The Daily Tribune
Probe online loan predators, authorities urged
A victim of the alleged 'TEMU Investment Scam' is calling on the National Bureau of Investigation (NBI), the PNP-Anti Cybercrime Group, the National Privacy Commission (NPC), and lawmakers to probe the scheme that has defrauded numerous citizens.
The victim, who lost P260,000, was enticed by promises of doubling her investment through a Telegram-based operation.
Initially, the victim received the promised returns on smaller investments, which encouraged her to invest more.
She was advised by a 'manager' to take out loans from online lending apps to increase her investment capital.
The scam involved tasks like liking and reviewing TEMU posts, with earnings that were then reinvested to double or triple.
The victim was further lured to invest more by the prospect of a 'money back guarantee' on larger sums, including funds borrowed from online lending apps.
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