The Securities and Exchange Commission (SEC) has extended the deadline for filing claims under the closed Legacy group of companies namely Legacy Consolidated Plans, Scholarship Plan Philippines Inc., and All-Asia Plans Inc. until April 15 this year to accommodate late filers.
The lawyer of controversial Legacy Group owner, Celso de los Angeles, told Cebu-based clients of the bankrupt financial services firm that his client is denying that a bank fraud was committed.
The National Bureau of Investigation (NBI) yesterday filed graft charges against former Securities and Exchange Commission (SEC) commissioner Jesus Enrique Martinez for allegedly colluding with Legacy Group owner Celso de los Angeles in misappropriating Legacy’s financial resources.
While Americans are in a bitter public outcry over the use or misuse of the bailout funds for corporate world’s fallen giant American Insurance Group (AIG), Filipinos are also dealing with a local version that involves duping hard-earned funds. Legacy Group’s reach and impact may not be as global as AIG, but its story is equally riveting.
The Securities and Exchange Commission (SEC) will try to issue checks for planholders of the Legacy Group's closed pre-need firms in time for June enrolment, it said Wednesday.
Six plan holders of Legacy Group filed on Wednesday a syndicated estafa case against owner Celso de los Angeles, his family, and business partners for the alleged misuse of company funds.