CLAIM: Double Dragon’s Edgar “Injap” Sia II has launched a new investment program that earns up to ₱96,500 per week for investors.
RATING: FALSE
A Facebook ad falsely claimed that DoubleDragon Chairman Edgar “Injap” Sia II had opened an investment opportunity that guarantees a weekly payout of ₱96,500.
Flagged content: The Facebook account “VERDE E CIA” posted a manipulated video captioned, “A new project called Ayala Investments AI has been launched, offering every Filipino the opportunity to earn an impressive ₱690,000 per month, starting with just ₱6,000!”
- The link to the membership sign-up leads to a fake Inquirer.net website.
Our debunk: No official statement or interview has shown Sia proposing an investment project that guarantees a weekly payout of ₱96,500.
- There is no mention of an investment program in DoubleDragon that guarantees a payout of ₱96,500 per week.
- DragonFi Securities Inc., where Sia is a co-founder, offers a voluntary retirement savings program called “PERA.”
- Inquirer.net previously flagged imposter websites and debunked false reports on supposed investment schemes on its official Facebook account.
Rewind: Sia is one of the people behind DragonFi.
- On Aug 6, 2025, Forbes ranked Sia as the 39th richest person in the Philippines.
- On March 11, 2025, Sia pledged a ₱10,000,000 matching grant for PERA accounts in DragonFi.
Why we fact-checked this: As of writing, the post has drawn 346 likes, 60 comments, and 10 shares.
- This is similar to a previously fact-checked claim by PressOne.PH about a fake Inquirer.net article promoting scams.
Spot the fake: Verify investment schemes by checking official business websites and social media accounts for announcements or press releases.
- Better yet, check whether the business or investment is registered with the Securities and Exchange Commission.
- Be aware that legitimate news websites may be impersonated by scammers. Check with official news sites if such investment products exist. Rhei Hernandez
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