How to spot investment, money-lending scams

LAPU-LAPU CITY, Cebu — Investment and money-lending scams are getting harder to spot and easier to fall for, prompting the Securities and Exchange Commission (SEC) to warn the public to stay sharp and verify every offer before investing. In a discussion with the media on Wednesday, November 26, Atty. Sambrina Vel Nazario, SEC Cebu Extension Office Securities Counsel I, shared tips to avoid becoming victims of such schemes. READ: Operators of Cebu City ‘scam hub’ charged ‘Don’t fall for red flags’ Nazario said investors should use the Howey Test to identify suspicious offers that appear unusually easy. “It’s too good […]...

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