Tag: investment scheme

LTFRB warns public vs Yellowdot investment scheme

(Eagle News) — The Land Transportation Franchising and Regulatory Board on Thursday, March 28, warned the public against investing with Yellowdot Transport Terminal Inc. The LTFRB issued the warning in a two-page notice after it ruled the company, which offers the “Millennial Jeepney” that is under the Public Utility Vehicle Modernization Program, was running an investment scheme that was prohibited under its Articles of Incorporation submitted to the Securities and Exchange Commission. Under the scheme, […]