Hit by One Lightning Scam? SEC Urges Victims to Come Forward

The Securities and Exchange Commission (SEC) is looking at suing One Lightning Corp. for investment fraud and is urging victims to come out and report to the commission.

“Already under investigation,” SEC chairperson Teresita Herbosa told GMA News Online when asked whether it intends to sue the company.

“Persons prejudiced who wish to come forward should come to the Enforcement Department of SEC,” she added.

In a March 10 advisory, the SEC warned the public against dealing with One Lightning because it has not been issued a secondary license to publicly offer or sell securities and to solicit investments from the public.

According to One Lightning, it is a Filipino-owned corporation established in 2014 to market beauty, skin, and personal care products, food supplements, & healthy beverages “through a unique and powerful distribution method designed to provide exceptional income opportunity to its distributors for both local and international market.”

On Wednesday, a victim interviewed by GMA News Online, who asked not to be named as she is in the process of trying to recover money as promised by the company, said the recruiters lured potential investors with expensive cars and huge returns to invest up to P380,000 at the start.

However, after news of the scam broke out, the victim said she and her husband could no longer access their online account. Neither were they able to contact officials of One Lightning.

Phone calls to One Lightning’s published numbers remain unanswered as of this posting, and GMA News Online is still waiting for an official statement from the company. – VS, GMA News


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