SEC Investor Alert
Warning to the Public
In view of the numerous complaints DTI has received against CLEVERBUY INC., the Public is hereby warned to be cautious in dealing with the said company.
Online merchants with sales promo offers such as discounts are required to secure sales promotion permits from DTI.
For verification of DTI permit numbers, please visit www.dtincr.ph or call DTI Direct at 7513330.
Warning Against Fake Franchisors
DTI-NCR advises the public to beware of franchise scams. In general, said scheme involves the following:
The public may call the following franchise associations to verify if a franchisor is a legitimate member:
For more information about franchising, call DTI-Direct at 751.3330 or click here.
Warning Against Text-Based Scams
Think before you give out any personal information or spend a certain amount of money for the prospect of an even bigger ‘prize’.
First, ask yourself if you joined any contest. If not, there is a very slim chance that you won this expensive prize.
DTI-NCR reminds the public that no person shall conduct any sales promotion campaign without first securing a permit from the concerned government agency. This is to ensure that the participating public is protected against deceptive or irresponsible conduct of the sales promo scheme.
Further, for prizes exceeding P500, the law requires that the winner be notified through registered mail, and not through text messages alone.
For inquiries about sales promotions and the validity of promo permit numbers, please call 811.8231 or 811.8367.