SEC issues cease and desist order against Procap philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Lawyer Vitaliano Aguirre says Procap International Inc., the marketing arm of Procap Insurtech Ltd., is not engaged in a Ponzi scheme, while SEC insists the company is engaged in 'illegal investment solicitation activities'
Authorities go after Professional Capability International Inc. (ProCap) during the company's gala night on Sunday, October 15. ProCap's lawyer Vitaliano Aguirre II says his client is 'just a marketing arm' and not involved in soliciting investments.