The Department of Justice (DOJ) has recommended the filing of criminal charges against Opsytech Corp., its president, and two agents for illegally soliciting investments from the public.
In a resolution dated November 21, 2025, prosecutors said there is sufficient evidence to charge Opsytech and its president, Carl F. Chao, with violations of the Securities Regulation Code, in connection with the Cybercrime Prevention Act of 2012. Also named were agents Jeffrey Lopez Perez and Brent Bendaña.
The case arose from complaints filed with the Securities and Exchange Commission (SEC) over Opsytech’s offer of a “business loan agreement” to raise funds for capital spending.
Opsytech allegedly promised monthly returns of 2 to 9 percent on investments of at least P100,000, with a one-year lock-in period. Investors were given postdated checks as a guarantee.
Sixteen complainants said they invested a total of about P14.95 million. They reported receiving payments for only a few months before the checks bounced due to insufficient funds or closed accounts.
The DOJ ruled that the scheme amounted to an investment contract, as it used public funds in exchange for guaranteed returns. It also upheld the SEC’s finding that Opsytech was not registered or authorized to sell securities.
Prosecutors said the respondents misrepresented Opsytech’s projects and business activities, adding that their coordinated actions showed conspiracy to deceive the public.
