Philippine singer urges EmGoldex scammers to stop
Despite the Philippine SEC issuing an investment warning against the scheme earlier this year, promotion of EmGoldex in the Philippines appears alive and well.
The latest marketing efforts of local investors has seen them use the name and image of singer Aiza Seguerra.
This hasn’t gone unnoticed, with the singer now issuing a public demand that EmGoldex scammers refrain from using his name to perpetuate the scam.
Citing examples of investors claiming Segeurra was a “proud EmGoldex client”, the singer took to Instagram on June 8th with the following message:
DO NOT USE ME TO GET PEOPLE TO JOIN YOUR GROUP BECAUSE I AM NOT ENDORSING YOUR GROUP.
DO NOT USE FALSE ADVERTISING TO ENTICE PEOPLE TO JOIN YOU.
I AM WARNING YOU, DO NOT USE MY NAME.
Whether or not Seguerra takes any further action against local investors using his name remains to be seen.
That he is upset EmGoldex investors are using his name to market the scheme though is understandable, what with EmGoldex being a €540 EUR a pop Ponzi scheme.
Meanwhile those who continue to promote EmGoldex in the Philippines face a $110,000 fine and up to 21 years imprisonment.
As part of their coverage on the Seguerra story, ABS CBN News attempted to reach out to EmGoldex for comment;
ABS-CBN News called Emgoldex’s alleged administrative office in the Seychelles to get its side but no one wanted to talk.
How not surprising.