Businessman Devastated After Being Scammed by a Dropshipping Company
A businessman was left devastated after allegedly being scammed by a dropshipping company, which took the money he had invested.
Leo Maglente, a Facebook user, shared his unfortunate experience after being scammed by a dropshipping company, leaving him devastated when the money he invested was taken without being returned.
The post immediately spread like wildfire on social media and elicited reactions from the online community.
Maglente, a small business owner, detailed how he was scammed by a dropshipping company named SEATAOO. Like many others, he trusted the company because it appeared legitimate, with promotions featuring paid celebrities and even financial experts endorsing it.
The businessman had invested all his savings, a total of P432,000, including his own hard-earned P256,000. He had been a seller with the platform for seven months, which gave him the confidence to create a second account and invest more money.
According to Maglente, the company promised sellers earnings of 7% to 12% within 20 days, which attracted many people, including overseas Filipino workers (OFWs), who saw this as a way to grow their savings quickly.
However, by June 25, 2025, SEATAOO stopped returning the funds to its sellers, affecting thousands of sellers worldwide. Maglente expressed his regret, realizing that there is no such thing as easy money and that trusting too easily can lead to losses.
The entrepreneur hopes that SEATAOO will at least return the initial investments made by sellers. His heartbreaking story serves as a warning to others, especially those who might still be tempted by similar schemes that promise quick and easy returns.
He urged his followers to avoid scams like this, as they tend to resurface under different names, taking advantage of those seeking fast profits. Many OFWs, like Leo, have lost their life savings to these fraudulent companies.
In a similar post, a woman scammed by lady pretending to be regional director at SM, steals PHP25,000
The internet users expressed their reactions to the post:
