While some OFWs in Taiwan are desperate to get their money back from the HYIP Company Global Intergold (formerly Emgoldex), reports circulating recently that an alleged member of Emgoldex has scammed P150M from Igorot investors in Cordillera Region.
In his Facbook post, user Jesrael Nginhayan said that a certain Maria Ellena Villa Estrada approached some Igorots with money and lured them to invest into the program called Emgoldex.
TULUNGAN NYO PO KAMING MAHANAP ANG BABAENG ITO DAHIL SA SOBRA SOBRANG PANLOLOKONG NAGAWA NYA. TANGAY TANGAY NYA ANG…
Posted by Jesrael Nginhayan on Tuesday, June 9, 2015
He further noted that the victims were able to collect payouts at first, but later only the team collapsed and the culprit disappeared with millions of pesos.
Meanwhile in Taiwan, The Philippine Pride was able to meet a group of Overseas Filipino Workers who are seeking solutions to their problems with regards to the said investment scheme.
“Elaine” told TPP that their team had collapsed because most Pinoys in their company (factory) were already members and there is no other “possible” investor than can be recruited. She said that their money had been stuck for more than four months and there is no way to get it back.
Related: Emgoldex aka Global InterGold Not Listed in German Registry of Companies, Forged Dubai Permits
TPP has learned that the 14-day money back guarantee offered by the pyramid company is not legal because the investor is not holding anything after he gave away his money – and then loses everything after fourteen days if he cannot make a single recruit, or if he wants to quit.
A social media conversation by one of the groups is posted below. Click image for larger view (opens new window).
The Philippine government has already warned people from investing such illegal pyramid schemes but greed among Filipinos still prevail.
Emgoldex changes its name to Global Intergold a month ago in order to separate itself from the former name that had been plagued by bad publicity.
“Elaine” told TPP that there are more people in Taiwan who loses money than those who actually earned, but because they don’t want their families in the Philippines to worry, they decided to keep silent.
Earlier last month, Dubai government has accused the company of forging its business permits, but authorities could not file charges because the company ran away and moved to Germany.
The exact address of the company in Germany, and the people behind it are yet to be proven. Emgoldex claims that its main office is located in Germany however, Handelsregister, a public registry of companies kept by local courts in Germany said that Emgoldex is not listed in their registry.
Filipinos who are not familiar with the company are advised to stay away, especially from its aggressive members/recruiters. SEC has already issued warnings against investing in such company, together with Goldxtreme.
/Ricky Matti/
The post Alleged Emgoldex (Global Intergold) Member Swindled Millions of Pesos in Cordillera, More Cases in Taiwan appeared first on The Philippine Pride.