Despite the constant warnings, some Filipinos can’t seem to resist the idea of earning sky-high returns with only minimal effort on their part. This is the reason why every after few years, madami pa rin ang naloloko sa investment scams katulad ng nangyari last year sa Pagadian City.
Did you know that aside from investment scams, there are others that try to victimize our fellow Filipinos daily? Here are some of them according to the Department of Trade and Industry:
1. Marketing Scam
This kind of scam usually operates in malls. A professional looking person will approach you and offer a scratch coupon for a chance to win a prize. Dahil wala naman mawawala, you scratched the card and it says you won the GRAND PRIZE!
In order to claim the prize, you will be asked to purchase one of their items. And since it’s for a limited time only, you will be persuaded to purchase an item you don’t need in order to claim a grand prize that doesn’t exist.
2. Text Scam
Have you ever received this kind of text?
“Congratulations! Your cellphone number won P700,000 at the Philippine Charity Foundation’s third anniversary raffle draw last November 5, 2007. For more info, send your name and address. Call right now. Per DTI Permit No. 1234. Thanks.”
The moment you contact them, they will ask for the bank account number where they will deposit your cash prize. If you hesitate, they will assure you that without your PIN number or signature, your bank account is safe. Sayang nga naman kung sakaling nanalo ka nga talaga, kaya binigay mo yung bank account number mo. Magugulat ka nalang isang araw pag-withdraw mo sa banko, wala na ang savings mo.
There are other similar scams like Fraud Bank Email and Fake Lottery or Sweepstakes. They come in different name and form, but they all have the same goal in mind: TO TAKE MONEY FROM YOU.
In order to prevent this from happening, here are some signs of scams that you should be aware of and protect yourself from.
When you encounter any of these or anything similar, UMIWAS KA NA. Wag ka nang manghinayang sa maari mong mapanaluan, kung kapalit naman nito ay iyong perang pinaghirapan.
Like we always remind everyone, protect your money because others are planning to take it from you!
Protect yourself from investment scams! Watch our episode about it here. You can also read: How to Avoid Investment Scams