DFA warns OFWs vs pyramiding scam in Kuwait | Global News

DFA warns OFWs vs pyramiding scam in Kuwait

/ 02:16 PM March 13, 2015

dfa

Department of Foreign Affairs building. INQUIRER FILE PHOTO

MANILA, Philippines – The Department of Foreign Affairs (DFA) on Friday warned Filipinos working in Kuwait to not fall for pyramiding investment scams operated by “unscrupulous individuals both in the Philippines and Kuwait.”

The DFA said the Philippine Embassy in Kuwait has received reports that a pyramiding scam has been proliferating in the country.

Article continues after this advertisement

It issued an advisory to the Filipino community in Kuwait “recommending that they first conduct the necessary research and verification on the legality of any entity before investing their hard-earned money in dubious schemes.”

FEATURED STORIES

The agency did not specify the groups or the modus operandi of the companies involved in the alleged pyramiding scam but warned Filipinos to be cautious of investing in businesses, especially ones operated by questionable identities.

It said overseas Filipino workers (OFW) may tap Philippine government agencies to verify the registration and legality of the company in question.

Article continues after this advertisement

RELATED STORIES

Article continues after this advertisement

OFWs warned on text scams

 Protect OFWs against home development scams

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: Department of Foreign Affairs, Investment, Kuwait, OFW, Overseas Filipino workers, pyramiding scam, scam

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.