Royal O’s scheme is disguised as an investment platform for alleged gambling, medical supplies, and export firms.

The group offers two investment programs depending on the amount an investor is willing to part with.

An investment of P5,000 to P499,000 with a three-month contract will yield a daily return of three percent or 201 percent in 67 days.

An investment of between P500,000 and P10 million is guaranteed higher returns at 60 percent per month or 360 percent for six months.

Member-investors could also earn by recruiting more people into the program, where they are promised an additional six percent for direct referrals and downlines.

The SEC has also enjoined Royal O’ from transferring any funds and disposing or conveying any related assets for the benefit of affected investors.

The order covers Royal O’s affiliate companies Oromagnet International EGames OPC, Plasmatech Medical Supplies Trading, and Princess Joana Jo Alfajid Foundation, as well as owner and CEO Princess Joana Jo Alfajid Campos and president Gretchen Aguas.

According to the SEC, the funds sourced from the public are then supposedly invested in various businesses being managed and operated by Campos such as Oromagnet and Plasmatech.

Royal O’ initially registered with the Department of Trade and Industry under the name Royal O’ Financial Consultancy Services, and subsequently as a one person corporation with the SEC.

SEC records show the group has never secured a secondary license from the Commission.

Further investigations by the SEC revealed that Oromagnet, which supposedly operates e-sabong activities and casino operations, has no license, accreditation, or any pending application to engage in such activities from the Philippine Amusement and Gaming Corp.

Plasmatech is also not registered as a medical device establishment with the Food and Drug Administration nor does it have any registration or certification to engage in the business of importation and exportation from the Bureau of Customs.

“[T]he investment scheme employed by Royal O’ has the characteristics of a Ponzi scheme as it promises exorbitant returns with little or no risk at all to investors…” the SEC said.

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