Who wouldn’t love free stuff? And who wouldn’t want to learn something new? I had attended a few “free” financial literacy seminars – which, in my opinion, are promotional seminars, not financial literacy – in the past before I learned real, true financial literacy or financial education from legit teachers, experts, financial advisors, institutions, and groups. > I hate to admit it but we Filipinos are suckers for freebies. But when they attend, they will be introduced to different real estate terminology which is something they never heard before,” Wycoco told ANC’s On The Money. Filipinos have this mentality that they always want free stuff so they attend, knowing they will learn something new.
These people are encouraged to attend because it’s free. Everyone, regardless of nationality or ethnicity, is a potential victim – or milking cow. Some unscrupulous groups even invite foreigners. > Such groups also operate in the Philippines and in other countries with a sizable population of OFWs. In my direct and indirect experience, family and friends of OFWs are the worst scammers.įloi Wycoco, founder of The Global Filipino Investors, said there are some unscrupulous groups who are inviting OFWs to attend free financial literacy seminars in Singapore. The scammers are certain religious groups, multi-level networking companies, and family and friends. > Financial scams victimizing OFWs are no new in the Philippines. MANILA, Philippines – There’s a new wave of financial scams victimizing overseas Filipino workers (OFWs) and it’s riding the popularity of financial literacy seminars. Please read: Why some free ‘financial literacy’ seminars may be scams
The article is in blue text and my comments and observations below are in black text. I posted this article here for your benefit (because it concerns your hard-earned money and sanity). I was browsing the ABS-CBN News website when I came across this article, which was posted on Jand updated on Oct. The favorite pastime of Filipinos (if it isn’t basketball, gossiping, social media, religion, littering, adoring unworthy politicians, sex, or going to malls) is engaging in financial scams. Too bad we can’t export political dynasties and their family members as slave laborers or sell them to organ traffickers.) Only stupid Filipinos would be proud of the kind of politicians this country has. (Too bad we Filipinos keep electing the wrong politicians. Only a few people know – and do seem to care – that we are a nation flowing with political dynasties and financial scams. Many people know the Philippines is a country abundant with natural resources and wonderful, postcard-worthy attractions. Avoid financial scam, stay away from scammers