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            [0] => Array
                (
                    [ArticleID] => 188204
                    [Title] => Glasgow eyes settlement offer
                    [Summary] => Glasgow Credit and Collection Services, Inc. said the Securities and Exchange Commission (SEC) has approved "in principle" its offer to voluntarily wind up and permanently cease its operations even as it said it is ready to withdraw its motion for the lifting of a cease-and-desist order (CDO) issued by the regulatory agency.


Glasgow president Manuel Roldan Jr. said Glasgow made the settlement offer in a bid to avoid "protracted litigation which could adversely affect the firm's some 9,000 creditors."


                    [DatePublished] => 2002-12-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 187000
                    [Title] => Glasgow: SEC scores a first
                    [Summary] => The Securities and Exchange Commission (SEC) recently marked a first in its ongoing campaign to clean up the domestic small investments industry with the successful conclusion of the issues involving Glasgow Credit and Collection Services.


The SEC is currently overseeing the payment of close to P700 million to creditors of Glasgow following SEC’s move to lift the freeze order on the liquid assets of the firm deposited in five banks.


                    [DatePublished] => 2002-12-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 186576
                    [Title] => Kudos to SEC on Glasgow
                    [Summary] => Small investment firms suspected of operating so-called pyramiding schemes have come tumbling down like a deck of cards, thanks to the vigilance of the Securities and Exchange Commission (SEC).


Many small investors, including teachers and policemen, have reportedly placed their hard-earned money in the hands of these firms which promised large returns. The scheme is very attractive. In fact, one firm is said to have generated close to P28 billion.


                    [DatePublished] => 2002-12-04 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 186299
                    [Title] => SEC lauded on handling of Glasgow claims
                    [Summary] => The Securities and Exchange Commission (SEC) was recently hailed by creditors of Glasgow Credit and Collection Services, Inc. for ordering the unfreezing of the funds of the firm resulting in the early settlement of their claims with the firm.


The SEC asked the Anti-Money Laundering Council (AMLC) last week to unfreeze the bank accounts of the firm. Some 9,000 creditors of Glasgow Credit and Collection Services, Inc. also started receiving last week payments for close to 80 percent of the firm’s outstanding obligations.


                    [DatePublished] => 2002-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 185624
                    [Title] => Glasgow starts to pay creditors
                    [Summary] => Glasgow Credit and Collection Services, Inc. recently established a precedent as it started to repay some 9,000 creditors following a move by the Securities and Exchange Commission (SEC) to ask the Anti-Money Laundering Council (AMLC) to unfreeze the bank accounts of the firm.


                    [DatePublished] => 2002-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 169327
                    [Title] => SEC, kilos naman
                    [Summary] => NANGGAGALAITI si PNP Deputy Dir. Gen. Edgar Aglipay. Wala siyang kamuwang-muwang, idinawit ang pangalan niya bilang may-ari umano ng Glasgow Credit and Collection Services. Kasama ng ICS Exports, nabalitang tinangay ng Glasgow ang perang pautang ng military at police generals na nag-akalang kikita sila ng limpak-limpak na interes.


                    [DatePublished] => 2002-07-23 00:00:00
                    [ColumnID] => 135482
                    [Focus] => 0
                    [AuthorID] => 1805283
                    [AuthorName] => Jarius Bondoc
                    [SectionName] => PSN Opinyon
                    [SectionUrl] => opinyon
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 168568
                    [Title] => No deposits in fund scam, says BFP
                    [Summary] => The Bureau of Fire Protection (BFP) has denied that one of its disbursing officers invested P15 million of the bureau’s money in a dubious investment scheme.


In a statement, BFP chief Francisco Senot said no money of the bureau was invested in either ICS Exports, Inc. or Glasgow  Credit and Collection Services, Inc. or any other financing or investment  entities. ICS Export is accused of being behind the billion-peso financing scam that reportedly swindled 5,000 policemen, soldiers, bankers and employees from the public and private sectors.


                    [DatePublished] => 2002-07-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 168309
                    [Title] => Aglipay nixes link with credit, collection firm
                    [Summary] => Metro Manila police chief Deputy Director General Edgar Aglipay categorically denied reports yesterday that he’s one of the incorporators of the Glasgow Credit and Collection Services, Inc., a corporation where the police and military are allegedly investing earnings derived from "jueteng", illegal drugs and kidnap-for-ransom activities.


 "I vehemently deny that I have investment in Glasgow Credit and Collection Services, Inc.," said Aglipay in a statement.


                    [DatePublished] => 2002-07-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

        )

)

GLASGOW CREDIT AND COLLECTION SERVICES

Array
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    [results] => Array
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                (
                    [ArticleID] => 188204
                    [Title] => Glasgow eyes settlement offer
                    [Summary] => Glasgow Credit and Collection Services, Inc. said the Securities and Exchange Commission (SEC) has approved "in principle" its offer to voluntarily wind up and permanently cease its operations even as it said it is ready to withdraw its motion for the lifting of a cease-and-desist order (CDO) issued by the regulatory agency.


Glasgow president Manuel Roldan Jr. said Glasgow made the settlement offer in a bid to avoid "protracted litigation which could adversely affect the firm's some 9,000 creditors."


                    [DatePublished] => 2002-12-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 187000
                    [Title] => Glasgow: SEC scores a first
                    [Summary] => The Securities and Exchange Commission (SEC) recently marked a first in its ongoing campaign to clean up the domestic small investments industry with the successful conclusion of the issues involving Glasgow Credit and Collection Services.


The SEC is currently overseeing the payment of close to P700 million to creditors of Glasgow following SEC’s move to lift the freeze order on the liquid assets of the firm deposited in five banks.


                    [DatePublished] => 2002-12-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 186576
                    [Title] => Kudos to SEC on Glasgow
                    [Summary] => Small investment firms suspected of operating so-called pyramiding schemes have come tumbling down like a deck of cards, thanks to the vigilance of the Securities and Exchange Commission (SEC).


Many small investors, including teachers and policemen, have reportedly placed their hard-earned money in the hands of these firms which promised large returns. The scheme is very attractive. In fact, one firm is said to have generated close to P28 billion.


                    [DatePublished] => 2002-12-04 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 186299
                    [Title] => SEC lauded on handling of Glasgow claims
                    [Summary] => The Securities and Exchange Commission (SEC) was recently hailed by creditors of Glasgow Credit and Collection Services, Inc. for ordering the unfreezing of the funds of the firm resulting in the early settlement of their claims with the firm.


The SEC asked the Anti-Money Laundering Council (AMLC) last week to unfreeze the bank accounts of the firm. Some 9,000 creditors of Glasgow Credit and Collection Services, Inc. also started receiving last week payments for close to 80 percent of the firm’s outstanding obligations.


                    [DatePublished] => 2002-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 185624
                    [Title] => Glasgow starts to pay creditors
                    [Summary] => Glasgow Credit and Collection Services, Inc. recently established a precedent as it started to repay some 9,000 creditors following a move by the Securities and Exchange Commission (SEC) to ask the Anti-Money Laundering Council (AMLC) to unfreeze the bank accounts of the firm.


                    [DatePublished] => 2002-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 169327
                    [Title] => SEC, kilos naman
                    [Summary] => NANGGAGALAITI si PNP Deputy Dir. Gen. Edgar Aglipay. Wala siyang kamuwang-muwang, idinawit ang pangalan niya bilang may-ari umano ng Glasgow Credit and Collection Services. Kasama ng ICS Exports, nabalitang tinangay ng Glasgow ang perang pautang ng military at police generals na nag-akalang kikita sila ng limpak-limpak na interes.


                    [DatePublished] => 2002-07-23 00:00:00
                    [ColumnID] => 135482
                    [Focus] => 0
                    [AuthorID] => 1805283
                    [AuthorName] => Jarius Bondoc
                    [SectionName] => PSN Opinyon
                    [SectionUrl] => opinyon
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 168568
                    [Title] => No deposits in fund scam, says BFP
                    [Summary] => The Bureau of Fire Protection (BFP) has denied that one of its disbursing officers invested P15 million of the bureau’s money in a dubious investment scheme.


In a statement, BFP chief Francisco Senot said no money of the bureau was invested in either ICS Exports, Inc. or Glasgow  Credit and Collection Services, Inc. or any other financing or investment  entities. ICS Export is accused of being behind the billion-peso financing scam that reportedly swindled 5,000 policemen, soldiers, bankers and employees from the public and private sectors.


                    [DatePublished] => 2002-07-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 168309
                    [Title] => Aglipay nixes link with credit, collection firm
                    [Summary] => Metro Manila police chief Deputy Director General Edgar Aglipay categorically denied reports yesterday that he’s one of the incorporators of the Glasgow Credit and Collection Services, Inc., a corporation where the police and military are allegedly investing earnings derived from "jueteng", illegal drugs and kidnap-for-ransom activities.


 "I vehemently deny that I have investment in Glasgow Credit and Collection Services, Inc.," said Aglipay in a statement.


                    [DatePublished] => 2002-07-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
                )

        )

)

abtest