Neri Naig Joins Dermacare Investors in Video Conference
NERI NAIG – A video of the actress-turned-businesswoman video conferencing with two Dermacare investors has gone viral online.
Naig, the wife of Parokya Ni Edgar frontman Chito Miranda, was arrested on November 23, 2024, facing 14 charges related to violations of the Securities Regulation Code (SRC) and syndicated estafa. These charges are linked to her promotion of an investment program for Dermacare, a beauty clinic, where investors were promised profits but encountered issues like bounced checks and unfulfilled financial commitments.
Although Neri ended her connection with Dermacare in September 2023 as both a franchisee and endorser, she remains involved in the case filed by the Securities and Exchange Commission (SEC) in May 2024. Each violation of the SRC carries a ₱126,000 bail, but the syndicated estafa charge, which involves a group-led fraudulent scheme, is non-bailable and could lead to life imprisonment if she is convicted.
Several pieces of evidence have emerged showing her connection to Dermacare. In fact, a video is circulating online showing her discussing the company with two individuals via video conference, where she says, “Actually apat po ang meeting natin for Dermacare, so pangatlo po kayo.”
However, Neri’s representatives have maintained that she was merely an endorser for Dermacare and did not encourage people to invest in the company. Last year, Neri publicly distanced herself from Dermacare, stating that she was no longer connected to the business. She clarified that any transactions made using her name were not approved by her and requested that people report any misuse of her name.
Zoom meeting of Neri, Dermacare
byu/milfywenx inChikaPH
The Securities and Exchange Commission (SEC) explained the difference between being an endorser and actively promoting investments in a company. According to an SEC official, if a person promotes an investment opportunity with promises of profit, they are involved in the buying and selling of securities, which requires proper registration with the SEC. This distinction is important in understanding the legal responsibilities regarding investment schemes.
Related Post: Neri Naig’s Alleged Victim Presents Evidence Encouraging Her to Invest