The Aman Futures scam is only the latest in a string of investment scams that have victimized thousands of Filipinos. For instance, Multinational Telecom Investors Corp. (Multitel) duped investors of P25 billion in 2002, while the Legacy Group scam in 2008 reached P30 billion.
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Despite media coverage about these scams and efforts of regulators to educate the public, it seems Filipinos still put their trust and money in these schemes that promise sky-high returns.
Source of data: Salve Duplito, On the Money