The Philippine Overseas Employment Administration has warned Filipinos working overseas about investment scams after a group working in Saudi Arabia became victims.
In an advisory, the agency said Filipinos working in Saudi Arabia were recruited by Sangguniang Masang Pilipino International Incorporated (SMPII), a Philippine-based non-profit organisation owned by Elpidio Reyes Tanaligo Jr.
The Filipinos in Saudi said SMPII encouraged them to make an investment with Almasai Finance and Investment (now Almasai Equity Holding Corporation). They were required to put an initial investment of 50,000 Philippine pesos (US$980) to earn a “guaranteed” interest of 5% each month.
However, after investing about 100 million pesos (US$1.96 million), the workers complained that they no longer received any of the promised interest and had lost contact with Tanaliga.
The Philippine Overseas Employment Administration warned Filipinos working overseas to be cautious when dealing with people that offer high-yielding investments.
The Securities and Exchange Commission had previously warned the public not to invest money in suspicious investment schemes, which may turn out to be fraudulent.
Kaya nga bah ayaw ko ng online business
Dapat vago mginvest sa online alamin muna nila sa SEC kng register dva
Ngpayaman sa pinaghirapan ng iba
Msyado kc nagpapaniwala sa mga ganyan sa kagustuhang yumaman kaagad …think twice kc bgo sumali o pumasok sa mga ganyan dhil karamihan Jan scam talaga sa una ka lng pagbigyan para mapalagay Ang loob mo sa bandang huli nawawala ka na
walang kadala dala
Wag muna maxado magbase s too good to be true. Naiisip din kc nila yan kaya kelngan magisip muna ng 100x kung legit b yan. Ano ang income ng company nya, gano na cla katagal, at ung office nila tgnan nyo kung prang isang iglap lng eh pwde na cla mag impake at kung tenant cla s bldg magtanong s security ng bldg about dun s company na un. Wlang masama kung nagiingat lng.
Gusto agad instants money they want to be a millioners in a month but insted to be, they’re crying after
Kahit naka register yan sa SEC hindi rin 100% segurado
Korek
tama k dyn kya ako nd ako sumasali s investment n cnsb nla kc scam lng un…
Mga anak ingat kayo sa kunting sahod nyo
Ha.. ha.. Mr. Garry Valeciano lagi nyong tatandaan????????????
What can you say about Unity Network?
Gusto kc mabilisan pera…
kaya nga dapat mag invest sa mismong nakikita mo, online kasi walang kasiguraduhan yan.
Kapag naglabas ka ng pera na walang kapalit na produkto…scam yan…tsaka icheck muna ang legalities ng company…
Member ako ng ATEAM online marketing business..ofw ako…
High-yielding investments must always be seen as suspect and too-good-to-true. We always want a fast buck and we are greedy (sorry) but earning much in a short time without much effort is just impossible.
Better slow but sure. And discernment from God is paramount before any investment or any important action/decision in life.
Yan ang napala ng mahilig sa malaking interest ng pera nila. Nakakuha sila ng interest pero nawala naman ang capital nila. A hard lesson learned.
marami yan dito sa UAE, walang kadala dala, dito sa Al-ain laganap. Isip-isip mga OFW, kasi masaya lang yong nakakadingoy hmmmpp. nasaan ang kanilang konsinsya, dinaan pa sa mga religious congregation….. nakakatulog pa kaya sila nang mahimbing sa ganitong situasyon. sana hinihipo na sila ng Holy Spirit ang kanilang puso’t isipan. Praised the Lord. Amen.