New scams to watch for in 2025! Dont be a victim?!

Every minute a sucker is born (PT Barnaum). Let us not be one Very few read this blog. I guess many have been victims

Scams by Pastors; from tithes donations tickets when parishioners cant even pay rent on time

Every minute a sucker is born (PT Barnaum). Let us not be one

Many pastors lived luxurious lives are millionaires.  Donations found their way to luxury car, jets, and multi million dollar homes.   How dare they use name of God to defraud followers.

They belong to prosperity pastors.   That if you gave more, you get more.   God wants you to be rich.  

Dont be a victim. 

The Catholic church through Pople Leo XIV is correct in enjoining cardinals to sell cars, to spend a time in their missions for homeless, to live in ordinary apartments, and sell cars.  

But of course there is resistance from those who live on culture of entitlement

Jeff Carpoff from a mechanic to a venture sydicator

Every minute a sucker is born (PT Barnaum). Let us not be one

Some people are ingenious and resourceful.   How come they can pull off a scam like this, and yet other mortals cant form a company.?

Did his amazing wealth come from top level scam?

Every minute a sucker is born (PT Barnaum). Let us not be one

Gautam Adani ranked 3rd richest person in the world.  Some of the members of the family  figured in corrupt and illegal practices. But none was indicted.   

They were exposed by short seller Hinderburg.   

Why do govts allow such practices to take place.   The coins turned their eyes blind    

Not giving change due to alleged shortage of coins tantamount to estafa

Every minute a sucker is born (PT Barnaum). Let us not be one

I bought a cold coffee in one of the low priced convenience store in the mountains.  I was to given a change of P0.25.  And I was waiting.   

Their other branches habitually do not give change.   We remember before we protested vs stores giving candies as change.    And in Davao City, it was considered a crime if you do not give exact change.  

Giving exact change

This post demanded the P0.25.   There was a study that if done daily and on a year, either the cashier or the establishment hauls in a large sum if they miss giving change.  This is prevalent in new retail stores being put up en masse

Can we call out this multilateral institution funded convenience store for the non giving of change to customers.??  Can they train their staff on integrity.   I discovered in 4 decades in business that all people try to do their own MO to defraud customers.    Despite being Christians.

P1.5trillion real estate company of richest Filipino? True?

Every minute a sucker is born (PT Barnum). Let us not be one

This announcement of P1.5 trillion real estate company of a politician businessman, arising out of land revaluation is suspect and has been questioned by many.  Not because they are jealous of the owner gentlemen, because they are jealous  but because that is incredible and lacks many compliance with relevant laws.

For the rich this is magic, but for many they could be scammed.  It can be a market manipulation.   

A high level scam?  Can the law protect the investors?   Or not possible because the son and daughter are in Legislature?

Scams of 21th Century

Every minute a sucker is born (PT Barnaum). Let us not be one Some of the scammers 

Some of them

1.  Enron

2.  Ponzi

3.  Bernie Maddoff  

4  Worldcom  -  expness as investment  $11B

5.  Subprime mortgages  packaged as securities -  nearly brought down the entire 

6  Alan Stanford  $7B

7.  Wells Fargo fake accounts

8.  Martin Shrikle -  the $700 pill -  Daraprim  (costing only $1 to manufacture)

9.  ImDB in Malaysia -  robbing the Malaysia sovereign fund

10.  Theranos -Elizabeth Holmes - blood testing fraud, compared to Steve Jobs

11, Wire card -  $2.1B were missing and claimed they are in PHL banks, but was denied by PHL banks

      EY is the auditor, and missed

12.  Archegos eventually caused the downfall of Credit Suisse;   it caused losses in major IB

13.  FTX   Sam Bankman- Fried

Regulators cant control scams.  Just beware.