Malacañang has reminded the public that it will never encourage them to participate in supposed investment opportunities, which is a common tactic in online fraud. The Palace said it is not true that the official account of Radio Television Malacañang (RTVM) is linked to an online investment...
Six human trafficking victims have been repatriated to the Philippines after working in cryptoscam hubs in Myanmar with little or no salary and subjected to physical and psychological abuse. Immigration Commissioner Norman Tansingco said the six victims -- two males and six females and whose...
Three Filipinos, who were recruited as call center agents in Thailand but were finally transported to Myanmar and forced to work as scammers in cryptocurrency trading, have been repatriated to the Philippines. Just like previous victims of human trafficking, Immigration Commissioner Norman...
The Securities and Exchange Commission (SEC) is warning the public against dealing with three unlicensed businesses who have been soliciting unauthorized investments online. The SEC released advisories on its investigations of the entities identified as 888 Partners Corp. Budgetarian Online Shop,...
GMA talents Mikee Quintos and Paul Salas were at the Makati City Prosecutor’s Office on Monday to file an estafa complaint against a cryptocurrency group. According to a "24 Oras" report, the celebrity couple, along with seven others, filed the complaint after supposedly being duped out of 8...
CEBU CITY – The National Bureau of Investigation-Central Visayas (NBI-7) has arrested a woman from Naga City, southern Cebu allegedly involved in an investment scam. Eva Ferraris made her victims believe that she was a rice trader and enticed them to invest in her business, said NBI-7 Director...
LUCENA CITY, Quezon – Nine officials of an investment group have been charged by the National Bureau of Investigation (NBI)-Lucena District Office with 40 counts of syndicated estafa after collecting millions of pesos in contributions from their so-called “investors” in their “paluwagan”...
CEBU CITY -- Several residents in Lapu-Lapu City have sought the help of their mayor after they lost millions to an investment that turned out to be a scam. The person who is allegedly behind the scam is a resident of Barangay Maribago whose wife works at the Lapu-Lapu City Hall. The identity of...
As the government and private companies start to release bonuses to their employees, the Philippine National Police (PNP) warned that individuals and groups have already intensified their operation to lure people into putting their money to fake crypto investments. Police Brig. Gen. Joel Doria,...
TACLOBAN CITY – Davao del Sur’s most wanted person involved in a multi-million investment scam was arrested in Brgy. 84, Villa Rita Subdivision, San Jose District here on Monday, Nov. 14. The suspect was identified as Garry Simbahon, 44, who has a pending warrant of arrest for estafa. The...
Five alleged scammers, believed to have milked millions of pesos from their victims, were arrested in a joint entrapment operation launched by the National Bureau of Investigation (NBI), the Securities and Exchange Commission (SEC), and the Anti-Red Tape Authority (ARTA) in Quezon City this week....
Scammers prey on those looking for an additional source of income to augment their earnings or to grow their nest egg and secure their future. They offer investment deals that guarantee huge profits for doing almost nothing. Some may be skeptical or cautious and initially invest just a small amount...
