⚠️** WARNING & AWARENESS POS**T ⚠️
We would like to raise awareness regarding our experience with a couple, Trish Uytingco and Enrico Uy, in relation to alleged forex and crypto transactions.
We entered into dealings with them based on a long-standing friendship of over a decade. The first transaction was completed successfully, which built our trust. However, the second transaction—amounting to nearly ₱50 million—did not go as expected. We were later informed that the ₱50 million had allegedly been “burned” in a forex transaction, but no verifiable proof from any legitimate broker was provided to support this claim.
In one instance, we provided ₱10 million in cash intended for conversion into USDT. Unfortunately, the funds never reflected in our account. We were later given what appeared to be a receipt, but there are strong indications that this document may have been altered or falsified.
When we requested a refund, we again received what seemed to be proof of a bank transfer, but no funds were actually credited to us. It has now been several months, and we have not received any resolution. Communication from them has also stopped for nearly a year.
We were previously assured that in case of any issues, they could compensate through their luxury goods business (e.g., Birkin bags, luxury watches). However, a separate acquaintance who accepted a luxury item as partial settlement later discovered that the item was allegedly not authentic and may have been a replica sourced from Hong Kong.
We are sharing this to caution others to exercise due diligence, especially when large sums of money and informal agreements are involved—even when dealing with people you trust.
If you have had similar experiences or information, we encourage you to come forward.