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A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
In July 2003, the Supreme Court of the Philippines ruled with finality that the funds were ill-gotten and thus are considered public funds. Pres. Arroyo announced that the money in accordance with the law on recovered ill-gotten wealth from the Marcos family will be used for the Agriculture Sector and Agrarian Reform.
AyosDito.ph was an online classified-ads website for Filipinos to buy and sell online, regardless of their location in the Philippines. It was owned and operated by 701Search Pte. Ltd. , which is a joint venture between media giants Singapore Press Holdings and Schibsted .
Lit Motors Inc. is a San Francisco-based startup founded by Daniel K. Kim in 2010. Lit Motors designs conceptual two-wheeled vehicles with a focus on innovative technologies, including the AEV (Auto-balancing Electric Vehicle), often referred to as the "C-1," a fully electric, gyroscopically stabilized vehicle, [1] and the Kubo cargo scooter.
Location of the Philippines. The Philippines is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. It is a founding member of the United Nations, World Trade Organization, Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation forum, and the East Asia Summit.
RONN Motor Group was founded in 2007 [1] when founder Ronn Ford came up with the idea for the company's first car, the RONN Scorpion. [3] Mr. Ford was inspired by a business trip to China when he saw the growing demand for vehicles and knew carbon-burning cars would not be sustainable.
Motortrade Nationwide Corporation, branded as Motortrade and sometimes incorrectly called simply as Motortrade Philippines, is a Philippine-based conglomerate engaged in motorcycle dealership, [1] sales and repair, and loans services.
The Devel Sixteen is a mid-engine track-only sports car designed in the United Arab Emirates by Devel Motors.Devel Motors claims the V16 quad-turbo version of the car to be the fastest car in the world, with a claimed top speed of 348 mph (560 km/h) and a claimed 0–60 mph time of 1.8 seconds; its announced base version price is $1.7 million.