Senator Raffy Tulfo expresses his frustration over the failure of the Department of Trade and Industry (DTI) to act on numerous reports of scams reported to him by victims of so-called Multi-Level Marketing and Networking companies who prey on consumers by promising them exorbitant returns on their investments.
Tulfo, in a virtual organizational meeting of the Committee on Trade, Commerce and Entrepreneurship, Monday, August 22, 2022, challenged the DTI to step-up its efforts to scrutinize and regulate fraudulent companies who apply for DTI accreditation to seduce unwitting victims.
“I suggest that you look for ways to ensure that these fraudulent multi-level marketing and networking companies would not continue to increase, especially during the pandemic, by promising big bucks or better futures to the Filipino people.
