DOJ To Charge Opsytech Over PHP 15 Million Investment Scam

The Department of Justice (DOJ) has recommended the filing of criminal charges against Opsytech Corp. and its executives for illegally soliciting investments from the public.

This action follows a complaint filed by the Securities and Exchange Commission (SEC) regarding the company’s unauthorised financial activities.

In a resolution dated November 21, 2025, state prosecutors found sufficient evidence to charge Opsytech President Carl F. Chao for violations of the Securities Regulation Code (SRC) in relation to the Cybercrime Prevention Act of 2012.

The DOJ also implicated company agents Jeffrey Lopez Perez and Brent Bendaña for their involvement in the scheme.

The case stems from reports that Opsytech offered “business loan agreements” to the public to generate funds for capital expenditure.

Under this scheme, the company promised potential investors monthly returns ranging from 2% to 9% on a minimum investment of PHP 100,000, with a lock-in period of one year.

To guarantee these returns, Opsytech issued postdated cheques to lenders.

The scheme collapsed when the cheques were dishonoured by banks due to insufficient funds or closed accounts.

A total of 16 complainants invested approximately PHP 14.95 million in the group, claiming they only received payouts for a couple of months.

The DOJ ruled that the agreements were investment contracts requiring registration, which Opsytech failed to secure. Prosecutors stated,

The resolution concluded that the “concerted actions among respondents to deceive the public supports the existence of conspiracy”

Featured image: Edited by Fintech News Philippines based on an image by BillionPhotos via Freepik.

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