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Business group raises warning vs. online scams

The Davao City Chamber of Commerce and Industry Inc. (DCCCII) has warned the public against investing in illegal online platforms especially many are taking advantage of the pandemic by rolling out supposed schemes that are just scams.

“We have detected some online scams allegedly from banks and insurance companies as reported by some of our members, asking people to declare their bank account numbers and contact details or clicking on links that seem innocent. We would like to advise the public to be careful as these may enter your online bank accounts,” DCCCII said through a press release.

John Carlo Tria, DCCCII president, said he hopes that the government can run after these entities that “are preying or taking advantage of our people.”

In a previous report, the Securities and Exchange Commission (SEC) warned the public of some illegal entities that would try to coax the public in investing in their products even when they did not legal personalities in doing so.

“These illegal entities and their agents or brokers are attempting to capitalize on the current climate surrounding the virus outbreak as this provides them an opportunity to prey on people when they are most susceptible,” said SEC Davao Extension Office officer in charge Katrina Jamilla Ponco-Estares in a previous statement.

The agency also warned the public about the circulating text scam using the name of President Rodrigo Duterte and telling the recipient that they won in an electronic raffle.

Both SEC and Bangko Sentral ng Pilipinas have confirmed that the alleged electronic raffle is illegal and must not be patronized.

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