♬ Trust me
Try rolling with the flow
Trust me
I’ve been there don’t you know
I’m giving you a chance, so take it
I got all you want, you’ll make it..♬

Music by Elton John, Lyrics by Tim Rice, recorded by Elton John.

The biggest law firm in the Philippines has been defrauded of P50 Million (approx $1,265,000.oo CDN), according to Purple S. Romero, abs-cbnNEWS.com.

“The law firm was reportedly promised five percent of its client’s $50 million-claim. However, in order to get their cut, the firm was first asked to advance P50 million.”

The firm checked the client’s bank account prior to advancing the funds, but the funds ‘disappeared into thin air’ once the advance was made.

Sycip Salazar Hernandez Gatmaitan appears to have fallen victim to a classic ‘advance fee’ fraud.

It is truly unfortunate that ‘confidence men’ are able to take advantage of the lure of p100 million (approx $2.6 million CDN) in fees – showing yet again, that if the chance appears to be too good, it probably is…and a firm should not take it.