MANILA, PIA – The Department of Foreign Affairs (DFA) warns the public of a possible pyramiding scam targeting Filipinos in Kuwait and is reportedly operated by unscrupulous individuals both in the Philippines and Kuwait.
After it received reports that an alleged pyramiding investment scam is currently proliferating in Kuwait, the Philippine Embassy in Kuwait has 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.
DFA strongly urged the public to exercise caution prior to investing their money in businesses offered by any individuals or entities with questionable identities, and undertake prior verification with concerned Philippine government agencies regarding the registration and the legality of transactions of these entities. (DFA)