Scamorama

WHO doesn’t like money? Even the late Chinese premier Deng Xiao Ping declared, “To be rich is glorious!” — and sparked an economic revolution in his still socialist country. But while there is no doubt hard work can get one places, it may not always put one in the same league as China’s new millionaires.

In an effort to coax a few more bucks in their bank accounts, many people thus try to make the little money they have work for them. But in a developing country like the Philippines, there are fewer investment options compared to other nations. The capital market is also less mature. No wonder then, experts say, that Filipinos are more prone to fall for investment scams.

In the latest piece for i Report‘s Mad Over Money series, PCIJ contributor Timi Nubla looks at the trend in investment con jobs in the country and what government regulators are doing so far about these. She also discusses some of the more sound investments one can make if one had some money to spare.

Read on at pcij.org.