Not Getting Scammed in the Philippines — Update 1
Here’s a little news item I my dear wife pointed out to me this afternoon:
The biggest law firm in the country allegedly fell victim to a multi-million-peso scam.
Sources in other law firms told abs-cbnNEWS.com/Newsbreak that Sycip Salazar Hernandez Gatmaitan, one of the leading local law firms, was duped by a foreign client into advancing P50 million for a deal that would supposedly bring around P100 million to the firm’s earnings.
The law firm was reportedly promised five percent of its client’s $50 million-claim. However, in order to get their cut, the firm was first asked to advance P50 million…. read the full Philippine scam report article here
Once again, it would seem that an expereinced, educated attorney in a high-level management position fell victim to exactly what I wrote about recently regarding the key to virtually all scams, Philippine or elsewhere … getting money that really wasn’t his .. or his firm’s.
photo credit: woodleywonderworks
Just advance us x amount of money and you too will benefit from money which was never yours in the first place.
The article goes on to outline a number of famous scams from recent Philippine history. Note the common theme … advance us some money and you’ll get more than you know is yours … a special deal for you to get ahead … insider information only. In plice terminology this is know as the advance-fee fraud scheme
Once agin I’ll maintain what I’ve often said, and what many notorous ‘confince men’ have said in the past … you can’t scam an honest man. If it is too good to be true … it is likely that it is.
