Securities and Exchange Commission places
incorporators of VISIONER2020 under watchlist
The
Securities and Exchange Commission (SEC) placed the incorporators of
VISIONER2020 under its watchlist after the National Bureau of Investigation
(NBI) discovered its fraudulent investment operation.
In his
two-page letter dated November 22, 2012 to Presidential Communications
Operations Office (PCOO) Secretary Herminio "Sonny" Coloma Jr., SEC
Supervising Commissioner Manuel Huberto B. Gaite said the commission placed the
incorporators of Visioner2020 under its watchlist "in the event that they
incorporate or become part of another corporation, partnership or association
in the future".
Gaite
identified the incorporators of the Visioner2020 as Felmar S. Andagan, Glenda
G. Andagan, Efren E. Gepanao Sr., Evangeline L. Gepanao and Efren L. Gepanao,
Jr.
The SEC
official said the Visioner2020 International Traders Inc. was registered on
October 2, 2012 with the Cagayan de Oro Extension Office of the SEC as a
trading company to market all kind of mineral ores, among others.
However,
the Visioner2020 does not have a secondary license to sell securities.
On
November 20, 2012, the Corporation Finance Department (CFD) of the Commission
issued a certification that Visioner2020 is not a registered issuer of
securities pursuant to Sections 8 and 12 of the Securities Regulation Code
(SRC) and is therefore not licensed to offer or issue securities to the
public," Gaite said.
Consequently, the SEC posted at its website an
advisory to the public that Visioner2020 has no secondary license to issue
securities.
"At
the same time, the Extension Offices of the Commission were also informed
thereof. We shall also publish said advisory in a newspaper of general
circulation and in a local newspaper in Pagadian City to further warn the
investing public of the alleged pyramiding scheme of Visioner2020," Gaite
said.
"The
foregoing are the actions taken by the Commission on the alleged activities of
Visioner2020 and we would appreciate your assistance by providing us any
information or evidence that will aid us in our investigation of the instant
case," he added.
On Nov.
19, 2012, agents of the National Bureau of Investigation (NBI) conducted an
entrapment operation in Mendoza Building in Tiguma, Pagadian City, Zamboanga
del Sur.
The
30-year-old Glenda Andagan and her 10 employees were arrested during the
operation conducted by the NBI agents.
Seized
from Andagan’s possession were firearms, numerous documents and the P30,000
marked money used in the entrapment operation.
Reports
said the Visioner2020 purportedly proposes an offer of 30-percent interest
return to potential investors. PND (js)
President Aquino says K to 12 program aims to
advance competencies of Filipino graduates
The K to
12 program aims to advance the competencies of Filipino graduates to enable
them to stand at par with global practices and remain equipped with relevant
skills and knowledge in their chosen profession, President Benigno S. Aquino
III said on Thursday.
"We
are a government committed to upholding the welfare and interests of our
countrymen, and central to our national agenda is the strengthening of our
educational system," the Chief Executive said in his message to the
Pambansang Samahan para sa Edukasyon sa Pagpapahalaga (PSEP Inc.) on the
occasion of its 22nd Annual National Convention and Seminar-Workshop on Edukasyon
sa Pagpapakatao (EsP) on Thursday.
The PSEP,
Inc. is conducting its 22nd Annual National Convention and Seminar-Workshop on
Edukasyon sa Pagpapakatao with the theme "Pagpapahusay ng Kaalaman at
Kasanayan sa Pagtuturo ng EsP sa K to 12 Curriculum” at the Bohol Tropics
Resort, Tagbilaran City in Bohol. The convention started on Thursday and will
end on December 1, 2012.
"This (K to 12 program) gives our youth
steady, confident footing in pursuing a career, and thus, empowers them to
become able and productive participants in our shared task of
nation-building," the President said.
"The
success of this endeavor demands support and dedication from our teachers. May
this gathering bring light to the issues that you wish to address and may you
all emerge with deeper solidarity as one collective, and with renewed passion
in your work, as shapers of tomorrow’s leaders," he said. PND (js)
