Manifesto of support for Chiyuto’s firm recalled

By Felipe V. Celino 

 

ROXAS CITY, Capiz— A manifesto of support for the investment scheme of Patrocenio “Doc Don” Chiyuto was recalled on Tuesday by no less than the author himself.

Retired Bureau of Fire Protection (BFP) Fire Marshal Pancho Dela Cruz withdrew the manifesto after former Pilar town mayor Gideon Ike Patricio said that Chiyuto, chief executive officer (CEO) of Chiyuto Creative Wealth Document Facilitation Services (CCWDFS), has no knowledge and did not approve of the move.

Patricio, the purported spokesperson of Chiyuto, said in a radio interview that the move might complicate the situation.

Dela Cruz’s manifesto sought to ask the Securities and Exchange Commission (SEC) to lift the cease-and-desist order it issued against CCWDFS so the latter can start paying out to its investors.

Earlier, Chiyuto assured his investors that he will not run away with their money.

“I will not run away with your money as I assured all of you that paying out will be done soonest as possible,” he said.

Chiyuto asked his investors to give him time as he is processing the necessary papers to make sure that his business is legal.

Chiyuto said that no politician or government official is behind his declaration of holiday and delay in the payouts to his clients.

He also urged his investors to be calm and shun detractors who question CCWDFS.

He asked for forgiveness from investors for the delay in the payout.

The SEC issued the cease and desist order on February 1, 2021 upon motion of its Enforcement and Investor Protection Department (EIPD).