6 months Public warned vs Scentko, Brendahl Cruz scheme Manilatimes |Biz
THE Securities and Exchange Commission (SEC) on Wednesday warned the public against investing in Scentko World Corp. and supposed parent Brendahl Cruz Holdings Inc., which have been promising a 400-percent return from their “buy and earn” program. In an advisory, the state-run regulator’s Enforcement and Investor Protection Department said Scentko and Brendhal Cruz had no secondary license to solicit investments from the public. “[T]he public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments or recruiting investors for and on behalf of Scentko and Brendahl Cruz Holdings,” the SEC said.
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