The Department of Foreign Affairs (DFA) and the Department of Trade and Industry (DTI) have issued a warning to Overseas Filipino Workers against franchising scams. According to the public advisory:

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An “evolving” email scam is targeting prospective overseas Filipino workers heading for Berlin in Germany, the Department of Foreign Affairs said on Wednesday. The DFA said the scam appeared to be a variation of the one involving Markel Power International, which was uncovered earlier this month.

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We often hear parents tell their kids “Don’t talk to strangers”. An update for this generation is “Don’t text to strangers” especially if the stranger is texting to ask for money! I received many comments from visitors reporting of text messages designed to fool victims into losing their money. The victims receive text messages announcing [...]

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A story on PinoyMoneyTalk described how once again some Filipinos have been fooled into investing in what turned out to be a scam: Royal Manchester Five. It’s a very similar story that we’ve heard before. See the Francswiss story on eOFW. Promises of extremely high returns (4-5% per month) attracted people to invest from P200,000 [...]

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I first wrote about a phishing attempt in Jan 2007. It was targetted at BPI Expressonline users. Here are a few excerpts from that article followed by tips from BDO on how to protect yourself from Phishing. What is Phishing?

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In this story, I share how I encountered the Swissfranc Internet Scam 4 weeks before the story broke out, how I analyzed the investment and how we acted based on the information we had. On June 5, an officemate and good friend of mine asked for my thoughts regarding a US dollar investment that was [...]

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