October 20, 2021
Scam/Fraud

Panelo warns of investment scam

Alexis Romero (The Philippine Star) – August 15, 2021 – 12:00am

MANILA, Philippines — Chief Presidential Legal Counsel Salvador Panelo yesterday warned the public against what he described as a scam using his name to persuade investors to invest in a company.

“I have just been informed that a certain entity called Masa Mart is using my name and claiming that I am its lawyer. I understand that due to this misrepresentation, a lot of people are enticed to invest in the said company,” Panelo said in a statement.

“This is another scam. To dispel and eliminate all doubts, I categorically deny any affiliation with Masa Mart. I cannot be its lawyer as I do not even know anybody from it,” he added.

Panelo said as chief presidential legal counsel, he cannot practice law other than providing advice to the President on matters…

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