December 7, 2022

The Securities and Exchange Commission has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the public under a scheme disguised as an investment platform for alleged gambling, medical supplies, and export firms.
In an order issued Aug. 12, the SEC directed the one person corporations to cease and desist from selling and/or offering securities in the form of investment contracts until they have filed and secured the necessary license.
The SEC further enjoined Royal O’ from transacting business involving funds in its depository banks and from transferring, disposing, or conveying any related assets to ensure the preservation of the 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 chief executive officer Princess Joana Jo Alfajid Campos and president Gretchen Aguas.
The order also extends to representatives, salesmen, solicitors, agents, uplines, enablers, and influencers, including Scelnna M. Jimenez, Christopher Dimaguila, Christopher Tundag, and Honeylyn Grace Israel.
The SEC issued the order after finding Royal O’ has been offering and selling securities without securing a secondary license from the Commission.
Royal O’ 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 would yield a daily return of three percent or 201 percent in 67 days. An investor who places P500,000 to 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 funds sourced from the public are then supposedly invested in various businesses being managed and operated by Campos, such as Oromagnet and Plasmatech.
The scheme involves the sale and offer of securities to the public in the form of investment contracts, whereby a person invests his money in a common enterprise and is led to expect profits primarily from the efforts of others, according to the SEC. – Press release