This letter was published on 9 Feb 2004 in the Letters to the Editor Section of Arab News. This letter generated so much publicity that an Arab News staff was forced to write a lengthy article regarding FQ. Because of this letter, a lot of people were angry at me. Some of them resorted to name calling. In the end, I felt vindicated because I was always right in the first place.
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The “Multilevel Marketing” which is commonly known as “Pyramiding Scheme” has reached the Kingdom through Mike Defensor’s “First Quadrant”. The Overseas Filipino Workers who want to earn “easy money” are effortlessly convinced to join this scheme and are tricked out of their hard-earned money. We should be vigilant about where we invest. Money earned through sweat and labor should never be invested in risky schemes. Permit from the Securities and Exchange Commission are no guarantee of the legitimacy of this scheme. Most of the multilevel marketing schemes have turned out to have violated SEC regulations several months or years after operation. Aside from that, this has not obtained permits from the kingdom’s government. I appeal to my fellow OFW to exercise extreme caution while dealing with the agents of this scheme.
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