Experiences of Novo Ecijanos who were Scammed by Investment Companies

( Vol-8,Issue-3,March 2022 )

Author(s): Sheela Joy D. Valencia, Katrina Kristi Lynn S. Cabuang, Airezle A. Millare, Angelica C. Reyes, Marjorie M. Orlanda, Marilou P. Pascual

Total View : 404
Downloads : 174
Page No: 19-23
DOI: 10.22161/ijaems.83.3

Keywords:

Investment, employment, fraud, offer, scam.

Abstract:

This study described the experiences of the respondents who were scammed by investment companies in Nueva Ecija, Philippines. The research design was descriptive and the respondents were 50 persons chosen through the purposive sampling technique. The researchers found out that most of the respondents' age ranges from 20 to 24 years old. 70% of them were single, 74% were female, and their source of income was work/employment. They have learned about the investment company through social media and they were not aware that the company is fraud. The majority of them were recruited and the most enticing offer of the investment company is to double their income/profit or double their money in a month. They were bothered by the money they lose but most of them are having second thoughts of trying their luck again in an investment company.

Received: 11 Jan 2022; Received in revised form: 20 Feb 2022; Accepted: 03 March 2022; Available online: 14 March 2022

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