First Quadrant Corporation
First Quadrant co-owns and manages D. Tactacan Shoe Manufacturing, DTSF Leather Supply, DOYEE Shoes, New Shoes Philippines Inc.. It also supplies and manufacture shoes for the following brands: Oleg Cassini, Lady Rustan's, SM Elegance, Milani, Styletto, Chateu Bourghesi and Rebecca Taylor (New York). It has earned the 2002 National Consumers Choice Award for Top Multi-Level Marketing Company of the Year and has achieved the same award in 2003.
From the time it has first operated in 1997, First Quadrant has been successful. From the initial 10,000 members, it has grown to 800,000 members proving how interested Filipinos are in business.
Despite its success, though, the corporation has been facing controversies and scrutiny. It was charged by the DTI with engaging in pyramiding schemes on January 25, 2005. DTI Undersecretary for Consumer Welfare, Adrian Cristobal Jr., said that after months of monitoring, the Anti-Pyramiding Task Force (APTF) found sufficient basis to formally charge the company and another Filipino firm, JC Martin Corp., of violating Article 53 of the Consumer Act. However, it has faced the contoversies and investigations and is now recognized as a legitimate multi-level marketing company.
- Caragay, Nene. Filipino First, Doyee Tactacan-Tumpalan. Quezon City: ABS-CBN Publishing, c2006. (read on November 28, 2007).
- "Entrepreneur Business Exchange." (accessed on November 28, 2007).
- "Mike Defensor’s First Quadrant in pyramiding scheme — DTI." (accessed on November 28, 2007).
- "Banking and Finance." (accessed on November 28, 2007).