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Top 10 suspected financial scams according to SEC

5. Bagong Lahing Filipino Development Foundation, Inc.

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Bagong Lahi invites investors to join in project developments in the Philippines.

The company, however,was found to be in continuous operation even after its certificate of registration was revoked in 2008 for “serious misrepresentation as to what the corporation can do or is doing to the great prejudice of or damage to the general public.” According to SEC, the foundation has been reportedly undertaking various programs to solicit investment from the public.

Written by KM Viray

Government employee from 8 to 5. Writer in between hours. Mom all day everyday.

One Comment

  1. “This scam entices…”?? Is its proven that Success 200 is a scam? Know ur facts. Success 200 is not an investing company the method used in selling product is called multi level marketing.

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