SBS Philippines Corp. and its subsidiary, SBS Holdings and Enterprises Corp., warned on Monday against online fraud schemes that were unlawfully using the companies’ names to solicit investments and payments.
In a statement, SBS said it had received reports of individuals falsely presenting themselves as employees, affiliates, agents or representatives of SBS Holdings, offering supposed investment or online selling opportunities.
The company said the fraudulent schemes resembled online selling-investment scams where perpetrators impersonate representatives of a legitimate corporation and use fake or stolen documents to appear credible.
Victims are often approached through unsolicited messages or invitations promoting “selling-investment” arrangements, with promises of quick profits or commissions in exchange for sending money or completing certain online “tasks.
SBS said that neither it nor its subsidiary was engaged in any form of online selling, procurement or investment platform, and that it does not solicit or require advance payments, deposits, guarantees or any refundable money transfers.
The company also stressed that it does not promote or solicit investments through social media, random emails, or messaging platforms.
Any investment solicitation or advertisements claiming to be associated with SBS Holdings, including those linked to websites such as “sbsholdings-vip.com” or accounts on Facebook, Telegram, Instagram, X, TikTok, or similar platforms are unauthorized and fraudulent, SBS said.
“To be clear, SBS does not operate any online selling, buying, or investment platforms and never asks for online advance payments or refundable transfers,” the company said.
The company urged the public not to share personal or financial details with unknown or unverified sources and to be wary of messages demanding immediate action or containing poor grammar or unusual formatting, and to ignore unsolicited offers involving money transfers.
It also advised individuals to avoid clicking on suspicious online advertisements and to block and report suspected scammers to the appropriate authorities.
SBS Philippines shares last closed at P3.65 apiece on Friday.
