This is irresponsible, misleading, and in my opinion, unethical advertising.
But I must admit, it is entertaining. "Christine's" story is chock-full of lols.
Showing posts with label Scams. Show all posts
Showing posts with label Scams. Show all posts
Saturday, July 13, 2013
The Solution to Being a Shopaholic
This is irresponsible, misleading, and in my opinion, unethical advertising.
But I must admit, it is entertaining. "Christine's" story is chock-full of lols.
Tuesday, January 29, 2013
Manuel Amalilio, Aman Futures Group Updates
IN THE NEWS from Interaksyon
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| Photo of Manuel Amalilio taken at Kota Kinabalu airport on January 25, 2013, taken while he was in the custody of Philippine officials. From Interaksyon |
Ten weeks ago, we were greeted by bad news that some of our kababayans down south fell victim to an investment scam allegedly perpetrated by a Mr. Manuel Amalilio and his Aman Futures Group investment company. In this follow-up post, we'll take a look at recent developments about the case.
According to the latest reports, Amalilio is now confined in a hospital in Malaysia where he also faces criminal charges. This comes after news that NBI agents were able to arrest Amalilio in Malaysia and were about to bring him to the Philippines, only to be prevented from boarding a plane at the last minute by Malaysian police. One very interesting detail is that evidently, a group of Amalilio's investor-victims were able to track and confront him in Kota Kinabalu, which led to his arrest by NBI agents.
Overall, I find these updates to be highly encouraging that the victims of the scam will at least get justice, if not part of their investment. Let's all remain vigilant and hope that authorities will not screw this up.
According to the latest reports, Amalilio is now confined in a hospital in Malaysia where he also faces criminal charges. This comes after news that NBI agents were able to arrest Amalilio in Malaysia and were about to bring him to the Philippines, only to be prevented from boarding a plane at the last minute by Malaysian police. One very interesting detail is that evidently, a group of Amalilio's investor-victims were able to track and confront him in Kota Kinabalu, which led to his arrest by NBI agents.
Overall, I find these updates to be highly encouraging that the victims of the scam will at least get justice, if not part of their investment. Let's all remain vigilant and hope that authorities will not screw this up.
Thursday, November 15, 2012
Manuel Amalilio, Aman Futures Group, and the Great Pyramiding Heist of 2012
IN THE NEWS
If it seems too good to be true, then it must be.
This lesson was painfully and expensively realized by 15,000 Filipinos who unwittingly participated in a "pyramiding" investmentscheme scam perpetrated by this guy:
Take a long, hard look at the face of Mr. Manuel Amalilio, Filipino Malaysian and CEO of Aman Futures Group Phils. Inc. According to reports, Amalilio is now out of the country, presumably with the 12 billion pesos that he allegedly bilked from his investors.
Online and traditional media are now rife with stories of how Aman's victims are now coping with the loss of a not-inconsiderable sum of money, in many instances from life savings, in some from high-interest loans from middling financial institutions. Reading these accounts and seeing the reports can be more than a little depressing. Situations like this are always very unfortunate, but much more so when many of the victims are the not-so-well-off.
While it's clear that blame and the plea for justice should be laid on the feet of Mr. Amalilio and his still unknown (or maybe just still unproven?) cohorts, we should all remember that we are not completely powerless to avoid falling into such a trap. Awareness, knowledge, and understanding of matters of money and finance--causes that are central to this blog--are key in weeding out scams like this from decisions and alternatives that truly provide additional value to people's lives.
And I think it's best if we make the most out of this atrocious situation and learn from the misfortune of others, however callous that may seem.
If it seems too good to be true, then it must be.
This lesson was painfully and expensively realized by 15,000 Filipinos who unwittingly participated in a "pyramiding" investment
Take a long, hard look at the face of Mr. Manuel Amalilio, Filipino Malaysian and CEO of Aman Futures Group Phils. Inc. According to reports, Amalilio is now out of the country, presumably with the 12 billion pesos that he allegedly bilked from his investors.
Online and traditional media are now rife with stories of how Aman's victims are now coping with the loss of a not-inconsiderable sum of money, in many instances from life savings, in some from high-interest loans from middling financial institutions. Reading these accounts and seeing the reports can be more than a little depressing. Situations like this are always very unfortunate, but much more so when many of the victims are the not-so-well-off.
While it's clear that blame and the plea for justice should be laid on the feet of Mr. Amalilio and his still unknown (or maybe just still unproven?) cohorts, we should all remember that we are not completely powerless to avoid falling into such a trap. Awareness, knowledge, and understanding of matters of money and finance--causes that are central to this blog--are key in weeding out scams like this from decisions and alternatives that truly provide additional value to people's lives.
And I think it's best if we make the most out of this atrocious situation and learn from the misfortune of others, however callous that may seem.
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