The SEC lodged separate complaints before the Department of Justice against Bear Mountain World, Inc., Beyond Skin Care Ventures, Inc., SCET Colleens Corporation, and Great 4 International Marketing Corporation for violating several provisions of Republic Act No. 8799, or The Securities Regulation Code (SRC).
The complaints implicated the respective incorporators and officers of the entities.
For Bear Mountain, the complaint covered Ray Gian Larry G. Gervacio, Nathaniel P. Espanola, Lawrence S. Aliac, Emmanuel U. Cawit, Lailanie P. Ganela, Oscar L. Ora-a, Dante dela Cruz Llave, Danilo R. Allen, Ralph Emmanuel P. Mendoza, Danahlyn Anjelica D. Itom, Raquel L. Ricafort, and Jasmin I. de Leon.
Also charged together with Beyond Skin Care Ventures were Chanda P. Atienza, Maila B. Castillo, Jefferson Perez, Venus Eunizel P. Gonda, Catherine A. Salazar, Glen Guarin, Noelan Daz, Ronan Kemley Laig, and Pearline Charlotte Castillo.
Implicated in the complaint against SCET Colleens were Shara Jane Casao Chavez, Kay Anne Cuizon Leyson, Edith Francisse Villegas Tablante, Earn Sta. Rita Saguindel, and Artemio Tarona Ponce, Jr.
Meanwhile, Rannie Amora Nadela, Rizza Pardo Natividad, Glenn Blair Carnicer Morales, Marlon Salvador Adriano, Marvin Agraviador Langam, Cesaridad Palarca Obena, and Clyde Justine Ceralde are being held liable together with Great 4 International Marketing.
The SRC prohibits the sale or distribution of securities without a registration duly filed and approved by the Commission. Persons found guilty of the provisions of the SRC shall suffer a fine of up to P5 million, or imprisonment of up to 21 years, or both.
