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The actress is facing 14 counts of violation of Section 8 of the Securities Regulation Code, which prohibits securities from being sold or offered for sale without a registration
MANILA, Philippines – Rufa Mae Quinto’s lawyer confirmed to ABS-CBN on Monday evening, December 2, that the actress faces an arrest warrant in relation to her involvement with the company Dermacare — the same one that actress Neri Miranda is facing estafa charges for.
But Quinto’s lawyer, Mary Louise Reyes, clarified to the site that the arrest warrant isn’t for large-scale or syndicated estafa but rather for 14 counts of violation of Section 8 of the Securities Regulation Code.
Section 8 states that securities can only be sold or offered for sale with a SEC-approved registration statement:
“Requirement of Registration of Securities. – 8.1. Securities shall not be sold or offered for sale or distribution within the Philippines, without a registration statement duly filed with and approved by the Commission. Prior to such sale, information on the securities, in such form and with such substance as the Commission may prescribe, shall be made available to each prospective purchaser.”
Quinto’s camp is expected to release a statement on Tuesday, December 3.
Miranda is facing a charge of syndicated estafa, and violations of the Securities Regulation Code.
Robert Labe, the lawyer representing the 39 clients who filed the charges, said Miranda allegedly “enticed” people to invest in a company that has no license for soliciting such investments, ABS-CBN reported.
Labe alleged that Miranda used her stature and reputation as a “person with integrity” and as a “Wais na Misis” (smart wife) with entrepreneurial pursuits in order to get people to invest.
Neri Miranda owns several businesses, such as Neri’s Gourmet Tuyo, some branches of the Italian restaurant Amare La Cucina, and a few rest houses for rent outside Metro Manila.
Former senator Kiko Pangilinan has come to Miranda’s defense, commenting on the online post of Neri’s husband, Parokya Ni Edgar vocalist Chito Miranda, to offer help to the actress.
Pangilinan said it should be the owners of the company that should be pursued, and not the endorser.
“Biktima rin si Neri tulad ng ibang nabiktima nung mga estafador sa likod ng kumpanya. Habulin dapat ‘yung mga may ari. Nawa’y madismiss o maibalik ang kaso sa piskalya para sa preliminary investigation at ma lift o ma-quash ang arrest warrant,” Pangilinan commented.
(Neri is a victim just like others who were targeted by swindlers at a company. The owner should be chased. May the case be dismissed or brought to the prosecutor for preliminary investigation and the arrest warrant be lifted or quashed.)
Chito said, “Ito ‘yung babaeng kinulong ninyo without bail, habang nakalaya pa ‘yung mga tunay na may kasalanan.” (This is the woman you imprisoned without bail, while those with actual faults walk free.) – with reports from Juno Reyes/Rappler.com