Marcos to apply 'full force of law' vs investment scammers online

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PRESIDENT Ferdinand Marcos Jr. on Thursday assured the public that the 'full force of the law' will be imposed on those who engage in the fraudulent online investment scams in the country.

In a media interview after attending the 85th Anniversary of the Securities and Exchange Commission as Company Registrar in Makati City, the President said the government continues to monitor transactions in the digital space to protect the public against scammers and abusive online lenders.But the President reminded the public that the country's 'best defense' against online scammers are 'knowledgeable consumers' who are able to determine scam methods.

Marcos advised the public that when people get a message and there is a deal being presented and it sounds too good to be true, they should proceed with caution.'There is no such thing as 100 percent risk-free. There is no way to guarantee these enormous returns on what they are claiming, on the money that you put, that you give them,' Marcos said.

 

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