The last-minute decision of Malaysian authorities in Sabah to stop the repatriation of Manuel Amalilio, for still undetermined reasons, is a setback for the Philippine effort to render justice to the victims of the P12-billion Aman Futures scam. But it is also a test for the Association of Southeast Asian Nations’ Treaty on Mutual Legal [...]
By Teresita J. Herbosa
One of the frequently asked questions regarding investment scams is: Why do people continue to fall for such scams, despite numerous education or financial literacy campaigns, notices, advisories, alerts and warnings from public and private organizations as well as the media?
Entice investors with the promise of extremely high returns (ranging from a low 4 percent to a high 29 percent or even higher per month).