AYALA Corporation warns the public against online accounts using the name of retail business Spinneys in a “jobs for investment ” scam.
The unauthorized use of the Spinneys brand in fake online pages has come to light following the United Arab Emirates-based company’s earlier announcement of its expansion in the Philippines in partnership with Ayala.
In the latest fraud scheme, individuals pretending to be recruiters are offering supposed job vacancies in Spinneys Philippines. They entice victims to apply through quick and easy hiring once they join as Spinneys Philippines members for an initial investment.
Under a “basic plan,” these fraudsters require an “investment” of ₱8,000 or about 500 AED, promising daily interest of 0.5 percent with capital release within 150 days and “automatic dividends .” A more expensive “standard plan” costs 2500 AED or nearly ₱40,000, with a return of 0.7 percent daily and 120 days of capital release.
These offers are fraudulent. Ayala is not associated with, nor does it endorse, individuals behind fake pages orchestrating these illegal activities. We have initiated steps to take down these scam pages.
We only share updates about our Spinneys partnership on our official channels.
We call on the public to be wary of online offers using names of reputable companies in fraudulent schemes. Do not engage these pages, provide personal information, or invest in schemes that appear too good to be true.
