Hey everyone, how are you? I hope everything is fine and ok. Last weekend, we heard another hot news about the latest financial scam in the Philippines. As the news stated, almost P3 billion has been stolen to our kababayans specifically in Batangas area.
Sad to say, the founder and other members of the company cannot be found right now. The hard-earned money of our kababayan was gone like dust in the sky. Tsk, another lesson learned.
On this short article, I will share some of the latest suspected financial scam in the Philippines today. This can help our fellow kababayans to be more vigilant and aware so they can protect their hard-earned money. You may have heard some of these but in case you did not, it’s good to know them.
Please take note that this is not to offend anyone related or working with the following organizations or company, I just gathered the list from the official website of SEC (Security and Exchange Commission) and sharing it to our fellow kababayans to help them become aware.
As also mentioned, some of the company below are just “suspected” to be financial scam which are not confirmed until proven. This blog and the author does not guarantee the legitimacy and accuracy of all the details.
10 Suspected financial scam in the Philippines 2015
10. One Dream Global Marketing Inc.
This is the newest and hottest financial scam in the Philippines aired couple of weeks ago. As stated in the news, it is proven as scam already as the owners and leaders of the company vanished together with the investor’s money.
The One Dream Global Marketing Inc. lead by the said Arnel Gacer said to be fooled our fellow kababayans mostly in Batangas area. As per the news, almost 20,000 people are scammed in Batangas alone by this company and allegedly P3-billion pesos were involved in the “fake” investment.
As per the news, you need to pay P888 to have one slot and that will gives an investor access to an exit or pay-out window of P1,300 after 4 days. For a P1,776 pay-in, the payout is P2,517++ and so on.
DOJ and other authority are already doing investigation about this financial scam. Beware!
9. F.L.A.G Prosperity Marketing Inc. or Freedom Life Advance Global Marketing Inc.
As per SEC official advisory, F.L.A.G is based in Calamba Laguna and operating in nearby provinces including Metro Manila. The said company offers “investment” of P1,500 per slot and promised to have a return of P2,200.
SEC advised that F.L.A.G is not authorized to solicit investments from the public and did not secure proper registration or license to operate legally. You can view the official SEC advisory here.
8. Success200 International Marketing Corporation
On this new suspected financial scam in the Philippines, the investor needs to “invest” P1,800 promising to have a return of P10,000 or P36,000 promising to have a return on P200,000. Whoa! That’s a huge return of investment! Lol.
SEC advised that Success200 is not legally allowed to solicit investment from the public. Although not yet proven or confirmed to be “scam”, SEC advised to exercise self-restraint and take necessary precautions in dealing with this company. Read the full SEC advisory here.
7. Goldextreme Trading Co.
On this one, investors are offered P5,000 per slot with a promising return on investment amounting to P24,450. More than 300% return! Whaat?
As per the SEC advisory, Goldextreme is a registered business for whole sale and retail sale of gold/jewerly but SEC clearly advised that this group is not allowed or not authorized to solicit investments from the public. Check the SEC advisory here.
6. Bagong Lahing Filipino Development Foundation Inc.
SEC advised that this company is not a legally registered business here in the Philippines. It’s certificate of registration was revoke last July 3, 2008. Therefore, this company is not allowed to solicit investments from the public. SEC warns the public to stay away from this company. Read the full SEC advisory here.
5. Hyper Program Intl. Direct Sales and Trading Corp./ HPI Direct Sales and Trading Corp.
Apology for missing this one. This company also got warning on SEC advisory page advising the public to restraint and be wary in transacting with this company. SEC stated that no secondary license has been issued to this company to publicly offer or sell securities and to solicit investments from the public. Read the advisory here.
4. J79 Galore Online Marketing
Another suspected financial scam in the Philippines is the J79 Galore Online Marketing. As per SEC, this company offers P3,000 invesment and a return of P15,000. another “mission-impossible” type of returns.
SEC also advised that this company is not registered as a corporation or even partnership and is not allowed to solicit investments from the public. Read the full SEC advisory here.
3. Satarah Wellness Marketing
This group which primarily operates in Baguio City is also not allowed to solicit investments from the public. Thus, SEC warns the public to be vigilant on this company. Check the full advisory here.
2. One lightning Corporation
This seems to be another financial scam in the Philippines. As per SEC, this company is not allowed to solicit investments from the public.
As per SEC advisory too, this group invites people to invest on cosmetics and healthcare products promising huge returns. In fact, SEC released 3 official advisories about this company.
The last one is the cease and desist order advising the company to stop its operation. Read the full advisory below.
1. Emgoldex Philippines
This group seems to be lurking around the internet for their modus. As per SEC advisory, Emgoldex offering a P5,000 to P10,000 return for a P1,000 investment or P180,000 to P360,000 for a P35,000 payout. This should be obvious madlang people!
As per SEC, Emgoldex is not legally authorized to solicit investments from the public of the Philippines. You can read the first SEC advirosory here and the second SEC advisory here.
There you have it! Those are 9 “suspected” financial scam in the Philippines this 2015. We’re just in the middle of the year and it seems that the list could grow before we end 2015. All these data are taken from the SEC official website.
Hopefully by sharing this list, you are gaining lessons that can help you identify if the investment is scam or not. You can also check my investment scam checklist here to give you more idea in identifying financial investment scam.
Last Word
Never invest in the things you don’t understand. Especially those with “promising higher returns in short period of time“.
You must be vigilant in handling your hard-earned money. It’s your money, you’re the only one responsible how to manage them. Increase your knowledge in personal finance by attending seminars, reading personal finance blogs, reading personal finance related books, watching videos and many more.
Being financially literate is the best and only proven way to protect yourself in financial scams like these.
