PH Embassy in India warns Filipinos vs investment scam

The Philippine Embassy in India has cautioned Filipinos against falling prey to investment opportunities that are likely scams, promising them of extremely high returns within a short period of time.

In an advisory, the Embassy stressed that such "too good to be true" schemes are illegal, unsustainable, and could rob Filipinos of their hard-earned money.

The Embassy thus reminded Filipinos to verify first the entity’s credentials, and consult authorities or recognized financial advisors to avoid being victimized.

“Do not be deceived. Be smart. Safeguard your hard-earned savings,” the embassy said.

It also urged Filiipinos to report to local authorities any suspicious schemes that they notice. —Giselle Ombay/KG, GMA Integrated News