G. Cosmos – Cease and Desist Order

Remember G. Cosmos, the dubious Japanese home marketing scheme that’s been so prominent in Manila lately? Last week, the SEC issued a cease-and-desist order against the company, based on violations of the the local Securities Registration Code, as well as complaints by customers and reports that Genta Ogami has an overseas criminal record. So enjoy those giant Genta Ogami billboards while you still can; they may not be around much longer.

Skybiz recruits should also be wary: the FTC has levelled charges against it as a pyramid scheme. Interestingly enough, the original CNET News article has disappeared. Check the cached copy on Google for the whole scoop.