Yes, this is currently one of the most prominent news stories in the Philippines. This couple managed to amass hundreds of millions of pesos through their scam. They presented the casino junket as a legitimate operation, which, I believe, isn't in question. However, their activities, where they used the casino junket to attract investors despite not fully operating in the same way, raise a lot of red flags.
Here's the catch: when they offered a 5% monthly return, investors didn't seem to mind much about the inner workings of the business once they had invested. All they were concerned about was receiving that 5% interest income on a monthly basis. It's only when that income didn't materialize that they took action and filed a case against the individuals who had attracted them to invest. The big question now is whether the money can be recovered.
This is why one has to be more careful when clicking links online, especially when the links has all this enticing offers, remember not all that glitter is gold. You might think oh yeah this is it, but you failed to put into consideration that money can’t be made easy. You have to go through risk and work to get to the reward. There are lot of Ponzi scheme companies hiding behind the name of betting or casino. We fall to this trap when we fail do our own research. Ignorance is a disease and can cause a lot of damage. There is always a red flag when you see a Ponzi scheme, but we turn on blind eyes cause of the fake promises promised by the said Ponzi system.
We have seen in some case where investors losses their money and the company gone to extinction, it on rare cases the money can be recovered and this can be done with the help of the higher authorities. Depends on how much was stolen. And even when the funds are recovered, I doubt if you will get the exact amount you paid in the initial, you will rather get a compensation claim. A lot of people have fall victim to this type of scam if you ask they hardly get their money back. In other not to be an example to this scandal, we ought to do our own research before making any moves of investing. Like wise they are lots of opportunities online they are also some that will break us if not properly followed.
Clicking links online? It's like going through a minefield. You never know when you might walk on something explosive. Those tempting offers? They're everywhere! You said it best: not all glitters is gold. Genuine money is hard to get. No, no. It needs hard work and lots of risk
Ponzi schemes? They're the absolute worst. They hide behind betting and casinos. enormous, enormous trap. The red flags? Though they're waving in our face, we disregard them. Why? Due to bogus promises. Sad, truly sad
And when things go wrong? The cash is gone. Recovery? Extremely rare. Whatever you get back is never the same. Just a little compensation. Research, research, and more. That's the true key. Many internet opportunities exist, but also many pitfalls. Smart, really smart. Do your homework always