The international alert, published on May 25 at the request of the Securities and Exchange Commission, asks law enforcement agencies worldwide to locate and provisionally arrest Tan pending extradition or similar legal action.
The move comes as criminal cases against the chief executive of MFT Group of Companies advance, adding international pressure on a business that prosecutors say raised funds from investors through an unregistered and fraudulent investment scheme.
Tan is the subject of an arrest warrant issued by the Taguig City Regional Trial Court for alleged violations of the Securities Regulation Code and the Cybercrime Prevention Act.
She also faces a separate arrest warrant issued by a court in Lipa City for syndicated estafa, with no bail recommended.
The SEC filed criminal complaints against MFT Group and Foundry Ventures I in 2024, accusing the companies of illegally soliciting investments by promising returns of 12 percent to 18 percent and claiming the funds would finance purchase orders tied to affiliate projects.
Prosecutors later indicted Tan and other company officers, arguing the operation functioned like a Ponzi scheme that used money from new investors to pay returns promised to earlier participants.
Authorities said the companies sold investment contracts without the registrations and licenses required under Philippine securities laws, exposing investors to what regulators described as a large-scale fraudulent investment operation.
—Edited by Miguel R. Camus
