27 October 2015 – The Philippine Embassy in Doha wishes to inform the public and all overseas Filipinos in the State of Qatar that it received complaints from the public who were victimized by an investment scam known as “Invest Your Money and Earn Double” (paluwagan) and “Fastline” which is operated by a group of individuals in Doha.

The investment scam was reportedly started in March 2015. The first batch of investors collected their invested money with an interest of 600% in the span of two to three months. Most of the early batches of investors re-invested their money to earn more. This news that the early batches of investors collected their shares in the investment with high interests spread among workers at different malls in Doha.

The group allegedly offered high interest rates that encouraged investors to participate in the investment scam.

However, the investors later found out that the money they invested were gone and that the operators whom they called leaders of the “Invest Your Money and Earn Double” and “Fastline” could no longer be contacted and left Qatar.

The Philippine Embassy therefore advises all overseas Filipinos in Qatar to avoid participating in any investment and business transactions that are not duly registered with the Governments of the State of Qatar and the Republic of the Philippines. END