SEC files criminal cases vs Villar over alleged stock price manipulation
Francis Ed. Lim
SEC chair
The Securities and Exchange Commission has filed criminal complaints alleging that Villar Land Holdings Corp., its owners and top officers used misleading disclosures and coordinated trading to push up its price, helping transform the former cemetery plot developer into the country’s most valuable real estate firm.
In a complaint filed Jan. 30, the SEC charged Villar Land, formerly Golden MV Holdings Inc., with alleged violations of the Securities Regulation Code involving inflation statements, fraud, insider trading, and price…
