The Securities and Exchange Commission (SEC) has filed a cease and desist order against Philippine Landgroup Inc. (PLGI), a real-estate company victimizing citizens with its “owning your own hotel room scam.”
In an order, SEC said that its enforcement and prosecution department (EPD) found out through a series of investigation that PLGI is offering unregistered security investments to the public through one of its real-estate projects, the Grandview Tower Condotel located in Angeles City.
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