DOJ orders filing of raps vs Opsytech

The Department of Justice (DOJ) has recommended the filing of criminal charges against Opsytech Corp., its president and several agents over the illegal solicitation of investments from the public. This followed a complaint filed by the Securities and Exchange Commission (SEC).

In a resolution dated Nov. 21, 2025, state prosecutors said they found prima facie evidence, with “reasonable certainty of conviction,” to charge Opsytech and its president, Carl Chao.

The violations fall under Sections 8, 26.3 and 28 of Republic Act No. 8799 or the Securities Regulation Code (SRC), in relation to Section 6 of Republic Act No. 10175 or the Cybercrime Prevention Act of 2012.

Also charged were Opsytech agents Jeffrey Lopez Perez and Brent Bendaña for violations of Sections 26.3 and 28 of the SRC, likewise in relation to the Cybercrime Prevention Act.

The case stemmed from complaints received by the SEC regarding Opsytech’s offering of a business loan agreement to raise funds for capital expenditures.

Based on the SEC’s findings, Opsytech promised potential investors monthly returns ranging from two percent to nine percent from a minimum investment of P100,000, with a one-year lock-in period.

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A total of 16 complainants invested around P14.95 million in the scheme. They claimed they received payouts for only a few months before the postdated checks issued by Opsytech were dishonored due to insufficient funds or closed accounts.

The DOJ ruled that the business loan agreement offered by Opsytech constituted an investment contract, as funds from private investors were used for capital expenditure in exchange for guaranteed returns.