sigh imagine relying on MFT’s audited financial statements
Still the same cautionary tale: if it’s promising very high annual returns for your investments (in this case, between 12-18%), be very wary about it.
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The Securities and Exchange Commission has accused Isla Lipana & Co., the Philippine unit of the world’s second-largest accounting giant PwC, of colluding with self-styled trading wizard Mica Francesca Tan in luring investors into her multi-billion peso Ponzi-style investment scam.
The complaint filed by the SEC with the Department of Justice, a copy of which was obtained by Bilyonaryo.com, highlighted that Isla Lipana’s questionable audit reports for Tan’s MFT Group of Companies from 2018 to 2021 played a pivotal role in supporting Tan’s fraudulent scheme to drain funds from the investing public.
Full article here
Still the same cautionary tale: if it’s promising very high annual returns for your investments (in this case, between 12-18%), be very wary about it.
———
The Securities and Exchange Commission has accused Isla Lipana & Co., the Philippine unit of the world’s second-largest accounting giant PwC, of colluding with self-styled trading wizard Mica Francesca Tan in luring investors into her multi-billion peso Ponzi-style investment scam.
The complaint filed by the SEC with the Department of Justice, a copy of which was obtained by Bilyonaryo.com, highlighted that Isla Lipana’s questionable audit reports for Tan’s MFT Group of Companies from 2018 to 2021 played a pivotal role in supporting Tan’s fraudulent scheme to drain funds from the investing public.
Full article here