Family Future Marketing Investment Scam Victims File Complaint, Lose P40 Million (Video)
A new investment company named Family Future Marketing (FFM) based in Nueva Viscaya is under fire, after its investors filed a formal complaint against its president. Hundreds of investors have reportedly invested P10,000 to P1 million, amounting to a total of at least P40 million. Below is the news report video via ABS-CBN.
According to a certain Michelle (not her real name), she invested P140,000 to FFM and was attracted to join because of the promise of the investment company that her money will be doubled in just two weeks. But after a month has passed, she did not receive her payout and she realized that the office of FFM in Solano town is already closed.
“Many of the investors were from Ifugao. They trusted the company,” National Bureau of Investigation (NBI)-Nueva Vizcaya Special Investigator August Bataclao told ABS-CBN. The investors have already filed a syndicated estafa case against FFM general manager Laribel Attaban, and her staff, Roxan Paragua and Sharon Cumahling.
Last month, Inquirer reported that the operations of Family Futures Marketing expanded has expanded from January to May this year, with offices being established in La Trinidad in Benguet, in Diffun town in Quirino, and in Lagawe town in Ifugao. Among the victims are residents of Kasibu town who sold their lands to OceanaGold Philippines Inc.
In related news, the NBI is also investigating two other possible investment scams. Intensity 10 Cash has its headquarters in a cockpit arena in Bayombong, but it is now closed after operating for only 4 days. One of its scam victims is a court official, Bataclao said. On the other hand, Mega Power Trending has an office in Nueva Viscaya, but is also closed.