ZAMBOANGA CITY- Four officers of Silver Lion Live Stock Trading, a company suspected of defrauding residents here of millions of pesos worth of investments, were served warrants of arrest for alleged violation of the Securities Regulation Code on Wednesday, Dec. 7.
Suspects include Michael Villalobos Verja, vice president of the company; and employees John Paul Dellera Lopez, Nena Ewayan Algoy, and Rosemarie Alvarez Guzman.
Verja, Lopez, and Algoy are from the Visayas region while Guzman is a resident of Zamboanga City.
The warrants of arrest, issued for violation of alleged fraudulent acts and lack of registration under RA 8799 (Securities Regulation Code), were served to the respondents while the latter were under NBI custody.
The warrants were issued by the Regional Trial Court in Zamboanga City with a P126,000 bail for each of the accused.
The four individuals were held after a raid on the office and residence of Silver Lion Stock Trading owner Ryan Ladoing last Nov. 28.
Agents were able to seize nearly P15-million in cash, vouchers, receipts and other documents from places where the raids were conducted.
Ladoing and his cohorts in the Visayas are reportedly facing large-scale estafa charges in Bacolod City, according to NBI-9 Regional Director Atty. Moises Tamayo, adding that the suspect fled to Zamboanga where he allegedly defrauded dozens of investors anew.