+ Follow GLASGOW CREDIT AND COLLECTION SERVICES INC Tag
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[ArticleID] => 289580
[Title] => SEC files charges vs Glasgow
[Summary] => The Securities and Exchange Commission (SEC) has filed with the Department of Justice a criminal complaint against the owner-directors of Glasgow Credit and Collection Services Inc. for unauthorized sale of investment contracts in violation of the Securities Regulation Code.
Glasgow offered investment contracts to 8,921 investors with the promise of a 15-percent interest a month for six-month placements. It was among the first batch of pseudo-investment companies that hogged the limelight following its failure to pay promised returns to investors.
[DatePublished] => 2005-08-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 226535
[Title] => Glasgow bid for 7-year payment of SEC fine rejected
[Summary] => The Securities and Exchange Commission is not inclined to accept the proposal of pseudo-investment firm Glasgow Credit and Collection Services Inc. to pay the assessed penalty of P10 million over a seven-year period.
An SEC official, who requested not to be named, said the commission is not likely to approve Glasgow’s proposed mode of payment. "The commission wants a shorter period. It should only be for one year," the same official said.
[DatePublished] => 2003-11-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
(
[ArticleID] => 226386
[Title] => SEC to revoke Lead license
[Summary] => The Securities and Exchange Commission (SEC) is now readying revocation proceedings against Lead Lending Corp. following complaints that the company continues to solicit investments from the public despite the cease-and-desist order (CDO) issued against it by the corporate watchdog agency.
Tomas Syquia, head of the SEC’s Compliance and Enforcement Department, said his unit has recommended the cancellation of Lead’s corporate license to further safeguard the interest of the investing public.
[DatePublished] => 2003-11-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 223334
[Title] => Glasgow pressed to pay P10-million penalty
[Summary] => Glasgow Credit and Collection Services Inc. is being pressed by the Securities and Exchange Commission to immediately pay the assessed penalty of P10 million for unauthorized sale of securities to the public in violation of the Securities Regulation Code.
The company was issued a cease-and-desist order by the SEC for offering to the public investment contracts without prior registration with the corporate watchdog.
[DatePublished] => 2003-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 209656
[Title] => SEC stops Lead Lending from soliciting funds
[Summary] => The Securities and Exchange Commission (SEC) has stopped another pseudo-investment firm, Lead Lending Corp., from further soliciting investments from the public.
Lead Lending has reportedly defrauded hundreds of unsuspecting investors at least P100 million into the company.
Operating at its principal office in Sucat, Parañaque, Lead Lending was found to have sold securities to more than 19 investors without prior registration with the SEC. The company is headed by its president Gaudencio C. Maximo.
[DatePublished] => 2003-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 200105
[Title] => SEC hunts owners of pseudo-investment firm
[Summary] => The Securities and Exchange Commission is hunting down the officers and owners of pseudo-investment firm LEAD Co. for selling unregistered securities in violation of the Securities Regulation Code.
SEC Chairman Lilia R. Bautista said the Commission is considering filing a criminal case against the owners of LEAD for offering investment contracts without prior registration with the corporate watchdog.
[DatePublished] => 2003-03-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 197614
[Title] => SEC zaps another pseudo-investment firm
[Summary] => In a continuing drive against illegal solicitation of investments, the Securities and Exchange Commission has pinned down another pseudo-investment firm, H-Factor Marketing & Trading Corp., for selling unregistered securities to the public.
The SEC filed yesterday before the Department of Justice a criminal complaint against H-Factor for violation of the Securities Regulation Code provision requiring prior registration of shares before any sale is consummated.
[DatePublished] => 2003-03-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 193453
[Title] => Filing of criminal raps vs Glasgow owners pushed
[Summary] => The Pasig Prosecutors Office has recommended the criminal prosecution of the owners and directors of Glasgow Credit and Collection Services Inc. for having allegedly committed large-scale estafa.
The order was signed by Pasig Prosecutor Fernando H. Dumpit.
In the order, Dumpit said: "Based on the evidence adduced, there exists a sufficient ground to engender a well-founded belief that crime of large-scale estafa in violation of Article 315 of the Revised Penal Code, has been committed and respondents are probably guilty thereof and should be held for trial."
[DatePublished] => 2003-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 186778
[Title] => Policemen, soldiers fall prey to pseudo-investment firm
[Summary] => Thousands of investors have fallen victims to pseudo-investment company MTST Holdings Inc.
A group of investors, mostly policemen, naval officers and members of the military, filed a complaint with the Securities and Exchange Commission against MTST, a supposed investment company owned by a certain Maria Teresa S. Santos, for failing to pay promised interests and principal investments back.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 182084
[Title] => Glasgow investors may get money back before yearend
[Summary] => The Securities and Exchange Commission said investors of Glasgow Credit and Collection Services Inc. may get their money back before December this year.
Tomas Syquia, head of the SEC’s compliance and enforcement department, said: "Before December, we expect to give it. We’re just fixing the payment scheme. The priority is to return the money."
Glasgow investors are expected to receive 79 percent of their principal investments back, slightly higher than the earlier announced figure of 67 to 68 percent.
[DatePublished] => 2002-10-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
GLASGOW CREDIT AND COLLECTION SERVICES INC
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 289580
[Title] => SEC files charges vs Glasgow
[Summary] => The Securities and Exchange Commission (SEC) has filed with the Department of Justice a criminal complaint against the owner-directors of Glasgow Credit and Collection Services Inc. for unauthorized sale of investment contracts in violation of the Securities Regulation Code.
Glasgow offered investment contracts to 8,921 investors with the promise of a 15-percent interest a month for six-month placements. It was among the first batch of pseudo-investment companies that hogged the limelight following its failure to pay promised returns to investors.
[DatePublished] => 2005-08-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 226535
[Title] => Glasgow bid for 7-year payment of SEC fine rejected
[Summary] => The Securities and Exchange Commission is not inclined to accept the proposal of pseudo-investment firm Glasgow Credit and Collection Services Inc. to pay the assessed penalty of P10 million over a seven-year period.
An SEC official, who requested not to be named, said the commission is not likely to approve Glasgow’s proposed mode of payment. "The commission wants a shorter period. It should only be for one year," the same official said.
[DatePublished] => 2003-11-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 226386
[Title] => SEC to revoke Lead license
[Summary] => The Securities and Exchange Commission (SEC) is now readying revocation proceedings against Lead Lending Corp. following complaints that the company continues to solicit investments from the public despite the cease-and-desist order (CDO) issued against it by the corporate watchdog agency.
Tomas Syquia, head of the SEC’s Compliance and Enforcement Department, said his unit has recommended the cancellation of Lead’s corporate license to further safeguard the interest of the investing public.
[DatePublished] => 2003-11-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 223334
[Title] => Glasgow pressed to pay P10-million penalty
[Summary] => Glasgow Credit and Collection Services Inc. is being pressed by the Securities and Exchange Commission to immediately pay the assessed penalty of P10 million for unauthorized sale of securities to the public in violation of the Securities Regulation Code.
The company was issued a cease-and-desist order by the SEC for offering to the public investment contracts without prior registration with the corporate watchdog.
[DatePublished] => 2003-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 209656
[Title] => SEC stops Lead Lending from soliciting funds
[Summary] => The Securities and Exchange Commission (SEC) has stopped another pseudo-investment firm, Lead Lending Corp., from further soliciting investments from the public.
Lead Lending has reportedly defrauded hundreds of unsuspecting investors at least P100 million into the company.
Operating at its principal office in Sucat, Parañaque, Lead Lending was found to have sold securities to more than 19 investors without prior registration with the SEC. The company is headed by its president Gaudencio C. Maximo.
[DatePublished] => 2003-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 200105
[Title] => SEC hunts owners of pseudo-investment firm
[Summary] => The Securities and Exchange Commission is hunting down the officers and owners of pseudo-investment firm LEAD Co. for selling unregistered securities in violation of the Securities Regulation Code.
SEC Chairman Lilia R. Bautista said the Commission is considering filing a criminal case against the owners of LEAD for offering investment contracts without prior registration with the corporate watchdog.
[DatePublished] => 2003-03-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 197614
[Title] => SEC zaps another pseudo-investment firm
[Summary] => In a continuing drive against illegal solicitation of investments, the Securities and Exchange Commission has pinned down another pseudo-investment firm, H-Factor Marketing & Trading Corp., for selling unregistered securities to the public.
The SEC filed yesterday before the Department of Justice a criminal complaint against H-Factor for violation of the Securities Regulation Code provision requiring prior registration of shares before any sale is consummated.
[DatePublished] => 2003-03-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 193453
[Title] => Filing of criminal raps vs Glasgow owners pushed
[Summary] => The Pasig Prosecutors Office has recommended the criminal prosecution of the owners and directors of Glasgow Credit and Collection Services Inc. for having allegedly committed large-scale estafa.
The order was signed by Pasig Prosecutor Fernando H. Dumpit.
In the order, Dumpit said: "Based on the evidence adduced, there exists a sufficient ground to engender a well-founded belief that crime of large-scale estafa in violation of Article 315 of the Revised Penal Code, has been committed and respondents are probably guilty thereof and should be held for trial."
[DatePublished] => 2003-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 186778
[Title] => Policemen, soldiers fall prey to pseudo-investment firm
[Summary] => Thousands of investors have fallen victims to pseudo-investment company MTST Holdings Inc.
A group of investors, mostly policemen, naval officers and members of the military, filed a complaint with the Securities and Exchange Commission against MTST, a supposed investment company owned by a certain Maria Teresa S. Santos, for failing to pay promised interests and principal investments back.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 182084
[Title] => Glasgow investors may get money back before yearend
[Summary] => The Securities and Exchange Commission said investors of Glasgow Credit and Collection Services Inc. may get their money back before December this year.
Tomas Syquia, head of the SEC’s compliance and enforcement department, said: "Before December, we expect to give it. We’re just fixing the payment scheme. The priority is to return the money."
Glasgow investors are expected to receive 79 percent of their principal investments back, slightly higher than the earlier announced figure of 67 to 68 percent.
[DatePublished] => 2002-10-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 3, 2003 - 12:00am
