Anti-investment scams training conducted

The Department of Trade and Industry (DTI), in partnership with the United States Federal Trade Commission (US FTC) and the United States Securities and Exchange Commission (US SEC), conducted a three-day capability building training for local enforcement agencies responsible for addressing issues related to pyramiding and investment scams last 25-27 May 2016 at the Pan Pacific Hotel Manila.

The training aims to capacitate local enforcement authorities to be able to identify unlawful pyramiding and investment schemes to better protect the consumers, especially those belonging to the lower-income bracket who are most vulnerable to “get rich quick” offers. A prosecutorial training is also set on the third day to sharpen the skills of investigators and government lawyers who handle cases related to fraud schemes.

The US FTC and US SEC designed the training based on the current legal and enforcement setup of the Philippines to make the topics more responsive to the needs of the country in terms of addressing fraudulent marketing schemes.

The training modules include Fundamentals of Pyramiding and Investment Schemes, Overview of Marketing Scams in the Philippines, US and Philippine Pyramid Scheme Models, and Consumer Advocacy Programs on Pyramiding and Investment Scams, among others.
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