If you are an Overseas Filipino Worker (OFW), you would not want to stay as an OFW forever. If you still have the means to set-up your own business, you should think of a profitable business to have that can sustain your needs in the future, once you decided to come back to the Philippines for good.
Thinking about a business to have is not very easy. You should think of the budget, the profitability, and the sustainability of the business, too.
One of the most popular business that a lot of people do is investment, particularly the lending business. However, not all lending businesses are successful, just like what happened to Jinky Mina.
The Investment Scam
According to the news released by TV Patrol, Jinky Mina and her husband lost a total of 1.9 Million Pesos in an investment scam facilitated by former her co-teacher, Noemi Clemente. They were promised to get at least 6% interest back from the money that they will invest.
They started with a small amount and the transaction went smoothly. Clemente was able to pay her debt so they decided to invest more, in the amount of more than 2 Million Pesos. But after giving an interest of 60,000 pesos, they cannot reach out to Clemente anymore.
Most of the money that they invested came from the pension of her mother-in-law.
Another person by the name of Freda also lost 2.6 Million Pesos from Clemente’s investment scam. At first, she received 150,000 pesos worth of interest rate but after that, she learned that Clemente already left the country.
The problem is, a lot of these funds were from her friends whom she asked to invest because of the promised return on investment.Another victim, one of Clemente’s closest friends named Marta, invested 800,000 pesos as well. The money came from her sister and friends who are working as OFWs in Hong Kong and Singapore.
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The court already released seven Warrant of Arrests against Noemi Clemente for different cases of Estate. The victims are now wishing to have her deported back to the Philippines to face the charges. According to them, Clemente scammed more than 30 Million Pesos.