WATCH: 10 biggest scams in PH

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Through the years, billions of savings that could have gone to creation of new businesses, education, retirement, homes, and even social causes have been siphoned away by financial scams.

On The Money's resident financial adviser, Salve Duplito, who has monitored scams for almost 20 years, lists down the 10 biggest financial scams of all time in the country.

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37 Comments on “WATCH: 10 biggest scams in PH”

  1. Royal Manchester nag invest dyn ang friend ko 400k. hindi na naibalik.nag abroad na mga manloloko.

  2. Mga nag dedefend lang dito sa mga scams na to ay mga naloko na at ayaw lang mapahiya or matangap na scam napasukan nila. At ayaw ma bad-image ang scam nila kasi hindi na babalik ang pera nila if nag downhill na ang mga scam companies na to.

    1. +TheSuperk25 for your information, kapag wala kayong permit sa gobyerno natin, illegal kayo na mag-operate dito sa bansa. dahil nandito sa jurisdiction ng pilipinas dapat kumuha kayo ng permit at dapat sinunod niyo ang legality na standard ng SEC at DTI for the security of filipino investments. nai-calculate mo ba kung ilang 36,500 ang ibabayad na walang kapalit bago ka mag-exit at makakuha ng 180k? para lang kayong paluwagan. na habang dumadami lumalaki ang kita ng company tapos ang tao kapag wala ng narecruit, ty na ang investment nya. unless kung meron kayong tangeble products. ganyan ang pyramiding scams. di lang halata dahil nakasulat na parang table.

    2. +Michael Lucernas Iba po ang kinalakihan kong style ng paluwagan kumpara sa Emgoldex. Paluwagan “pwersahang ipon” pero hindi kailangang mag recruit. Maghanap lang kayo ng interesado sumali para mapagbotohan magkano contribution, kailan ang swelduhan at magkano. Ulti uli, di kailangan mag recruit kapag nagsimula na ang paluwagan. Kahit 5 lang kayo kung lahat ng 5 na yun loyal mag bayad hangang sa makasweldo yung nasa huli, matatapos ang paluwagan ng maayos.
      Emgoldex me kasamang recruitment.

    3. Are you sick? even you are international company, the moment you do business in the country you must secure permit from Security Exchange Commission. Kaya kayo na-e-scam dahil naniniwala agad kayo eh o nakakascam kayo ng mga inusente sa batas natin.

  3. Stay away for scams at lumapit kay Ms Salve for financial advice at para sya ang kumita.

  4. 4.5% returns per day, wow. If it’s too good to be true, don’t think twice, it is definitely a scam. And of course RESEARCH their names in DTI and SEC, easy

  5. There are so many dislikes on this video because of all the suckers still financially attached to those companies hahaha!

    1. Right,and some of them can’t help it to be quiet,they actually state their unconditional loyalty on their angry comments here.

  6. Lahat ng binary na investment walang magandang patutungohan yan.. kawawa panghuli dyan.. kahit sabihin pa na hndi nauubos tao xa mundo.

    1. D na kailangan kasi client aq nyan…sample lg aq nakahanap ng dalawa nilagay q sa taas q pano yong natirang 3 na kailangan kumuha ng tag dalawa pag wala sila mailagay sapalagay mu makukuha mu sinasabi na reward..

  7. Emgoldex is not a scam REPORTEDLY WRONG Lazy reporter you did not do your research well, It does not have any relations to Local Golxtreme and On lighting..You mislead the Pilipino People..While many OFWs are benefiting with the Goldex Program.
    Emgoldex is a German on line store of precious metals like GOLD.. FYI.

  8. The bad things are this company are still operational today, they have evolve into another names, they simply change there names and start and palns again a new scam. THis time they have lots of experience already in cheating people.

  9. 0:50 “It folded after a media report caused investors to withdraw their money…”

    Think of the most trusted names in banking industry, companies, and even Government owned industries. (BDO, BPI, SSS, GSIS, Etc)

    What do you think will happen if most of the investors or depositors will withdraw their investments? It will collapse.

    Now I am not saying that any of these are not really scams but what I am saying is, any financial system will fail even the legal ones when most investors withdraw their money in almost the same time period.

    So, when the business or the owners of the business have enemies, what the enemies would do is create artificial panic through the media to induce investors to withdraw. They can create fear by reporting that the business is about to go under and that investors should start taking out their money fast or else they will lose it. This report can be done even though the business is doing really well.

  10. hello thanks for your very interesting feeds btw would be so kind to check Monspace..or MSD…coz lots of ofw specially seafarers are into it ive research alot from youtube and google but more or less there’s no complete structure thus im always checking coinmarketcap as my research on the cryptocurrentcy market they are in it but a big question mark for the circulating crypto meaning looks like this is a silent scam at all coz i know crypto are getting higher coz of the demand and supply and not the owner disgrace, coz crypto is a blockchain technology thus im just curious its been 7 months already thus we dont get back our capital, thus BTC or Bitcoin or rather the smallest crypto token lets say ripple it start at less than .18cents now its .26 cents my point is why theres no circulating no of tokens in the market for msd how and the value is down …..how is it gaining money…..hope you may do some research on it….looking forward on it…Godbless!

  11. filipino people are scammers in general, they can’t even speak their own language in a business meeting full of filipinos. So how can even the poorest of farmers understand?

    1. Financial scams happen in many countries in the world. The amounts in PH are just peanuts if you compare the huge scams outside the country.

  12. Paano mo malalaman kng scam ang cnalihan mo….kc sumali aq ki boom tps now wla na kmi.update

  13. Gawa kau ng bagong list including mga pekeng onliine jobs and crypto investments.

    ALIFELONG
    PAIDCLICKERS
    COINSHRR
    ONECOIN
    PLUTUOS COIN
    MINERA
    etc madami yan…madami kaung masasalba kung gagawan nyo yan para maka iwas mga tao

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