What we know: the National Bureau of Investigation (NBI) raided the offices of PFEC (Performance Foreign Exchange Corporation or Performance Forex) at the Enterprise Building in Makati yesterday.
Why the NBI raided PFEC
The NBI gave the following reasons for conducting the raid: (1) some investors reported they have been scammed by PFEC; and (2) that the company is suspected of operating illegally (that is, against the stated purposes in its SEC registration).
Due to accusations of illegal foreign currency trading, the offices of Performance Foreign Exchange Corporation (Performance Forex or PFEC) at the Enterprise Building in Makati … Read More
The Bank of the Philippine Islands (BPI) is inviting BPI, BPI Family Savings Banks, and BPI Direct clients who are users of the online banking … Read More
The Philippine stock market plunged by 1.5% today but shares of media network GMA (stock code: GMA7) jumped on its IPO debut. Triggered by the … Read More
The richer you get, they say, the more money you have and the more expenses you make. And yet, there are rich and wealthy Filipino … Read More
Blog about your shopping experiences at SM Hypermarket and get a chance to win a trip for 2 to Kuala Lumpur and other gadgets. SM … Read More
In January this year, we asked, Does Adsense prohibit the use of StumbleUpon?
At that time, there was no definite reply from SEO experts or Google Adsense themselves. But now, there are more reasons to believe that StumbleUpon can actually lead to a banned Adsense account.
FrancSwiss out, PIPC in.
Just as the FrancSwiss scam issue is showing signs of fizzling out, a new scandal has rocked the financial sector involving a Singaporean and hundreds of wealthy Filipino investors.
Last week, an investor of the foreign exchange trading firm Performance Investments Products Corporation (PIPC) filed a complaint with the NBI claiming that the owner of the company, Singaporean Michael H.K. Liew, has fled the country and disappeared, supposedly taking with him between US$140 million and US$250 million of investors’ funds.
Meet other investors and discuss PIPC in the Performance Investments Products Corporation (PIPC) thread. Discuss the PIPC-related company, PFEC, in the Performance Foreign Exchange Corporation (PFEC) thread in the PMT Forum.
