We would like to inform the public that SM Investments Corporation, its subsidiaries, and affiliates are not in any way connected with SMFund.com, sminvestment.com, and any other website asking for solicitations online. Neither does the SM Group of Companies sponsor or endorse any investment scheme contained in the websites with the domain names “SMFund.com’ and “sminvestment.com.

The Securities and Exchange Commission on Thursday disclosed that it is monitoring 10 entities, including popular online ‘investment firm’ Francswiss Investment, that are reportedly luring Filipinos to invest their hard-earned money into non-existent products and services.

ANOTHER suspected Internet-based “Ponzi investment scheme is now under close watch by the Securities and Exchange Commission (SEC) on the heels of the breaking up by the National Bureau of Investigation of an earlier scheme called Francswiss.

BESIDES showbiz and media personalities, people who thought they were investing in a corporate giant were also victimized by online pyramid scammers.

The SM Group of Companies has denied any involvement in the operations of SMFund.com and sminvestment.com, both of which are allegedly engaged in Internet-based quick money or Ponzi schemes.

SM Investments Corp. and its subsidiaries on Wednesday warned the public that it is in no way connected with the website SMFund.com, sminvestment.com and any other websites asking for solicitations online.

Sy-led holding company SM Investment Corp. yesterday issued a notice that distanced itself and its affiliates from Websites that has been asking for solicitations online.

The Philippines’ largest mall developer, SM Prime Holdings Inc (SMPHI) , said on Tuesday it had raised 4 billion pesos (.3 million) by issuing 5-year floating rate notes, with proceeds to fund capital expenditure.

Philippine-based conglomerate SM Investments Corp said it is looking at the possibility of expanding its retail and mall operations under unit SM Prime Holdings Inc into China, and is also considering listing its mall assets in Singapore.

SM Prime Holdings Inc. (SMPH.PH), operator of the Philippines’ largest shopping mall chain, said Tuesday that it has completed the issue of PHP4 billion worth of five-year notes, the proceeds of which will be used to fund its capital expenditures.