SEC is asking DOJ to issue for 'lookout order' vs Emgoldex execs

Here is a follow up news about Emgoldex or the Global International Investment. The rumored scam investment which victimized the OFW and the Filipinos who are greedy and want  to earn money fast.

To those who are not aware about this business scheme, some of the incorporating members are now watched.

SEC said the lookout order was requested for Kevin Miranda, Ryan Manuit, Charles Juiz Padilla, Raahbel Ymas, John Rafael Calicdan, Jove Cajita, and Paul Alviar.

 The suspects, most of whom are incorporators of Prosperous Infinite Philippines Holdings Corp. (PIPHC), are being accused of selling or offering for sale or distribution unregistered securities to the public and without a license.

 The DOJ issues a lookout bulletin order to monitor movements of suspects facing criminal charges. 

The Bureau of Immigration (BI) then implements the same and issues an alert bulletin for further monitoring of suspects in the event that they pass through immigration counters in any international airport or seaport.

 Charges against related entities Emgoldex, PIPHC, and Global Intergold (GIG) were earlier filed by the SEC.

 SEC issued a warning against investing in Emgoldex as early as February 2015. The commission alleged that the company lures investors through promises of high returns, where an investment of P1,000 would earn profits ranging from P5,000 to P10,000 or a placement of P35,000 would yield P180,000 to P360,000.

Read More

Sponsor Links:

18 years for OFW to save P3 Million!

I read an article stating that it will take 18 years for an OFW to save P3 Million so that he could return home for good? Assuming that he save part of his monthly salary alone or with the spouse is worth P13,800.00. Do you think it is only worth P 3 Million? Let us compute to prove this argument.

So Let us Multiply P13,800.00 by 12 months to get a yearly saving.

Yearly saving is P165,600.00

For 18 years, we will multiply P165,600.00 by 18 years.

In 18 years we have P2,980,800.00

Wow, it will take 18 years to earn that money and you lost that 18 years away from home. Would you wait that long to earn P3,000,00.00?

For me, I don't think so!

There are many ways to grow your money like building a small store, doing part time jobs and investing. Yes, you heard me, investing.

With regards to small business, don't be discouraged because although it is a small business but I think it will add more income to you and you can save more money. After all, millions started from cents or perhaps P1.00.

The problem of being an OFW is that it is hard to start a business without our presence. Most of the time it will go bankrupt due to mismanagement and etc. Real Estate is also a good investment depending on location. Real Estate is all about location, location, and location.

The best option for me is to invest in stock market. Although almost all gurus will say that there is no guarantee that you will earn income from it since the stock market is fluctuating. Many will tell you to stay away from stock market. Leave it to the expert. But base in history and it is really proven that in the long run, this investment will earn more interest than real estate. If you read the American stock graph and even in the Philippines, long term stock investment will beat inflation and other forms of investment. But of course, you have to diversify your investment too. As the saying goes, don't put your eggs in one basket.

I would suggest that you have to invest in stock market but if you are not that savvy on the stock, it is better to invest in the mutual fund just like me. Balance Fund which is has bond fund and equity fund will increase 15% average yearly but if you invest in equity which is stock market using the mutual fund, it will have a yearly average of 20%.

I myself invest in a mutual fund but purely equity. Of course, I experience up and down. But I am  okay because I understand that it is normal for the stock market to move up and down for awhile but really, the direction is going up in the long run.

Why I invest in Mutual Fund instead of Stock Market? It is because I feel safe in it. Mutual Fund is composed of many companies that represent stocks. So if one company or stock is down or bankrupt, there are still other company to counter-balance it so the losses are minimized. If you invest in companies and it will close, all your money is gone. So that is the difference.

Back to the main topic why would I spend 18 years in abroad when I can grow my money faster by investing? Don't put your money in the bank, they will just laugh at your back. The bank will invest your money and they will get the high interest and you get the 1.5% interest yearly minus the 20% withholding tax on the interest so in reality, you will receive a 1.2% lol.

Here is the formula to compute your money if you up to work for 18 years abroad while investing the P13,800.00 monthly assuming a 15% since you invest it in mutual funds.

 

FV= Future Value of your Money
C= yearly money value invested or the money you save and invest yearly
I= Interest yearly
N= Number of years

So assuming C=P165,600.00 yearly invested
I= 15% interest yearly
N=18 years

We have

FV=165,600.00 X (1+.15)Exp 18-1)/ .15 X 1.15
FV=165,600.00 X 11.375453/ .15 X1.15
FV= 165,600.00 X 87.211
FV= P14,442, 275.00

You see your money will grow up to P14,442,275, not P3 Million Only!

The secret is investing and by doing so your money is compounded every year with 15% interest. This is just conservative computation.

Hope you find this article informative and good luck.

Read More

Sponsor Links:

"Lag-lag Bala" In the Airport is now known worldwide

This is now trending as many victims surfaced and told their harrowing experience. Some of them are old grandma ofw, a patient confined in a wheelchair, tourists and even teenagers. They claimed that the bullet was planted in their bag. In the first place why would anyone bring a bullet in their bag to ruin their journey? They knew that this is illegal and anyone caught with bullet will be punished with 6 years or more in jail.It is now featured in Fox News and even Japan make some video out of it. The government said that it is an isolated case wow. They don't care! What about the large sum of money they spent for Ads to lure tourist with the Slogan "It is fun in the Philippines"? This is the reason why tourist avoid Philippines as their choice of destination after they experience this scam and other forms of extortion.

This is ridiculous!

The first known case was with the Michael White, a 22 years old American tourist who wants to visit Palawan. He claimed that he was extorted to pay P30,000.00 so that he can leave free but he refused to do so and fought back. After this incidence many "Lag-lag Bala" cases surface.

It was the first time that the tourist Lane Michael White was detained in the Ninoy Aquino International Airport Terminal 1 after the authorities claim that they found a bullet concealed in the baggage that he brought. The 20-year old man was supposed to be visiting the islands of Palawan along with his father and stepmother when they were prohibited to move along at the X-ray scanner of NAIA Terminal 4. Michale White said that the security guard got the .22 caliber bullet from the pocket of his luggage. The guards repeatedly checked the bag on the X-Ray Machine.

Michael White

He denied that the bullet belongs to him. He said that he has no idea how it got in his luggage. White refused to settle the amount of P30, 000. He insisted that he is innocent. "God endured the pain when he was being whipped at the cross and if I need to be detained just to prove my innocence so be it," Micahel said. It is not the first time that allegations about the 'Laglag-Bala' modus operandi surfaced the internet. Recently, a story was shared by a balikbayan whereas the same incident happened. He said that he paid P500 to the security personnel to allow him to depart.

 According to someone who would not want to be identify said that this Scam or Modus Operandi or method of operation is operating for a long time but nobody dare to expose. The reason for this is that they chose a passenger having a connecting flight. A passenger with connecting flight is always in a hurry and don't want problem so they end up paying money to the airport employees who planted the bullet.

Read More

Sponsor Links: