2021 Ultimate List of Scam Companies Philippines

Is this company legit or scam? Is it safe to invest my money on this entity?

If the company is on this list, there’s a big chance that it is a scam.

This post is a compilation of scam companies in the Philippines with SEC fraud warnings. These companies operate either as a Ponzi scheme, pyramid scheme, or investment scam.

This list should alert you before investing your hard-earned to bogus entities. We have provided the reason why the company is a scam and put a link to the SEC advisory and reviews (if any).

G-Harvest Incorporated or Great Harvest Incorporate

Operated by Vencint O. Canal and Shunah Mae Cemene.

  • Solicits investments from the public illegally.

Read the SEC advisory here.

Premium Business or Premium Biz Ph

Lead by Ronald De Leon.

  • Not registered as Corporation or Partnership
  • No license to solicit investments from the public.
  • Pyramid scheme.

Here is the SEC advisory on Premium Business or Premium Biz Ph.

Project 1.8 Financial Program

Headed by Kristofer Paul F. Pasag and Kristofer Paul F. Pasag.

  • Solicits investments illegally.
  • Pyramid Scheme.

Read the SEC advisory on Project 1.8 Financial Program here.

Massdrop Marketing and Franchising OPC

Head by Edgar Joseph Tan.

  • Solicits investments without license from SEC.
  • Ponzi Scheme.

Read our Massdrop Marketing review and SEC advisory.

Mer’s Business Center

Headed by Roger Abing Camingawan.

  • No authority to solicits investments from the public.
  • Ponzi Scheme.

Read the Mer’s Business Center SEC advisory here.

Seven Stag International OPC

Headed by Viernon P. Suminig.

  • Solicits investments illegally.
  • Ponzi scheme.

Seven Stag International OPC SEC warning.

Coco-J Funds Corp. and Coco-J Funds Digital Marketing Services

Operated by Jessie Oliquino Himor.

  • No authority to solicit investments.
  • Pyramid scheme.

Coco-J Funds Corp. and Coco-J Funds Digital Marketing Services SEC advisory.

Hedge Trading

Headed by Jonas Lapada.

  • Solicits investment illegally.
  • Pyramdi scheme.

Read the Hedge Trading SEC advisory here.

Infinity PAYB or PAYB Bills Payment and Remittance Center

Owned and operated by Angel Tambor Doinog, Jr.

  • Engaged in illegal investment activities.
  • Pyramid Scheme.

Read the SEC advisory here.

JP Company Online Shop or JP Company

Headed by John Paul Acuzar Chan.

  • Solicits investments illegally.
  • Ponzi Scheme.

Read the advisory against JP Company online shop.

Cash FX, Cash Fx Group or FX

Headed by CEO Huascar Lopez.

  • Ponzi Scheme.
  • Solicits investments illegally.

Read the latest SEC advisory on Cash FX.

Door Opportunity Online or Door Opportunity Digital Marketing Services.

Headed by Manases Magbuo Dugenio, Jr. a.k.a Domand D. Narvaez.

  • Solicits investments illegally.
  • Pyramid Scheme.

SEC advisory on Door Opportunity Online.

Big Dreams International and BDI Product Trading OPC

Headed by their CEO and President Anthony Olamit Bersaluna.

  • Solicits investments illegally.
  • Lacks Secondary License to sell investments.
  • Ponzi Scheme.

Read the latest SEC advsisory on Big Dreams International.

Beyond Generations Digital Marketing Services

Headed by Ivan Jao Robles.

  • No License to sell investments.
  • Sells unregistered investment.
  • Pyramid Scheme.

Read the SEC advisory against Beyond Generations Digital Marketing Services.

iWatch.ph Corporation

iWatch.ph Corporation is headed by Jerome Operio, Reiner Cadizand Joseph Regalario.

  • Operating as a pyramid scheme according to the SEC.
  • No Secondary License to sell investments.
  • Sell unregistered investment.

Read our iWatchph review and the SEC advisory.

Investrade Marketing/ Investrade Digital Marketing Services

Investrade Marketing/Investrade Digital Marketing Services is headed by Mary Grace Pelenio Ganzo.

  • Ponzi Scheme.
  • No Secondary License.
  • Sells unregistered investment.

Rea the SEC advisory here.

Learn and Earn Online

  • Ponzi Scheme.
  • Lacks Secondary License.
  • Investments not registered.

Read the SEC advisory here.

IX Trade/ iXTrade

Headed by Ingrid Arche.

  • Ponzi scheme.
  • No Secondary License to sell an investment.
  • Investments not registered.

SEC advisory on iXTrade.

Wonkacash/Wonka Cash App Financial Consultancy Services

Operated by a pseudonym Luisito Taruc.

  • Ponzi Scheme.
  • No license to sell investments.
  • Investments not registered.

SEC advisory on Wonkacash.

Align Assets

  • Not registered as a partnership or corporation.
  • No Secondary License to sell investments.
  • Sells unregistered investment.
  • No permit from the central bank to operate or engage in virtual currencies.
  • Ponzi Scheme.

Click the SEC fraud warning here. Read our Align Assets review.

TRADEXPERT/TradeXpert Technology Information Services

  • Not registered as a partnership or corporation.
  • No Secondary License to sell investments.
  • Sells unregistered investment.
  • No permit from the central bank to operate or engage in virtual currencies.
  • Ponzi Scheme.

Click the SEC fraud waring here.

Bitexpress Security and Commodity Contracts Brokerage

Owned by Melvin John Ballesteros Quinto.

  • Not authorized to sell investments.
  • Not authorized to engage in virtual currency trading.
  • Ponzi Scheme.
  • No registered as crowdfunding intermediary or a crowdfunding portal.

Read the SEC advisory.

Philhelp Administration of Financial Marketing/ Philhelp International Lending Company

Run by Reynaldo Cheng Pamen.

  • No license to sell investments.
  • Pyramid Scheme.

Read the SEC fraud warning.

Yumboss Corporation/ Yumboss Putok Batok/ Fresh Mart Super Store, Inc.

Lead by Marvin J. Ojeda as President.

  • No license to sell investments.
  • Sells unregistered investments.
  • Pyramid scheme.

SEC advisory on Yumboss.

RGS World Marketing Corporation

RGS World Marketing, RGS Online Shop, RGS Online marketing, and RGS Foundation are headed by Mr. Rodolfo Garcia Salarda, Jr., Mr. Henje Noble Cuadra, and Mr. Engie Esteves.

  • Ponzi Scheme
  • No license to sell investments.
  • Sells unregistered investments.

Read the SEC advisory here.

Royal O’ Consultancy Services and Royal O International Import and Export OPC

Investment-solicitation activities being perpetrated by Princes Joana Alfaid Campos.

  • Ponzi Scheme.
  • No license to sell investment.
  • Sells unregistered investment.

Read the SEC warning.

R.L Aggregates and Diversified Lending Group Inc.

  • Soliciting investments from the public illegally.
  • Ponzi Scheme.

Read the SEC advisory on R.L Aggregates and Diversified Lending Group Inc.

Solmax Global Limited and Igniter 100

  • Not registered to accept investments.
  • Ponzi Scheme.

SEC fraud warning on Solmax Global Limited.

Jamsmart

Headed by NiƱo Luis A. Jamili.

  • Solicits investments illegally.
  • Ponzi Scheme.

Read Jamsmart SEC advisory.

Bitaccelerate/ Bitaccelerateproject.com/ Bitaccelerator

  • Ponzi Scheme.
  • Solicits investments illegally.

SEC fraud warning.

Royal O Financial Consultancy Services

Investment-solicitation activities being perpetrated by Princes Joana Alfaid Campos.

  • Ponzi Scheme.
  • No license to sell an investment.
  • Sells unregistered investment.

Read the SEC warning.

Masa Mart Business Center

Heady by Jessie R. Royo.

  • Pyramid Scheme.
  • Solicits investments illegally.

Read our Masa Mart Business Center review and SEC advisory.

5 thoughts on “2021 Ultimate List of Scam Companies Philippines”

  1. Hey, could you do a special section on “chatbot” and “typing job” scams?

    Para may mapagdirect-an ako ng inquiries, this looks like a good compilation

    Reply
  2. Hello, scam buster, can you give us review about GO VIP remittance center, Unified product and service and Express Pay. Thank you po.

    Reply

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