Famous investment scams in the Philippines
The post-Covid-19 pandemic has led to an economic recession, causing many people to lose their jobs, making life difficult, and also leading to an increase in scams. Attractive offers such as "invest 1 and get 10", or "you don't need to do anything to make money, with just a small capital" cannot help but attract many gullible people who want to earn more income. in a difficult economic situation. As a result, in the Philippines, many people have fallen into investment "traps" from scammers. These "phantom" investments can be stock investments, corporate scandals or pyramid scams. In this article, let's learn about some investment scams in the Philippines and how to avoid scam risks.
October 25, 2023