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SEC warns public against Legacy Asia over investment scheme
Business World Philippines
|December 10, 2025
THE SECURITIES and Exchange Commission (SEC) has issued an advisory against Legacy Asia International and its owner for allegedly soliciting investments from the public while promising unusually high returns.
In its advisory, the SEC said Legacy Asia has been using its Facebook page to collect funds from the public, presenting these as investments or business loans with promised returns of 22%, 55%, 71%, or 88% over five, 15, 20, or 25 days, respectively.
“Investors may register through their website... or join different Facebook groups that are managed by team leaders to manage their investments and serve as their adviser in future transactions,” the corporate regulator said.
Dit verhaal komt uit de December 10, 2025-editie van Business World Philippines.
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