Pacete: High tech ‘budol-budol’?

FIVE persons went to the police station in Silay City to complain that they were “recruited” to join a “money-making venture” of a “secret group of investors” that would let the money of the members grow faster. That was their allegation and they would want also the National Bureau of Investigation (NBI) to look into this.

This will remain as an “interesting allegation” until otherwise proven. The Philippine National Police and the NBI are now looking into it. We call it “high tech budol-budol” because the “growth of the money” after the excited participants have “enrolled” could be seen only in the internet.

The “pera padala” is through the express lane. The money is simply sent to a bank account of an unidentified person. Some claim that the “initial investment” is P25,000. The old participants who have been there for years “have gambled” a big amount reaching even more than one million pesos. This could be another allegation.

How can one become a member? The recruitment process is through “sweet whispers”… no publication, no announcement. Sometime last year, there was a gathering in a restaurant for the recruits. The alleged “spokesperson” was there telling the audience that this “business venture” is a “backdoor dealing”… no government permit, no contract, no deposit slips but one can monitor the growth of his money through the internet.

I was not there but my “moles” told me that the “spokesperson” was so convincing that some members of the audience readily announced that they are willing to “show in” their initial P25,000. Some have favorably agreed and decided to loan money from Government Service Insurance System and Social Security System.

One or two old members were requested to give their testimony. “I am a risk taker. I trust the system since then. I am now enjoying my harvest of money. I have availed of the benefit in thousands of pesos. My brand new car is a product of my share from the system. My compounded investment is now reaching almost one hundred million pesos. That could be true because that person could possibly be the bait.

That could be a funny allegation from my “moles.” It could be a scam until otherwise proven that it is not a scam. The transaction is not above board without authority from the Securities and Exchange Commission, Department of Trade and Industry, Central Bank of the Philippines, and other government agencies.

The “spokesperson” is saying that the big amount of money is coming from the government of a “First World Economy.” The intention is to help the poorest of the poor in the Philippines and it is now reaching our area. That sounds funny because the poorest of the poor do not have access to the internet. Tell that to the marines!

It’s ironic because majority of the “alleged victims” are professionals (teachers) and families with members working abroad. There was this “alleged husband” who ventured all his savings here after four years in Saudi Arabia. Some teachers have realized the “hole” they are in. They are now ashamed to talk about it.

Everything now is still under investigation. We are not naming names here for “delicadeza.” Some of the “enrollees” are my best friends. Some have learned to realize that this is “sweet swindling” and they want their investment back. The “spokesperson” could not be found (or hard to find) and the coordinators are on “long vacation” in Cebu or in Davao. Many “enrollees” are now barking at the moon.

I said that this is just an “allegation.” We cannot see the whole picture yet because the water is still murky. I know that there are “enrollees” not only here in Silay but also in other parts of the Philippines. Check on this. If you are victims, come out into the open. If this is genuine, defend this at the public plaza. Finding the truth is the first thing. What shall we do with it?

If you have millions of pesos, invest them in legitimate “systems.” You cannot afford to be a joker. Don’t allow the users to make fun of you for their own profit. You cannot afford to be a “budol-budol” victim. The moral of your experience is, “Do not trust the strangers with your hard-earned money.” Your hard-earned money does not grow on top of the tree.
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