New batch of complaints vs HK Emgoldex leaders
THE latest complaints against two more alleged Hong Kong leaders of the Emgoldex investment scam made the same promises to their recruits – that of little investment, yielding exponential profits.
Hermogenes Cayabyab Jr., Assistance to Nationals officer of the Philippine Consulate General, said eight complainants signed an affidavit against Amelia S., a domestic worker.
These complainants, also domestic helpers here in Hong Kong, alleged that they gave between $2,600 and $4,200 each to Amelia in July and August 2015.
In return for their investments, Amelia allegedly told them that they would be earning profits of between P180,000 and P360,000, or as much as a 23-fold growth for their money.
On the other hand, two complainants have also signed an affidavit against a certain Ricardo M., also a domestic helper.
A male and female complainant said that they each handed over $6,500 to Ricardo in June 2015 for solo accounts.
Like Amelia, Ricardo allegedly told them that their money would earn between P180,00 and P360,000.
The signed affidavits said the complainants have not received the profits promised to them and were instead told to “wait and invite more people to join Emgoldex”.
In February, some 20 Filipino domestic helpers met and confronted MJ, one of Emgoldex investment recruitment leaders, at the Philippine Consulate General.
During the meeting, it was alleged that up to 488 Filipinos in Hong Kong as well as their kin invested at least P36,000 for a single account in the scheme.
The complainants also alleged that MJ was able to buy a car and a water refilling station business in the Philippines from her Emgoldex earnings. They also said she used to brag that she received a P2-million bonus because she had 13 accounts in Emgoldex.
MJ promised to refund the investors whose money have yet to be encoded and remitted to the Germany-based firm.
The SEC earlier sued Emgoldex, Global Intergold, and Prosperous Infinite Philippines Holdings Corp. for allegedly selling unregistered securities without a license. As early as February 2015, the SEC issued an advisory against investing in Emgoldex.