Business scams in the Philippines – added stock

This scam is a particularly damaging one because its based on a simple business to start with which doesn’t make a huge profit. Its fish where a owner of 10 vehicles used to commute fish from Negros by truck into parts of Cebu. Originally it went well but then he started to notice sales dropping rather drastically so started to investigate himself. What he found was that the drivers were adding stock to the vehicles in Negros then transporting to his clients in Cebu and undercutting on price with their own stock pocketing all the money and obviously no commuting costs which meant the buyers were buying less and less of the guys original stock. End result 10 drivers lost their jobs and the foreigner gave up on a business that could be viable if it wasn’t for short sighted crooked staff.