Oliver Bugarin 2 0 0 4 min to read

DTI constantly collaborates with law enforcement to combat fraud

In an effort to reduce the incidence of networking scams, the Department of Trade and Industry stated on Thursday that it is collaborating closely with law enforcement.

In order to address concerns about multi-level marketing frauds, particularly pyramid schemes, the agency is working closely with the National Bureau of Investigation (NBI) and the Philippine National Police (PNP), according to Trade Undersecretary Ruth Castelo.

“Because you are not currently tumitigil, the DTI. The DTI never stops addressing all of the complaints regarding networking scams, pyramid schemes, and Ponzi schemes “During the Laging Handa program, Castelo, who oversees the DTI’s Consumer Protection Group, remarked.

“Mayroon tayong mga continuing investigations pa para finally siguro, kung talagang illegitimate siya or mapatunayan sa mga papeles, maipasara ‘tong mga ‘to. (We have ongoing investigations to ascertain if the companies [facing complaint] are illegitimate. If shown to be fraudulent, they risk closure) “Added she.

Castelo claimed that the DTI is also checking the authenticity of the companies receiving complaints with the Securities and Exchange Commission (SEC).

After criticizing the DTI on Monday for allegedly taking too long to take action against multi-level marketing scams, Senator Raffy Tulfo made her remark.

Tulfo bemoaned the DTI’s vague response to complaints from people who had been conned by networking marketing companies during a Senate hearing held by the Senate Committee on Trade, Commerce, and Entrepreneurship.

Castelo affirmed that the DTI is stepping up its pursuit of illegitimate multi-level marketing firms.

She also cautioned people to be on the lookout for scams.

But the DTI is not negligent in warning our customers not to engage in questionable transactions, according to Castelo. “But ang DTI din, hindi po tayo naman nagkukulang sa paalala sa mga consumers natin, sa lahat ng tao really,” Castelo added.

To safeguard customers from unfair trading practices, the DTI released rules on the granting of seals for genuine direct selling and multi-level marketing organizations in February of this year.

Companies participating in genuine direct selling and multi-level marketing may be granted a seal by the agency under the DTI’s Department Administrative Order 21-09 in order to set them apart from those engaging in dubious methods.

By awarding a certificate of authenticity, businesses hope to prevent the general public from falling for their chain distribution or pyramiding scams.


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