travel insurance protection insured trip abroad security

Author Topic: Boholanos warned vs investment scams  (Read 664 times)

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 88425
  • "Better to remain silent and be thought a fool...
    • Share Post
Boholanos warned vs investment scams
« on: September 12, 2015, 09:30:52 PM »
http://boholchronicle.com.ph/
September 9, 2015



RAID. Agents of the National Bureau of Investigation (NBI) raided the offices of Klikmart Rewards along Palma St. Last week for violation of R.A. 8799 of the Securities and Exchange Commission (SEC).


The popularity now of business schemes that assure fast return of investment such as in networking and pyramiding organizations, Boholanos have to be vigilant against the proliferation of scammers taking advantage of the established track record of legitimate entities.

Joe Hibaya, chief of the Consumer Welfare and Business Regulation Division of the provincial office of theDepartment of Trade and Industry, warned the public from getting lured by lucrative offers of some groups to grow their money in just a short period of time.

Hibaya noted that networking and pyramiding systems now get impressive responses from enterprising individuals who want to grow their money in schemes that offer fast and high percentage of returns of investment.

He said the public should think twice how it would be possible for a company to offer such return of investment that fast without sacrificing other factors.

Linkback: http://tubagbohol.mikeligalig.com/index.php?topic=80958.0
...than to speak out and remove all doubt." - Abraham Lincoln


hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 88425
  • "Better to remain silent and be thought a fool...
    • Share Post
Re: Boholanos warned vs investment scams
« Reply #1 on: September 12, 2015, 09:49:23 PM »
Hibaya said DTI-Bohol is now looking into Klikmart Reward, a shopping club operating in Tagbilaran City, which a team from the National Bureau of Investigation (NBI)-7 regional office had just raided on Thursday night last week for alleged violations of Republic Act 8799 or The Securities Regulations Code.

Hibaya, however, said they could not yet determine as of now, the nature of Klikmart Reward’s organization, but DTI-Bohol will act on any complaint the might be raised.

The raid on Klikmart Reward disappointed satisfied members, most of them professionals and educated members of the Boholano community.

Members of Klikmart Reward attested that they made the right investment with the said shopping club.

According to members, Klikmart Reward only require a minimum investment of P1,500 per member which would grow to P2,000 within a month.

A member said she withdrew her time deposit from the bank and invested an amount of P30,000 which grew to P40,000 within a month.


hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 88425
  • "Better to remain silent and be thought a fool...
    • Share Post
Re: Boholanos warned vs investment scams
« Reply #2 on: September 12, 2015, 09:51:40 PM »
Another member said he had been receiving P15,000 bi-monthly from Klikmart Reward and a ranking member had reportedly bought a new car from the proceeds of his investment return from Klikmart.

This enticed others to join the shopping club.

However, NBI-7 Special Investigator Agapito Gierran said their raid was in order.

Local proprietors and officers or the management team of Klikmart Reward, for their part, assured that pay-out of members will continue.

It would be business as usual after the eight employees and members of Klikmart Reward detained after the raid managed to post bail of P40,000 each.

Geomides Hinay, who introduced himself as the spokesperson of the company, assured this.

Hinay also said they would file a “motion to quash the search warrant”, questioning the inclusion of RA 9165 [the Comprehensive Dangerous Drugs Act of 2002] as one of the laws allegedly violated as stated in the search warrant.

This is amid Gierran’s explanation that it was just a typographical error and that they only intended to implement a search warrant related to an alleged violation of RA 8799 or The Securities Regulations Code.

Hinay also added that the NBI team should have been accompanied by a team from the Securities and Exchange Commission during the raid.

Hinay also said Klikmart Reward had applied with SEC, a business on “wholesaling”.

In fact, they are supplying and selling grocery items to the members.


islander

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 44486
  • If you're from Pluto, you're welcome.
    • Share Post
Re: Boholanos warned vs investment scams
« Reply #3 on: September 13, 2015, 01:09:30 PM »

the usual s.o.p. applies here as in any other investment: invest only money you can afford to lose.
Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment


hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 88425
  • "Better to remain silent and be thought a fool...
    • Share Post
Re: Boholanos warned vs investment scams
« Reply #4 on: September 13, 2015, 01:24:41 PM »

Hmm, in this regard, kumusta na kaha ang Emgoldex? :P


islander

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 44486
  • If you're from Pluto, you're welcome.
    • Share Post
Re: Boholanos warned vs investment scams
« Reply #5 on: September 14, 2015, 02:58:47 AM »

Emgoldex claims it changed its name because it is no longer based in Dubai and has instead set up its headquarters in Geneva, Switzerland.

"Since Emgoldex is no longer with DMCC Dubai, the company changed their name as Global Intergold, an online gold store," Global Intergold stated.

-from http://www.sunstar.com.ph/davao/local-news/2015/07/14/emgoldex-renamed-418936


hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 88425
  • "Better to remain silent and be thought a fool...
    • Share Post
Re: Boholanos warned vs investment scams
« Reply #6 on: September 14, 2015, 09:23:39 AM »
Ah, it chsnged its name after changing its victims finances... :P



Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

xx
Investment Tips 2013: Citi: Urbanisation and the growing need for infrastructure investment

Started by Ligalig-Mike on Spying the Internet

0 Replies
111 Views
Last post December 11, 2012, 08:01:24 PM
by Ligalig-Mike
xx
Top 10 List of Scams of 2014

Started by islander on Tira-Pasagad | Saksak-Sinagol

8 Replies
305 Views
Last post March 10, 2014, 03:05:50 PM
by islander
xx
Aide recounts ‘pork’ scams since ’90s

Started by islander on Talk of the Town

24 Replies
1081 Views
Last post February 12, 2014, 04:01:21 PM
by islander
xx
10 Online Scams That Most Filipinos Fall For

Started by islander on Technology

11 Replies
504 Views
Last post May 19, 2014, 12:04:51 PM
by islander
xx
111 charged in Medicare scams worth $225 million

Started by hubag bohol on USA and Canada

5 Replies
539 Views
Last post February 19, 2011, 02:34:20 AM
by Lorenzo
 

SMF spam blocked by CleanTalk
ESET Antivirus and Internet Security for Mac computers and laptops - Save 25%
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2017, SimplePortal