(AP Photo/Michael Dwyer, File)
MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned the public against a Facebook page allegedly posing as a licensed online lender by using the corporate identity of a registered lending company without authorization, cautioning that such schemes could expose borrowers to fraud and identity theft.
In a public advisory, the regulator identified the Facebook page “PondoCash” as the subject of a complaint for allegedly using the business identity and other identifying information of Empire Peak Lending Investors Inc. to create the false impression that it is affiliated with or operated by the company.
READ: SEC cracks down on illegal online lending platforms
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