SmarTrade PH, registered as “SmarTrade” with the Securities and Exchange Commission and Intellectual Property Office, a leading advocate for financial literacy in the Philippines, recently uncovered a fraudulent scheme operating under the name “Smartrade.” This group and its associated Facebook page, led by an individual claiming to be CEO Eryel Tierro, have been falsely using the SmarTrade PH brand to defraud individuals of their hard-earned money.
On April 15, SmarTrade PH clarified in its official Facebook account that a Facebook page bearing the name “Smartrade” is not managed by the company after receiving calls from aggrieved parties who fell victim to the scammer’s promise of guaranteed initial profit of 40% in 7 days with a minimum shell out of P500.
“We are deeply concerned about the activities of this group and wish to warn the public against falling victim to their scams. Investing wisely requires diligence and research. If an opportunity seems too good to be true, it likely is a lie,” said Joyce Mayo, President and CEO of SmarTrade PH.
“Our mission is to give, not take. SmarTrade PH will never ask money from you. We offer our services for free to empower individuals to take control of their financial future by educating them and equipping them with the necessary skills to explore investment opportunities such as online trading. We have been doing this for more than six years now,” added Mayo.
SmarTrade PH reaffirms its commitment to empowering Filipinos with the knowledge and tools needed to make informed financial decisions. Through free lectures, seminars, and consultations, the organization aims to equip individuals with the skills to grow their wealth safely and responsibly.
Amidst the promise of quick gains, SmarTrade PH emphasizes the value of hard work and vigilance in the face of fraudulent schemes. The allure of easy money and guaranteed profit often masks deceptive practices.
To stay informed about SmarTrade PH’s official announcements, training schedules, and upcoming programs, please follow their official social media accounts (SmarTrade PH) or visit its official website smartradeph.com.