53 firms monitored,
323 cases filed vs 57 suspects
By Maria Aprila Cruz
BAGUIO
CITY – Some 53 investment companies
believed to be involved in illegal investment scams are being monitored by the
Task Force Anti-Illegal Investment and Scam in the region.
During recent Regional Law Enforcement
Coordinating Committee (RLECC) meeting, Supt. VirgilioLaya said that they were
closely monitoring 31 firms in Benguet, and 22 in Baguio City.
The task force was created by the
RLECC April to protect the public against schemes that defraud them of
their money.
To date, on cases filed against illegal
investment companies, Laya reported total of 323 cases filed against
57 suspects. Total amount of money divested from
victims reached P124,451,252, he added.
Laya reported five personalities
involved in investment scam were recently arrested.
They were Alfredo Bukiki Tao-ing who
was arrested recently at Baguio City by a tracker team of the Hingyon
Municipal Police Station by virtue of a warrant of arrest issued by Judge
Romeo U Habbiling of Regional Trial Court, Branch 14, Lagawe, Ifugao.
Jericho Estrella aka Mohammed JaffarEstrella
of Cubao, Quezon City - Manager of ADSHUB.Com Ventures Inc. and Violette
Grace Molina from Zamboanga, Sibugay were earlier arrested July 9
at Quezon City by detectives of Criminal Investigation Detection Group of
Benguet following warrant of arrest issued by Judge Grace P Humiding,
presiding judge, Regional Trial Court, Branch 63, La Trinidad, Benguet.
Also arrested were Eleil Pacumbaba Morales,
the manager of Stiforp Trading, who was charged with 11 counts of estafa
cases, and Herminia Pagaduan of Three Angels, a resident of Ambiong, La
Trinidad, also charged for estafa.
Tao-ing, Estrella, and Molina
were charged for syndicated estafa with no bail recommended.
To help prevent illegal
investment activities, members of the Task Force Illegal Investment and Scams
recommended cancellation of business permits of illegal investment companies,
for Department of Justice to hasten resolution of filed cases and
continuously publish advisory on illegal investment .
The task force is composed of the following:
the Securities and Exchange Commission and the NCLCIDU as lead agencies
with the Bangko Sentral ng Pilipinas, Bureau of Internal Revenue,
Bureau of Immigration, Department of the Interior and Local Government,
Department of Trade and Industry, National Bureau of Investigation, NICA,
Police Regional Office-Cordillera and RIU-14 as members.
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