EmGoldex Scam Up Date: Philippine SEC file second round of complaints!

April 11, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News

EmGoldex Scam Alert

Philippine SEC file second round of EmGoldex complaints

Attempts to quash EmGoldex and its various incarnations in the Philippines continue, with news of the SEC filing a second round of complaints.

Late last year the Philippine SEC filed criminal charges against Global InterGold ringleaders.

Facing continued negative publicity and media attention, in mid 2015 EmGoldex changed its name to Global InterGold.

Following on from a regulatory warning and cease and desist against EmGoldex and Global InterGold issued in November 2015, the SEC filed criminal complaints against six local ringleaders.

In the petition, the SEC alleged Lapid was “actively promoting, advertising and posting through Facebook the marketing program of GIG and PIPHC as well as some photos of other members of GIG and PIPHC especially Kevin Miranda, who is a renowned ‘grand upline’ of GIG and PIPHC.”

Read the full article and join in the discussion over at BehindMLM.

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