Beware of investment scammers in Soccsksargen – police | Inquirer News

Beware of investment scammers in Soccsksargen – police

By: - Reporter / @ConsINQ
/ 08:49 PM May 22, 2019

Scam Alert Graphic

INQUIRER.net stock photo

MANILA, Philippines — The Soccskargen Police Regional Office (PRO 12) reminded the public to be vigilant about investment scams, pointing out that even police officials had fallen for them.

“Our best tool now to mitigate these fraudulent investment offers is getting information out to the public, yet again — to advise our people that they need to be very careful before making investments,” Brig. Gen. Eliseo Rasco, director of PRO 12 said in a statement issued on Wednesday.

Article continues after this advertisement

According to PRO 12, scammers continue to operate in the Soccsksargen Region, duping even high ranking police officials into shelling out billions of pesos with their “fraudulent investment schemes.”

FEATURED STORIES

Soccsksargen is an administrative region in south-central Mindanao that is composed of four provinces — South Cotabato, Cotabato, Sultan Kudarat, and Sarangani — and General Santos City.

The scams use “deceiving and alluring appeal of outsized returns or secured and guaranteed payouts, ranging from 30 percent up to 400 percent per month,” PRO 12 said.

Article continues after this advertisement

According to the statement, some police officers had also lost millions to billions in the Police Paluwagan Movement (PPM), which closed in March 2019

Article continues after this advertisement

PRO 12 issued the following tips for avoiding investment scams:

Article continues after this advertisement

1. Take time to check that the investment opportunities offered to you are legitimate before you hand over any money. Don’t be persuaded by the high-yield “guaranteed returns” that these scams promote.

2. Be suspicious of these “investment offers.” Even if someone you know or trust makes the offer, check it out first. Don’t rush to invest. Ask questions and get answers that you can verify, either with the police or with the Securities and Exchange Commission.

Article continues after this advertisement

3. If you suspect that you’re dealing with scammers or if you have already been victimized, file a complaint with PRO 12, the Criminal Investigation and Detection Group (CIDG), or the National Bureau of Investigation (NBI).

(Editor: Alexander T. Magno)

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Eliseo Rasco, PRO 12

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.