DTI warns OFWs vs franchising scam

ABS-CBN News

Posted at Apr 15 2010 11:03 PM | Updated as of Apr 16 2010 07:03 AM

MANILA, Philippines – Filipino migrant workers and their families were again warned against bogus franchisors duping them of their hard-earned money.

The Department of Trade and Industry (DTI) asked the foreign affairs department to issue an advisory to all Philippine posts to warn OFWs against rampant franchising scams.

The DTI specifically identified Fran.con Franchise Marketing and Consultancy, Inc., Hamoraon Business Specialist Inc., and Michelle Ann Pacubas-Chan (single proprietor) as bogus franchisors.

The trade department advises OFWs to contact the DTI Direct Hotline 751-3330 or the Franchising Associations and other relevant government agencies for verification of legitimate franchisors.

The DTI said it receives numerous complaints from victims of franchising scams, especially from OFWs.

Last March 23, the government agency held a dialogue with the Department of Labor and Employment, the Securities and Exchange Commission, the Overseas Workers Welfare Administration, the Philippine Overseas Employment Agency, Franchising Associations, and a number of complainants to assist and resolve the concerns of OFWs who would like to venture into the franchising business.

One of the measures agreed to address the issue is to conduct an intensive information campaign to alert and warn the public, especially OFWs, against bogus or fake franchisors.