• Pinoys in Kuwait warned of pyramiding scam

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    THE Department of Foreign Affairs (DFA) on Friday warned the public of a pyramiding scam targeting Filipinos in Kuwait.

    According to a statement from the department, the pyramiding scam is being operated by “unscrupulous individuals” both in the Philippines and in Kuwait.

    After it received reports that an alleged pyramiding investment scam is currently proliferating in Kuwai, the Philippine Embassy in Kuwait issued an advisory to the Filipino community, recommending that they first conduct the necessary research and verification on the legality of any entity before investing their hard-earned money in dubious schemes.

    “The public is strongly urged to exercise caution prior to investing their money in businesses offered by any individuals or entities with questionable identities,” the statement added.

    The Filipinos are also advised to undertake prior verification with concerned Philippine government agencies regarding the registration and the legality of transactions of the entities.

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