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SEC warns public vs bogus fraud helpers

The Philippine Star

|

October 04, 2025

The Securities and Exchange Commission (SEC) is warning the public against groups claiming to provide assistance to victims of fraud.

- By RICHMOND MERCURIO

In its latest advisory, the SEC urged the public to exercise the highest degree of caution against certain individuals or groups operating Facebook pages, online communities, and other social media platforms that appear to offer help to scam victims.

The SEC said these platforms are, in fact, designed to defraud them a second time. Such schemes are referred to as “recovery” and “advance-fee recovery” scam by the SEC.

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