Panelo warns of investment scam
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…