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SCAM ALERT: Fake BDO “Legit Investment” platforms
- BDO, Investment Scam
- IN PHOTO: Scammers are now using the BDO logo and even faking an NPC warning to make their scheme look “official.” They repeatedly use the word “legit” to deceive readers, but that doesn’t make it real.
By TechWatch PH Staff
Online scammers are once again preying on unsuspecting Filipinos, this time using the official logo of Banco de Oro (BDO) and fabricated government permits to promote a bogus “legit investment” platform.
Posts circulating on social media show a pages named “Legit Investment BDO Platform” advertising supposed quick-profit schemes. The page features photos of luxury cars, testimonials, and graphics claiming registration with the Securities and Exchange Commission (SEC) and the National Privacy Commission (NPC). One poster even carries a forged signature under the title “Privacy Commissioner” to mislead the public.
The scammers heavily use the word “legit” in their posts to trick readers into believing the platform is safe and government-approved. However, this tactic is a hallmark of online fraud.
The most glaring red flag is the group’s promise of astronomical returns: an investment of just ₱2,000 supposedly growing into ₱20,000 “in a matter of hours.” Other posts claim that ₱50,000 can turn into ₱500,000, a guarantee that no licensed financial institution or legitimate stock market program can provide.
Scam Watch Pilipinas has repeatedly warned that offers guaranteeing high returns with little to no risk are scams designed to exploit people’s desire for fast money. The SEC also has previously reminded the public to verify investment offers using its official “Check With SEC” application.
BDO has not authorized any investment platform under the name “Legit Investment BDO,” and the bank has consistently advised clients to transact only through official channels.
Consumers are urged to exercise caution, avoid engaging with suspicious social media pages, and immediately report fraudulent schemes to the SEC, NPC, and the Philippine National Police Anti-Cybercrime Group.
If it sounds too good to be true, it’s a scam.