BIZ BUZZ: Don’t get scammed
With incomes pressured by high prices and stock market investments going south, Filipinos may find themselves more inclined to chase extra high returns, leaving them vulnerable to scams.
Thus the timely warning from Ty-led Metrobank to “invest wisely, not hastily.”
Be extra careful of investment scams that often appear legitimate, promising high returns with little to no risk, it said.
In a message to its clients, Metrobank said scammers may pose as company representatives or investment agents through social media, messaging apps or phone calls, offering quick, “guaranteed” profits to earn trust. They will sound convincing and may even ask you to invite others to invest.
But once they get your money, they will disappear.
So don’t be a victim. If the offer sounds too good to be true, save yourself from financial disaster and turn it down quick.
