(Editor's note: This article was written by MoneyMax, the Philippines’ foremost online platform for comparing financial and telecom products and services, for ABS-CBNnews.com. Find out more at MoneyMax.ph)
MANILA, Philippines - Have you ever heard of the Aman Futures scam?
News of this scam surfaced in 2012, where people were lured into investing their hard-earned income in the hopes of doubling it or more in the short term.
It is largely considered the biggest investment scam that the country has ever seen, robbing all manner of investors – from politicians to market vendors – of approximately P12 billion in total. Being promised a ROI (return on investment) of up to 80 percent within a week seems like a dream come true – like the entire thing was too good to be true, and it was.
But how exactly do you detect an investment scam when it’s so easy to think about everything that could be solved just by placing your money – and your trust – in what appears to be a well-meaning investment organization?
Here’s a few things that can help you detect if you’re being lured into an investment scam.
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