Sunday, September 2, 2007

PFEC a scam?

If you've seen the movie "Boiler Room" starred Ben Afleck, Giovanni Ribisi and Vin Diesel, you would be reminded of what PFEC (Performance Foreign Exchange Company) is all about. PFEC which holds office at the Enterprise Building along Paseo de Roxas in Makati was exposed in the national TV through GMAs Mike Enriques 'Imbestigador' segment the other week. Imbestigador really did a superb job in revealing the company's illegal activities. As the segment unfolds, the company was operating an investment scheme through a foreign exchange trade. Clients were urge to invest in dollar account with the assurance of double and triple profit in just a span of weeks but only to be told of a transaction misfortune and dollar fluctuation resulting to unrecoverable loss of their investment, including the initial capital. Gosh! Days later after the historic expose, NBI raided the said office following several complaints of fallen investors. Armed with search warrants, NBI confiscated several computers and equipments to determine how the company operates. At present, the investigation is still on-going. Though I'm not sure if the company still operates or have already closed.

But guys, be cautious, incidentally I saw an adz clipping of PFEC in the local newspaper. They have an office here in Cebu at the North Reclamation area. These guys usually go for people in the upper niche, mostly retirees, balikbayans, high paid IT guys including software engineers and programmers. Should anyone who represents PFEC approaches you, be warned. You already knew...

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