Don’t Get Scammed! Learn How to Spot Investment Scams in the Philippines…

‘Quick, easy, and risk-free investments’

If someone is promising you investments without risk, tell this to yourself over and over as they go on with their sales talk: “You are getting scammed.” Investing is the discipline of managing risk; the more risk you take on, the higher your potential returns. If you’re offered deals like an absurd 50 – 80% return in one week, then it’s best to get your cards off the table. This method is called phantom riches and is used to prey on newbie investors looking to instantly double up on their investment. (Security Bank).

Woman nabbed for alleged P130-M investment scam

Margarita Huang and her family are accused of duping hundreds of investors in 2016

MANILA, Philippines – The Philippine National Police (PNP) Criminal Investigation and Detection Group (CIDG) arrested a woman for allegedly leading a P130.5-million investment scam. Margarita Huang, also known as “Irma Pascual,” had 3 warrants of arrest and 12 counts of estafa hanging over her head before she was cornered by cops in a Quezon City condominium complex last Thursday, May 24. Huang’s family and an aide allegedly scammed hundreds of investors in 2016, promising them big returns for investing in a lending company. They issued a total of 423 unclaimable checks amounting to P130.5 million. (rappler).

Bitcoin scam ‘mastermind’: Release me so I can return investors’ money

MASTERMIND’€™. Arnel Ordonio is presented by police to the media with his wife Leonady in Camp Crame. File photo by Rambo Talabong/Rappler MANILA, Philippines – Arnel Ordonio, the alleged mastermind of the P900-million Bitcoin scam, apologized but also said he will not return the money he amassed unless he is released from detention.

“Mga kaibigan / investors / kamag-anak, sorry! Dito lang ako puwede humingi ng pasensya sa inyo, sana mapatawad ‘nyo ako, pero ang katotohanan ay hindi mababalik ang pera kung andito lang ako,” a detained Ordonio wrote in a letter shared to investors. (Friends, investors, relatives, sorry! I can only ask for your forgiveness here. I hope you’ll forgive me, but the truth is the money you invested cannot be returned if I’m just stuck here.) (Rappler)



SEC warns public against investing in Pluggle

MANILA, Philippines (UPDATED) – The Securities and Exchange Commission (SEC) warned the public against investing in Pluggle Incorporated, an online advertising website that is not authorized to solicit investments. The SEC said in an advisory on Thursday, October 12, that while Pluggle is registered with the commission, it is not authorized to solicit investments from the public because it has not yet secured the necessary license or permit. The corporate regulator said brokers, dealers, and salesmen of Pluggle who entice people to put money into their scheme will be prosecuted and could face the maximum fine of P5 million or 21 years of imprisonment, under Section 28 of the Securities Regulation Code. The SEC said those who invite other people to join or invest in this venture or offer investment contracts or securities to the public may also be held criminally liable. (READ: DW Capital faces SEC probe for P2.6B in ‘unauthorized’ trades) -(Rappler).


I have been in government department for 25 years and I know how hard is to live day by day and make end meet. Well, I can take this as an excuse and do nothing about it or make a difference by educating myself. I as the CEO of FINWAZE PHILIPPINES, COACH & MENTOR – will lead the people of Philippine to true financial education. I will tell all how I was scammed millions of dollars and how naive I was as a young investor.

In life you have choices – choose a path that you are happy and ignore those are destroying you.

I am only conducting courses in Mindanao for 2019 and maybe next years other cities.

Article by: Finwaze Philippines.

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