Pala-isip

The Securities and Exchange Commission just came out with a memo saying that it did not issue a secondary license to One Lightning and its affiliates to publicly offer or sell securities or solicit investments from the public. One Lightning Corporation has been very active in promoting its business with several members showing how much money they got back on their investment. As with any Multi-Level Marketing company, the first thing to look into if it is legitimate is the business model and how they make money and how you are paid. If you are paid from recruiting people into the business, it's a pyramid scheme. Here's the business presentation of One Lightning Corporation. Their whole premise is that the reason they can give a big payout is because they share 70% of the profit of the company to distributors. Here is a presentation by the President of the company Kenji Ito. Here's a video presentation that explains why they think it's a scam. Is One Ligh...

Senator Bong Revilla's privilege speech where he basically thanked his supporters and friends by making a music video. If you don't feel like watching the whole video, here's the part with the music video.

Senator Miriam Defensor Santiago talks about the silence of the Senators and Congressmen on the Pork Barrel Scam.

Got this from an e-mail. ====================== This is kinda scary if only because of how simple it is. I'll bet this works all too often. You arrive at your hotel and check in at the front desk. When checking in, you give the front desk your credit card (for all the charges for your room). You get to your room and settle in. Someone calls the front desk and asked for (example) Room 620 (which happens to be your room). Your phone rings in your room. You answer and the person on the other end says the following, 'This is the front desk. When checking in, we came cross a problem with your charge card information. Please re-read me your credit card number and verify the last 3 digits numbers at the reverse side of your charge card.' Not thinking anything you might give this person your information, since the call seems to come from the front desk. But actually, it is a scam of someone calling from outside the hotel/front desk. They ask for a random room number. Th...

I got this from an e-mail and I don't know if this is true, but it doesn't hurt to be careful. ================== Ladies...please take care! New theft technique. Just received this latest theft technique used by robbers. It seems feasible so take heed. Warning to all the ladies out there; and men please inform your significant other. (And, hey, it could happen to the guys!) The Latest Scam: Robbing Females using the restroom/ladies bathroom at a Shopping Mall... The way the scam works, a man slips into a women's rest room and sneaks into a unit. He waits until there is only one woman in the restroom in a neighboring unit/stall. The criminal then stands on the toilet seat and points a hand gun into the next unit/stall, demanding the woman's valuables. After getting her cash and jewellery, he demands that she removes all of her clothing and kicks them out of the unit/stall. The thief tosses the clothing into a shopping bag, hangs an 'out of order sign...

I had previously put out a list of corruptions that has happened in the Philippines. With the ZTE scam, here's the updated list. 2007 - US$130 million or P5.288 Billion (P40.47 : $1) - ZTE Scam kick back of Benjamin Abalos 2006 - P5 Billion - Dep-Ed Feeding Program (still under investigation as of this writing) 2004 - P1.3 Billion - Poll Automation Deal 2004 - P38 Billion (US$683 Million) - Recovered Marcos Wealth 2004 - P303 Million - Major General Carlos F. Garcia 2003 - P1.1 Billion - Diosdado Macapagal Blvd 2.3Km of road 2003 - P16 Billion - RSBS (Retirement and Separation Benefits System) 2001 - P130 Million - DPWH Vehicle Repair Scam 1998(?) - P5.3 Billion - Tax Credit Scam 1998 - P167 Billion (US$4 Billion $1=P41.97) - IPP Contracts 1995 - P3 Billion - PEA (Public Estates Authority) - Amari Scam 1991 - P10 Billion - Fort Bonifacio Land Scam

Here's a website I saw after doing some research on Francswiss. The company is called Swiss Cash, the website is http://frankyswiss.50webs.com/serene/index.html I don't know if this website or company is legit, it looks like it's based in Singapore. But it looks fishy to me. Now first if all, to be fair, this website is probably the website of the recruiter because there is a referral ID. But here is why I think it's fishy. First, clicking on the link below the lady's picture should take you to http://www.swisscash.biz/ where you can put in the referral ID. But the link doesn't work. Second, if you click the payout plan , it goes to a link that shows you how the financial adviser makes money. It looks a lot like a pyramid/multi-level networking business. That's fine, there's a lot of legitimate multi-level marketing business like Usana , Nu Skin , etc. But that is not that gives me a warning sign. If you look at the page, the top most page tells you ho...

Another scam has been unveiled in the Philippines. This time it's trading "futures derivatives". The company is called FrancSwiss (wow...what a unique name, they just reversed Swiss Francs) and were offering people with a 12% annual return. Their minimum is $40,000 to invest, but if you don't have the $40,000, they encourage you to partner with someone to come up with the minimum. It was estimated that investors lose between $120 to $250 million in investments. A friend was telling me about this where he knows someone who told him to invest in this company just last week. When my friend told me that they were offering 4.5% per day return, I told him that was a scam. Good thing he listened to me and didn't invest any money. Yesterday, the news came out of the Inquirer saying the money in the bank accounts were all gone. Taken by the owner and most probably have left the Philippines. Seriously, haven't they heard of Multi-Tel? Tibayan? G. Cosmos? If these ponz...