depends on the person. how much do you trust him? does he work for a legitimate company, like cargill?
besides being a filipino (i saw that because i am a filipino and know there are tons of scammers out there), it sounds like a ponzi scam to me...
http://www.investopedia.com/university/scams/scams2.asp
sample filipino scam:
http://www.time.com/time/asia/biz/ma...100595,00.html