PONZI SCHEME. The Securities and Exchange Commission Cebu extension office releases to the public the purported secondary license as claimed by the beauty and cosmetic firm, SCET Colleens Corporation based in Cebu City. SEC-Cebu officer-in-charge lawyer Alma Marie Estrada-Dalen on Tuesday (Sept. 21, 2021) said the company was flagged for allegedly engaging in an investment scheme without secondary license from the government. (Photo courtesy of Vanessa Almeda)

CEBU CITY – The Securities and Exchange Commission (SEC) has flagged a company based here offering beauty, cosmetics, home and personal care to the public for allegedly engaging in a Ponzi scheme by soliciting investments without a…

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