Team formed vs pyramiding

DAVAO City Vice Mayor Paolo Duterte said they formed the Anti-Bulatik team to address the proliferation of multilevel marketing companies in the city and the internet that are into pyramiding.

Duterte in a media interview Monday, July 4, at the City Mayor’s Office said that the Anti-Bulatik team composed of Philippine National Police retirees is already set to monitor pyramiding scams all over the city.

This year three multi-level marketing companies, Jacama, Pedro-Velasco (Pedve) marketing firm, and Shoppers Center were closed due to their alleged involvement in soliciting illegal investments from the public.

Duterte said that the team is created under the city mayor’s office.
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