Mag ingat.
Maski maraming warning, paalala, marami pa ring nabibiktima.
Thursday, June 13, 2024
Scams/fraud situationer
"Every minute, a sucker is born" - P.T Barnaum
That is why scammers abound and multiply.
To the suckers out there, please take note
1. "Only paranoid survive" from Andrew Grove, former CEO of Intel
2. "Be careful in your business dealings, the world is full of trickery" Desiderata
3. "Caveat emptor"
To deal with this, govts have put up cybercrime units. In the Philippines there are cybercrime units for PNP and NBI. There are strict laws that punish scams: esp bouncing check law, Cybercrime laws, Art 315 of revised penal code. The Revised Security Act. The SIM registration. But scammers never seem to let go. They are back in numbers and intensity. Whatever happened to past scams.
With internet, the scammers do not have to bring arms or kidnap anyone to perpetrate their crimes. All they need are cellphones and their conning (cunning minds) No need to rob a bank.
There are many types of scams: romance, phishing, face to face, investment scam.
Let us see for example at FB
Scams, scams, scams, frauds everywhere....
Lately, a fmr batchmate inquired about another fmr batchmate who said was borrowing money.
Was I approached before for a a loan? I answered yest. But I said I am not into it anymore because I have all ready assigned my estate to my heirs and I have very little money on hand to spare. Besides I know that the person is well off, having worked before with a multi lateral bank.
I was told that the same person is borrowing money - huge millions. The person made millions from mere P500,000 investment in bitcoin and appeared to have lost all them.
Now babawe.
I am sure the person has lost it. Crypto is one of the investments experts have warned against. All people I know who invested in crypto/bitcoin have lost their investments - are penniless
New scams in 2024. (They got to be new)
Wednesday, April 27, 2022
Scams from armed fronts in the election; now scams from IT experts
This post has been informed of rip offs from armed groups in Visayas wherein the armed groups promises election victory to a candidate in exchange for a hefty sum. The candidate makes a say 10% downpayment and full payment. Only the 10% the downpayment is the loss of candidate
Yesterday, 3 young IT experts were caught by NBI for asking millions in exchange for victory in the elections. They will hack Smartmatic and Comelec election system. Fortunately they were caught. They are connected with a Smartmatic employee who is the leader. The DOJ Usec Mancao led the press con regarding the arrest.
Another one is a teacher pretending to be NPA who sent mails to schools threatening them that they will be blown up if they dont come across. Fortunately the teacher was caught.
Monday, October 31, 2016
Verify sources of your shares and repost - they could be fake or misleading
Rizal Philippines
October 31, 2016
Some posts could be prank or false information (we have no way of verifying from the web)
Some of the near disaster posts that I nearly fell victim too:
1. That an arrest warrant would be served to a lady govt official (talse)
2. That a driver lover alleged linked to a drug problem has been arrested (false)
3. That going to US would no longer require visa (false)
4. That FB would soon require payment (false FB would forever be free)
So ingat lang mga bloggers, social media users. Verify your sources. Baka makuryente
October 31, 2016
Some posts could be prank or false information (we have no way of verifying from the web)
Some of the near disaster posts that I nearly fell victim too:
1. That an arrest warrant would be served to a lady govt official (talse)
2. That a driver lover alleged linked to a drug problem has been arrested (false)
3. That going to US would no longer require visa (false)
4. That FB would soon require payment (false FB would forever be free)
So ingat lang mga bloggers, social media users. Verify your sources. Baka makuryente
Saturday, October 15, 2016
List of top scams that you must be aware of
There will be less educated scam victims
From Consumer Fraud report
The top 5 Philippine Scam
1. The Aman futures led by a Malaysian Manuel K. Amalilio who duped some P12 billion pesos especially in Visayas and Mindanao involving some 15,000 individuals. This was in 2012. They promised 50 to 80% returns within 17 to 20 days. Amalilio was arrested because of fake passport but has not been extradited to the Philippines
2. The Legacy group. Led by Mr. Celso de los Angeles. They promised double your money in five years. and used rural banks to get the money from the public
As of 2008, the bank accumulated a total of P467 million deposits but had negative networth of P239 million. When it was closed on December 12, 2008 it had only Cash on Hand of P1 million.
We had 2x your money for some of our projects but we paid them on time.
PDIC had advanced a total of P11 billion to the Legacy group
3. PDAF (by Napoles involving senators, congressmen) They were able to defraud a total of P10 billion pesos by siphoning funds to fake NGO, and then paying back to com to the sponsoring solons. This may have had the blessing of top govt officials.
4. Multitel led by Rose Balajadjay. The damage could have been in the order of P100 billion . The funny thing about this is that they were able to get endorsements of top SEC officials (who later stopped their operations) The scheme involved 2x your money for a minimum of P10,000 for a lock in period of 18 months The counselors were paid 20% commission.
5. PIPC involved Singaporean Michael Lew and wealthy Filipinos and promised interest/yield of 4.5% daily for a minimum of $1,000 which could be encashed via the internet. Lew was estimated to have fled with $150 million to $240 million of investors money.
From Consumer Fraud report
The top 5 Philippine Scam
1. The Aman futures led by a Malaysian Manuel K. Amalilio who duped some P12 billion pesos especially in Visayas and Mindanao involving some 15,000 individuals. This was in 2012. They promised 50 to 80% returns within 17 to 20 days. Amalilio was arrested because of fake passport but has not been extradited to the Philippines
2. The Legacy group. Led by Mr. Celso de los Angeles. They promised double your money in five years. and used rural banks to get the money from the public
As of 2008, the bank accumulated a total of P467 million deposits but had negative networth of P239 million. When it was closed on December 12, 2008 it had only Cash on Hand of P1 million.
We had 2x your money for some of our projects but we paid them on time.
PDIC had advanced a total of P11 billion to the Legacy group
3. PDAF (by Napoles involving senators, congressmen) They were able to defraud a total of P10 billion pesos by siphoning funds to fake NGO, and then paying back to com to the sponsoring solons. This may have had the blessing of top govt officials.
4. Multitel led by Rose Balajadjay. The damage could have been in the order of P100 billion . The funny thing about this is that they were able to get endorsements of top SEC officials (who later stopped their operations) The scheme involved 2x your money for a minimum of P10,000 for a lock in period of 18 months The counselors were paid 20% commission.
5. PIPC involved Singaporean Michael Lew and wealthy Filipinos and promised interest/yield of 4.5% daily for a minimum of $1,000 which could be encashed via the internet. Lew was estimated to have fled with $150 million to $240 million of investors money.
Characteristic of Scams
There will be less educated scam victims
There was this feature at ANC Money portion on scams. The scams are characterized by the following:
1. The deal is complicated. It could be difficult to understand for a layman to understand;
2. There is no such thing as guaranteed high continuous earnings. If the promoter promises that, then it is a scam.
3. Keep it a secret. If others know about this, then you may lose the opportunity;
4. The un educated, the lower SEC, the more numerous ones are victims, They lack financial literacy.
5. Scams happen because the investors never bother to check with DTI and SEC for licenses.
Watch out for these signs.
They were present in:
Balajadyay Celso de los Angeles,
How about the pre need? Were they scams?
There was this feature at ANC Money portion on scams. The scams are characterized by the following:
1. The deal is complicated. It could be difficult to understand for a layman to understand;
2. There is no such thing as guaranteed high continuous earnings. If the promoter promises that, then it is a scam.
3. Keep it a secret. If others know about this, then you may lose the opportunity;
4. The un educated, the lower SEC, the more numerous ones are victims, They lack financial literacy.
5. Scams happen because the investors never bother to check with DTI and SEC for licenses.
Watch out for these signs.
They were present in:
Balajadyay Celso de los Angeles,
How about the pre need? Were they scams?
Subscribe to:
Posts (Atom)