Skiddoo Philippines Inc

ALERT! New Scams To Be Wary Of

Based on the independent investigation of an affiliate “agent”, the following entities are suspected to be involved in possible fraudulent and scam activities in Asia and elsewhere.



  • A company that sells gold wafers and bars to the public without any gold authenticity certification.
  • Promises to investors 1.8% (for 50g – 95g of gold purchases) to 2.5% (for 3kg and above of gold purchases) in cash returns every month.
  • The group is operating mainly in China, Hongkong, Malaysia, Singapore, and the Philippines.
  • It is also targeting Thailand and the Middle Eastern nations as their next stops for business.
  • Incorporated by SEC in the Philippines but is suspected to be performing unauthorized business activities. The names of Philippine officers are not known.
  • Back in Oct 2010, the so-called Genneva International, Inc. founders, who are also the directors of Genneva Sdn Bhd in Malaysia – Ng Poh Weng, 60, faced 263 charges involving RM185mil while Marcus Yee Yuen Seng, 58, faces 234 charges amounting to RM153mil and Chin Wai Leong, 34, face 210 charges involving RM212mil. All of them were charged at Kuala Lumpur Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
  • Earlier in July 2009, Bank Negara (Central Bank) froze their personal and company bank accounts including all their gold bars.
  • Genneva Pte Ltd, also a gold trading company in Singapore, with the same directors from Malaysia’s Genneva, lost a lawsuit from one of its investors claiming $190,000 with a second writ of summons for a total sum of $86,000 in the pipeline.
  • Genneva Pte Ltd., is now in the Investor Alert List of the Monetary Authority of Singapore (MAS)


  1. Malaysia Chronicle
  2. The Star Online – Malaysia
  3. Monetary Authority of Singapore – Investor Alert List



  • Travel Ventures International is a leading multinational conglomerate. TVI Express is a dynamic company dedicated to bringing today’s lifestyle-conscious consumers the most superior travel and hospitality products & services, as well as providing a unique opportunity to promote TVI Express through Independent Distributorships.”
  • Claims to have Headquarters in London UK but domain search results trace its location in Bangalore, India.
  • Moved from bigger countries like USA, China, Australia, India, and the rest of Europe and Africa. Currently operating in smaller countries like the Philippines, Vietnam, and Indonesia.
  • ABC2 of Maryland highlighted TVI Express as a scam spreading in Maryland, USA.
  • Hungary authorities suspect TVI Express to be operating a pyramid scheme.


  1. TVI Express
  2. ABC2 News
  3. Real Deal Hungary



  • Included in the Investor Alert List of Monetary Authority of Singapore (MAS)
  • “Unauthorized Websites/Products/Services” watchlist in Securities Commission of Malaysia.
  • Claims to have their headquarters in Panama.
  • The offering of Convertible Preferred Stocks or CPS of VGMC is not also authorized by Panama’s Superintendencia del Mercado de Valores (SMV). Therefore, VGMC’s offering is even illegal in Panama.


  1. Monetary Authority of Singapore (MAS)
  2. Securities Commission of Malaysia
  3. Superintendencia del Mercado de Valores (SMV)

Local Scams To Avoid

1) Future Net-Networking Marketing Association of the Philippines
2) CBR Global Group
3) Central Mindanao Mutual Benefit Association
4) North East Luzon Foundation, Inc.
5) Finance Global Marketing Services

More Scam Groups To Be Revealed

Greed and lust for money never stops. Learn how to avoid investment scams.

On our next posts, we will be revealing more scams that continue to prey on individuals from different walks of life. Especially those that have e-books and gift certificates as products and those that do pre-selling of hospital stocks.

SEC Advisory 9-14-2013 10-32-18 PM

Learn more how to protect your money and to avoid scams by subscribing to BurnGutierrez.Com for FREE.

Join the OFW UsapangPiso Facebook Group and Forum to learn how to plan your finances the right way and how to grow your money in various financial instruments and investment vehicles such as stocks, mutual funds, UITF’s, bonds, money market, real estate, and others.

P.S. 1. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at if you have any questions. Click here to join!

P.S. 2.  I’m inviting you to attend our entrep webinar called “Negosyo 101 for OFW’s: A Crash Course on Entrepreneurship and Business Development on September 28, 2013 at 3PM (Philippine time) with our ever reliable personal finance blogging celebrity Fitz Villafuerte. This online seminar is cool and fits (Fitz!) those who are based abroad and either wanting to grab business ideas or just expand/grow their existing ventures. You can get more details of the webinar by clicking here.

7 thoughts on “ALERT! New Scams To Be Wary Of”

  1. Thank you for the warned. it sure helps getting informed . keep continue spreading Sir, you are one of the good person who are earning an invisible GOOD KARMA and that’s for me is priceless.

  2. Sir! Someone I know is talking me into investing in this company called Genneva. isn’t it safe to invest there? it seems legit when i saw their office in Taguig. thanks!!!

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  5. How about philagrivest company?it is a pili nut plantation in progress and offers investments, if someone came across this company. Hope you could enlighten me if it is a legitimate company or just a scam?ty

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