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)