a very high return of investment, the SEC added.
RGS World Marketing Corp. amassed millions of pesos from investors in Negros Island and the neighboring provinces and disappeared into thin air, SEC said.*