Manila – After four years of hard work, Raul (not his real name) a construction worker in Saudi Arabia came back home last December and now regretting what he has done.

Raul said, “Naingganyo kasi ako sa nakita ko sa Facebook, ginto kasi, mahilig kasi ako dyan, inaral ko naman pero nakakalungkot dahil di pala nakaregister dito. Wala na tuloy pang down ko sa bahay at pati asawa ko iniwan ako kasama pa anak ko.”

“I saw it on Facebook, it’s about gold and I’m very much fond of it, I merely did some research but it is not legally registered here in the Philippines. Down payment for the house was gone and my wife left also together with my son.”

Raul invested 182,500 Pesos or 5 solo shares for different names at EMGOLDEX because he wants to multiply his money. He will receive a return of 900,000.

But now, there is no assurance that he can get his money back. He wants to file a lawsuit but he doesn’t know how and who to pursue.

According to the Securities and Exchange Commission (SEC), EMGOLDEX is not registered and is not allowed to transact, operate and do business in the Philippines. Other countries like USA, Canada and UAE already banned EMGOLDEX because of its pyramid type scheme marketing plan. It will be a failure to anyone to engage with this kind of business, it’s absolutely not legitimate and not stable, sooner or later this pyramiding scheme will collapse because they have no product.

Be careful and think twice, plan and study first before you engage in a business you want to start.

Raul added “Kaya ko pa naman mag move-on pero kakahinayang talaga, may pera pa naman akong tira sa bangko kaso pang chicks na lang. Baka sakaling mabawasan ang nadarama ko.”

“I can move on but I really felt so sad. Well, I still have enough money in the bank to find somebody to love. Maybe it will ease the pain that I feel.”

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