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PCG asked to mediate in P1-M ‘double-your-money scam'

19 September 2020

By Daisy CL Mandap

 

The Facebook cover photo for the group behind the 'double your money' scam

The Consulate has been asked to settle a case involving an estimated Php1million allegedly fleeced by a Filipina domestic helper from people based mainly in Hong Kong, who were lured by her promise of doubling or even tripling their money in a few days.

At least 22 complainants with claims totaling more than Php600,000 have sought the help of the Consulate through The SUN, in getting their money back from Ailyn C., who reportedly told them she  was into investments and had a string of profitable businesses back in the Philippines.

According to their leader, the money involved should be no less than Php1million, as there were around 60 of them who had been lured into A.C.’s investment scam, which had been set up like a pyramiding network.

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Apparently sensing she was in big trouble, and professing to be a victim herself, A.C. also reached out to The SUN, and promised to return all the money being claimed from her salary as a domestic helper.

A.C. said she had been disowned by her family who were all exposed on social media from the bashings made by her investors, and she needed to work in peace so she could pay them all back.

But she insisted it was a scheme gone awry because her investors did not wait for the right time to claim their earnings. 

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Originally, it was supposed to be an “Invest, Wait, Earn” (I.W.E) scheme and she said she was still trying to set up a “source” for the payback, but the investors demanded she paid them back fast, so it collapsed. 

She and the complainants are set to meet at the Consulate this Sunday, Sept 20, so they could work out a repayment deal.

One of the Facebook posts set up to lure more 'investors' into the scam

According to most complainants, they were promised a 100% return on their “investments” after 10-14 days, while a Filipino working in the United Arab Emirates said he was told he could triple his money in 15 days.

Asked why they fell for the stupendous offer, they said A.C. was very convincing in her approach, even sending them copies of her Hong Kong ID and passport as proof she was not out to con them.

The group’s leader, M.C., said the sweet-talking A.C. had told them she would help them all get rich like her. A.C. reportedly said she was in a very profitable online investment herself, and had various businesses in the Philippines, including a water refilling station, an air ticketing and remittance companies.


She also listed in her profile that her husband was a seafarer, which made her investors think she was indeed loaded.

What many chose to ignore was why A.C. still worked as a domestic helper in Hong Kong when she should have been running all her businesses in the Philippines which she claimed were all turning in a good profit.

It did not occur to them, either, to check if A.C.C. was a registered investment company, and was making such incredible profit as to give back the outlandish interest promised them.

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The biggest claim came from M.M., another UAE-based OFW who said in a handwritten statement that she had “paid in” a total of Php236,300 in ACC Investment between Jul 25 and Aug. 8 this year.

M.M. says the P236,300 listed in her claim includes money from other people 

M.M. said the money was partly her own, and partly collected from other people she had enticed to join the apparent scam.

In Hong Kong, the biggest claimant is M.C., who said she had put in a total of Php112,000 belonging to herself and her husband. A big chunk of the money was paid to ACC Investment in three installments, while Php7,000 was paid to her “team” she collected money from.

PINDUTIN PARA SA DETALYE

Online chats with M.C. revealed A.C. managed to get people to send her money through conduits known as administrators. Many of her investors were family members, friends or co-workers who were identified in the scam by aliases and the money they paid separated by batches, ploys which A.C. apparently used to distance herself from them.

M.C. herself managed to encourage a co-worker R.M., to put in Php26,000 while she herself was encouraged to join the scam by her cousin, L.P., who said A.C. was her reseller in her online business.

A.C. was reportedly a good business partner who never failed to settle her obligations promptly that L.P. did not think twice about putting in her hard-earned Php30,000 in the investment scam, despite well-meaning advice from some friends.

PINDUTIN PARA SA DETALYE

A.C. got them all hooked also because she did have “pay-outs” for some investors, though not big enough to dent the stash she had built in less than a month of peddling her get-rich-quick ploy.

She must have also been such a hypnotic seller that even after she disappeared with their money, some of her victims still believe she really has profitable businesses that could help her pay back all that she owes.

Tunghayan ang isa na namang kwentong Dream Love

But on hindsight, M.C. thinks A.C. could also have been a victim of her own greed, as she had apparently put in and lost some of the money she had collected from them in other, similar online scams.



M.C. is calling on other people who may have been tricked into dealing with ACC Investments to join them in filing a complaint with the Consulate’s assistance to nationals section.

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