From Fab to Fraud

                                  Image courtesy of www.sherriequestioningall.blogspot.com

When we hear of people who are what you call "uninitiated" getting duped big time, we will understand why. But when it is the trained and the more educated one becoming the victim, we will ask why. Just what makes us get attracted so fast  to get-rich-quick schemes?

Seems like we will never tire listening to sweet-talking scammers playing all sorts of tricks to make us surrender our gullibility. The flowery stories hypnotize us enough to think that they will be the be all and  end all towards our financial dreams.

Unknown to most, there's mouthful of whispers going around within the social circles about a new entry to the scammer club.

A hairstylist HS and salon owner catering to the well-heeled might be hitting the headlines very soon. HS' salon is located in some flashy address in the metro. He is very popular with the affluent, and why not? His fee per haircut alone is one of Manila's priciest in this part of the district. But owing to HS  background and vast training in his field, many say that his professional fee is definitely worth it.

HS lured friends and some of his salon clients FC to invest close to a million per person in his company. The amount would qualify the investor to an equivalent share in his salon business.

And so time went by, FC waited months without getting anything from HS' maturing obligations. But being his friends and long time clients, FC gave him the benefit of the doubt, and still trusted that he would pay up sooner than later. After all, his salon business is one that you would call booming and solid. So they waited.

And how long have they waited? FC suddenly realized they were not getting their end of the bargain. For 3 straight years, they were not given any dividend from their investments. No nothing, nada, kaput. They kept going back to HS for follow up. In desperation, others just wanted their money back, but they could not. Everytime he was face to face with them, HS always gave his investors the run around.

Finally, the investors decided to file syndicated estafa against their erstwhile friend. Everyone is in a quandary if they will still be able to recover his/her investment. And from the looks of it, it is going to be a tough fight. And a tough luck it will be for HS, too.

As it has been repeated thousands of times, if it looks too good to be true, then it probably is. 

Lust and greed are more gullible than innocence - Mason Cooley

Who is HS? Please abide by the GUIDELINES in writing comments if you want them to be posted. Initials and comments that are too explicit will not be accepted.

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