Self described online journalist and political critic Even Demata has set his sights on Emgoldex Philippines, going on repeated tirades against the company.
On his page, the Demata uploaded a photo of what he alleges is a bar of fake gold from Emgoldex, mocking the company’s starting investment of 35,000php—a figure many of the networking company’s clients claim can be recouped in 3 months.
The caption of the photo reads:
“Ito na ang gold ng EDGoldex. Mag-invest ka lang ng P35-K makukuha mo na ito sa loob lang 3 buwan. Grabe! Payaman! Super power! Wew! Apir!”
Several users agreed with the post, calling Emgoldex yet another multilevel marketing scam preying on OFWs with the promise of wealth and easy money.
However, others have been quick to defend Emgoldex, saying that they’ve already recouped their initial investment and are substantial enjoying capital gains.
In any case, the SEC has already issued a notice here in the Philippines, warning the public against investing money in Emgoldex Philippines amid claims of the company’s huge returns for every investment made. The company is not SEC-registered and is caught in a storm of controversy both here and abroad.