Beware of Cocolife plan scam being offered at SM Malls
More people victimized by Cocolife plan scam at SM Mall ~ Have you ever encountered those persistent Cocolife Plan agents at SM Supermalls? Beware! Because a lot of people are reporting that it was a scam and they got evidence about it. A Facebook post went viral today with the complete story and apparently it was already reported to BDO and Cocolife itself. Check out the story below.
Viral facebook post about Cocolife agents at SM malls
The Cocolife agents scam
It is not clear yet how these Cocolife agents do their modus because of the fact that they won’t allow anyone but the victim on the room where they initiate the scam.
Cocolife Plan scam: Isolate the victim from the companion
What is clear now is that once victims get out of that room they will be out of their minds not remembering anything. With them is a withdrawal slip amounting up to ₱ 50,000 that’s a big amount even for a Call center employee like me. What else if it was the life savings of a minimum wage earner?
The companies involved in the Cocolife scam
Now here’s the big deal that we need to remember here. Why the hell are SM Supermalls allowing this kind of people in their premises? And what other companies are being dragged in to this scam? Here’s what I found out.
Last June 23, 2017 Inquirer Business reports that BDO was interested for controlling stake in UPCB owner of Cocolife Insurance. So basically to make that plan more fruitful their allowing Cocolife to have more customer at the expense of marketing it on SM malls.
There’s also the AMA Education System, as being the primary offer in the said scam. According to some comments on the post that offer was said to be a educational plan that equates to 50% discount on any course or degree in AMA colleges and university.
Cocolife and AMA educational Plan alleged scam
But why are these big names allowing their name to be used in such a criminal act? Are they intentionally recruiting people who not only good in sales but a “budol-budol” as well? This modus need to be stopped so we are calling out this companies to explain their side!
How to prevent from being victimized?
It’s plain and simple do not ever entertain these scumbags. Clearly the budol-budol gang of tomorrow have now infiltrated the fair and legal Sales industry of today. They are now dressed up like professionals looking smart with their suits and tie but with a legit product as concealing their criminal acts they are even more dangerous. If you are really interested about these things ask for a brochure to know the complete details. Then search about reviews online to get a word from customers themselves. If you noticed anything like these scams do not hesitate to email us at hello@olanap.com so we can write a story about it.
Read: How to get Post-dated checks in BPI Updated Guide
I hope you enjoyed our Olanap.com “More people being scammed by Cocolife plan agents at SM Mall” article as always here we are delivering the most updated and viral stories out there. Do not forget to leave a comment below for any clarifications. For updated post you can subscribe to our Mailing list, Bookmark our website or Like our Facebook Page. You can also email us at hello@olanap.com Cheers!
Arlyn
November 5, 2019 8:18 pmI got scam by this cocolife in SM davao.. pero kinansel ko agad ang sabi ng manager makuha ko daw ang full refund na 25k pagbalik ko sa US ang kalahati lng na regund and kalahati di daw wala na ako magawa kc nasa US na ako bwesit sobrang galit ng asawa ko faming scammer sa s Mall pa talaga sana atakihin ang my ari niyan.. yong pinsan ko na scam din ng 50k di na nabalik😥
Jennifer fernando
November 3, 2019 7:21 pmGood day po! Ako rn po nabiktima po jan sa sm manila sabi rn po skin ng staff na bakla 45mins lang dw kakausapin at ask nya pa kung my laman bank account ko kaya nanigurado sya at pumunta kmi sa atm machine 15k po nakuha nila sakin at every month automatically po binabawas sa banko ko un hulog ko. Naka ilang buwan rn po ako nakahulog kaya sa sobra inis ko pina close ko acct ko sa bdo para hnd na nila ma automatic ang hulog ko. Sana po matulungan nio po aq ma refund pera ko. Salamat po
Jennifer fernando
November 3, 2019 7:02 pmGood day po! Sana ako rn po matulungan nio po maibalik pera ko kaso ang tagal taong 2017 papo yata un…jan rn po aq nun sa sm manila..
raven
March 27, 2019 12:37 amParehong “pambubudol” yan noong “FamilyFirst”, then naging “something”, then naging “DanVil”, then naging “CocoLife” pero na-revert back to DanVil. Personally a victim as well. Not exactly a scam kasi legit naman yong business entity, pero pam-bubudol na sapilitan at manipulative yong pangpasali sa iyo. Buti na lang after more than 7 years na fold-up yong DanVil, na-refund yong nababayaran ko na premiums. But then principal lang, walang isang kuting na interest income man lang. Di nga naituloy yong pang-transfer ng account ko sa CocoLife, pero minana talaga niya yong pag-maniobra at manipulative na pagpipilit sa mga prospects niya.
MonsT
October 1, 2018 5:05 amVictim din ako nito kahapon lang, Ininclude ko na no free bags and 20k insurance yung one reason ko which is meron pala hindi lang diniscuss sa akin tapos nagalit sila hindi daw acceptable reason ko saka pinapalit yung letter ko. GPA of 2k lang binigay ko muntik na akong mag bigay ng 5k. Misleading ang mga ahente at agressibo na mag tinda.
Jamaputhra
October 4, 2018 11:44 amButi na lang sir at naagapan mo. Sana madami pa mag comment ng experience nila.
Angelo Javier
August 6, 2018 11:25 pmIt’s a violation of the Access Devices Regulations Act. They should be held criminally liable. And file your complaint before the Insurance Commission.
ANN
October 10, 2017 5:56 pmExactly what happened to me. I hope I am as toughed as you @AR para ma refund yung pera ko. 12.5K ang nawala sakin. And it happened at SM San Lazaro. Hinanda ko nadin letters ko para ma cancel yon pero wala kong nagawa dahil bawal na daw, kahit sinabi kong pwede sabi sa research na ginawa ko dahil may 15 days cooling period nga para ayusin. Yes panloloko yung ginagawa nila sa tao. Things will go uncontrollable. Yung ahente may paturo turo pa sa floor parang kunwari may nalaglag ka tapos mapapatigil ka nga naman sa paglalakad mo. In ecxhanged of your basic information para sa raffle prize na makukuha mo “daw”, isasama ka nila sa office. In my situation dalawang ahente pa ang nagpersist sakin (left and right), kakausapin ka hanggang sa hindi nako pde lumabas don ng hindi ako magbabayad ng hinihingi nilang halaga which is clearly a form of harrasment. Bakit nila kailangang sabihing wala kang kailangang ilabas na halaga, tapos pag naka fill up ka na saka ka na nila gigipitin. At nung nag fill up ka sa unang papel wala siyang sinabing kailangan mong ibigay na halaga sa araw na yon. Nagsabi ako na ayoko at may paglala anan akong iba pero ayaw nila pa awat. Kung sana hindi ako napupuyat at nagugutom araw araw para kumita ng pera edi sana ang dali lang dba. Nagresearch ako at obviously pare parehas ng scenario ang nagyayari satin. Hindi pa din ba aware ang sm malls regarding dto? Para naman matigil na ginagawa nila.
Jesline Cassie
October 11, 2017 7:43 amMa’am Ann, Wag ka pong pasindak sa kanila. Kailangan nyo pong ipaglaban ang karapatan nyo po. Magpumilit po kayong kausapin ang manager. In my case, dinala ako sa isang room at pinagharap kami nung agent (Jane Padasas). Nagsigawan kami kase d nya matanggap yung mga sinulat kong harassment na gnawa nya. Totoo pong mawawalan sila ng trabaho kapag nalaman po ito ng Main Branch ng Cocolife sa Makati at Insurance Commission. I-handwritten nyo po yung letter at wag po kayong papayag na d mabalik ang perang pnaghirapan nyo po. Kung debit card po ang gnamit sa inyo, i-enroll nyo po sa Mobile Banking. Para matrack nyo po kung ibinalik ang pera nyo. Kailangan may receive copy ka po na kinuha nila ang letter mo. Yun po ang katibayan nyo na dapat ayusin nila ang complain m. Once may copy ka na po, itawag nyo po yun sa main branch every other day hanggang sa makulitan sila at asikasuhin yun. Good Luck po. Sana mabalik po nila ng buo ang pera nyo po. Mas maagang maireport, mas maagang maaksyunan. Every Friday nila pnapadala ang refund sa Main branch.
Gel
November 26, 2017 10:46 amHi maam! Nagbago po kasi agad isip ko pagkalabas ko ng office nila sa sm manila. E pano po yun na swipe na debit card ko 😭 Ano po gagawin ko para makuha ko agad yung pera ko??? Salamat!
Gel
November 26, 2017 10:47 amHi maam! Nagbago po kasi agad isip ko pagkalabas ko ng office nila sa sm manila. E pano po yun na swipe na debit card ko 😭 Ano po gagawin ko para makuha ko agad yung pera ko?? Salamat!
Jesline Cassie
September 8, 2017 3:41 amThe same happened to me last August 8, 2017. Naglalakad ako sa mall ng bigla akong hinarang ng isang agent. Sabi nanalo daw ako ng Trip to Singapore. Kailangan ko lang daw makinig sa presentation to claim the prize. Sabi 45min lang, pero 2 hours na kong nasa loob. Nung una, sabi wala daw babayaran. Makikinig lang daw sa talk. Nung sinabi sa kin na may babayaran na, kinuha ko bag ko. Sabi ko, “uuwi na ko. Sabi nyo kanina, walang babayaran? Tapos ngayon, pinipilit nyo ko magbigay ng 5k?!” Pnapili ako ng mas maliit na option, 2k good for 1 year na daw yun. Ang pagka-explain sa kin, “SAVINGS” yun. Tapos bago i-swipe yung card ko, bnbalak ko ng umalis, pero hinaharangan ako ng agent. Makikita sa CCTV yun. Kaya d ako natatakot. After ma-swipe, humingi pa sya ng “Pasensya na. Trabaho lang”.
Kinabukasan (August 9, 2017), gumawa ako ng letter. Sinabi ko na, pinilit ako at naharass sa ginawa nila. Tsaka mali yung in-explain sa kin, ang sabi “SAVINGS” pero “LIFE INSURANCE (GPA)” ang binigay sa kin. Sinigawan ako ng agent, pero d ako nagpadala sa pang-iintimidate nya. Sinabi kong, “Oo. Trabaho nyong magpersuade. Pero d nyo kailangan manloko.” Nagalit sya, sinabihan pa kong allegations daw ang mga sinabi ko. Pero kahit i-review nila sa CCTV, kumpyansa ako ng totoo. Tinakot pa kong, d nya daw aayusin yung refund ko. Ang sa akin lang, kahit na maliit na halaga ang 2k. D mo nman pupulutin yung pera na yun. Nagfollow-up ako sa landline nila.
September 5, nabalik na sa account ko yung pera. Lesson learned: Kung alam mong nasa katwiran ka at na-agrabyado ka, ipaglaban mo. Sana d na maulit sa ibang tao tong nangyare sa kin.
AR
August 31, 2017 9:26 amMARICEL CARE-AT it also happened to me. sabi ko nga sa sarili ko ang tanga tanga ko dahil naglabas ako agad ng almost 24k ng hindi manlang inalam ang reputation ng company. nung Aug 28,2017 naman ako nag avail ng FSP sa SM Molino, nung nasa office na ako pina swipe ko na yung dalawang debit card ko BDO and PSBANK. aug 30 ng dineliver sa bahay ko yung policy and laking gulat ko na di naman dinisclose sakin yung maturity date at yung application form ko pinakealaman i fill out ng staff sa office nila nung wala na ko kaya nung dumating yung policy sa bahay iba ang date of birth ng beneficiaries ko kaya pina cancel ko agad yung policy.. under evaluation pa yung case ko.
sayang lang kasi kung nasa 15 days cooling of period ka pa ng nag cancel ka posibleng maka paghabol ka ng full amount na refund. itanong mo sa insurance commision sana kung may magagawa ka pa para sa pera mo.
Ina
August 17, 2017 8:27 amThat’s what exactly happened to me year 2014. But i got over it. What is 200 k.? And look they are still there doing that thing. So it’s so simple no matter how they tried they won’t be successful.
maricel cara-at
August 15, 2017 9:58 amGood day! The same scenario I have experienced at SM Bacolod City last August 5, 2017. Please help me to retrieve my money it’s 20k. I came back last satuday but the agent told me that I can’t get my money back automatically. I need to wait for 1/2 years so that I can withdraw but not all. For it is a plan. Is it true?