THE Department of Justice (DOJ) has recommended the filing of criminal charges against Opsytech Corp., its president and several agents for illegal solicitation of investments following a complaint filed by the Securities and Exchange Commission (SEC).
In a Nov. 21, 2025 resolution, state prosecutors said there was prima facie evidence with reasonable certainty of conviction to charge Opsytech and its president, Carl Chao, for violations of Sections 8, 26.3 and 28 of the Securities Regulation Code in relation to the Cybercrime Prevention Act of 2012. “Indeed, respondents Chao, Perez and Bendaña falsely represented that Opsytech has legitimate projects and business dealings. Unbeknownst to the investors, these were mere part of an elaborate show on the part of the respondents... in order to convince them to part with their money,” the resolution states. “The concerted actions among respondents to deceive the public supports the existence of conspiracy in the commission of this violation.” Also recommended for prosecution were Opsytech agents Jeffrey Lopez Perez and Brent Bendaña. The case stemmed from complaints received by the SEC regarding Opsytech’s offering of so-called business loan agreements. It allegedly promised monthly returns ranging from 2 percent to 9 percent for a minimum investment of P100,000, with a one-year lock-in period. Sixteen complainants were said to have invested a total of around P14.95 million. While some investors initially received payouts for a few months, postdated checks later issued by Opsytech reportedly bounced or were dishonored due to insufficient funds or closed accounts. The DOJ also upheld the SEC’s finding that Opsytech was not authorized or registered to sell, offer, or distribute securities as required by law.
