BAGUIO CITY, July 29 (PIA) -- Be wary of the Ponzi scheme as an investment fraud, the Securities and Exchange Commission (SEC) Cordillera warns the public.

SEC OIC Regional Director Regina Cajucom during the 2nd Quarter meeting of CONSUMERNET-CAR said even with continuous investor information and dissemination campaigns on investment schemes, it is surprising that there are still a lot of victims of investment scams.