SmarTrade PH issues warning against bogus group

SMARTRADE PH, registered as “SmarTrade” with the Securities and Exchange Commission and Intellectual Property Office, recently uncovered a fraudulent scheme operating under the name “Smartrade.”

This group and its associated Facebook page, led by an individual claiming to be Chief Executive Officer (CEO) Eryel Tierro, have been falsely using the SmarTrade PH brand to defraud individuals of their hard-earned money.

On April 15, SmarTrade PH clarified in its official Facebook account that the said Facebook page is not managed by the company after receiving calls from aggrieved parties, who fell victim to the scammer’s promise of a guaranteed initial profit of 40 percent in 7 days with a minimum shell out of P500.

“We are deeply concerned about the activities of this group and wish to warn the public against falling victim to their scams. Investing wisely requires diligence and research. If an opportunity seems too good to be true, it likely is a lie,” said Joyce Mayo, president and CEO of SmarTrade PH.

SmarTrade PH reaffirms its commitment to empowering Filipinos with the knowledge and tools needed to make informed financial decisions. Through free lectures, seminars and consultations, the organization aims to equip individuals with the skills to grow their wealth safely and responsibly.

Amid the promise of quick gains, SmarTrade PH emphasizes the value of hard work and vigilance in the face of fraudulent schemes. The allure of easy money and guaranteed profit often masks deceptive practices.