Reminder to all participants in the comment below:
We are discussing only about the “Caceres Lending Investor Co.” or “Global MoneyGlobal Money Lending and Networking Opportunities: A Money Making Idea. Read more ... » Unlimited” and not other companies, etc. Thank you for all the comments.
To all readers of this post, I just want to point out in this post the legal papers of the Global Money as what is mentioned on the videos and during the orientation.
I do appreciate every comments here. Regarding the legality issue, it is clear that the information from the company vs. SEC advisory is contradicting. GM said it is registered for 50 years but according to SEC the registration has already expired in 2009.
Regarding the SCAM issue, I based my opinion to this question, How do you call a company which is operating illegally?
As the author of this post, I will leave no further comment about the issue. It is up to you to decide about the advisory and the current activity of the company involved. And please check the meaning of scam here or from Merriam dictionary.
Advisory for all the members of Global Money Unlimited and Caceres Lending Investor Company. I got a document to testify that the on going operation of Global Money and Caceres Lending Investor Company is illegal and is a big SCAM.
Securities and Exchange Commission has released a written document about the legality of the said company most especially in the lending operation.
SEC has not issued any permit to operate to the said company and Global Money is not registered in SEC and therefore the whole operation of Caceres Lending, headed by Mr. Ed Caceres is a big SCAM and just to fool its members. The promises of the Mr. Ed Caceres in his video series is a big FAKE.
If you happened to be a registered member of Global Money, you should have taken this issue seriously before Mr. Ed Caceres create big damage on you. If you have borrowed money from the said Global Money, you are, may be lucky because you may not need to return the money. Sad to say to those who invested a lot (time, money and effort) for the Global Money Unlimited and Caceres Lending Investor Company because your are being SCAMMED by Mr. Ed Caceres.
The content of the letter is quoted below.
March 6, 2012
The Commission advises the public that the registration of CACERES LENDING INVESTOR COMPANY with SEC Registration No. A199909295, as a partnership, has already expired in 2009. Moreover, it has NOT been issued a Certificate of Authority (CA) to Operate as a Lending Company pursuant to R.A. 9474 or the Lending Company Regulation Act of 2007 and is therefore, NOT ALLOWED to engage in the business of lending anywhere in the Philippines.
Furtheremore, the records of the Commission do not show the registration of GLOBAL MONEY UNLIMITED INC. and CACERES GLOBAL FOUNDATION INC. as corporations or Partnerships.
The public is advised not to enter into any lending or other transactions with the above-named entities.
If anyone has any information relating to the unauthorized lending or other activities of CACERES LENDING INVESTOR COMPANY, GLOBAL MONEY UNLIMITED and CACERES GLOBAL FOUNDATION, INC., please call the Enforcement and Prosecution Department at telephone numbers 584-6337 (Office of the Director) and 584-7652 (Complaints and Investigation Division) or send an email to firstname.lastname@example.org