Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

NBI arrests investment fraud suspect in Cavite 

NBI FB PAGE

A SUSPECT for investment fraud who allegedly collected as much as P17.8 million has been arrested in Kawit, Cavite, according to the National Bureau of Investigation (NBI). 

In a statement on Thursday, the NBI said the suspect was captured through an entrapment operation on June 9 following a complaint filed by the victim.    

After the arrest, the suspect returned the money, which was supposedly an investment in what turned out to be a non-existent business.   

The suspect is facing charges for violation of Article 315 of the Revised Penal Code in relation to the Cybercrime Prevention Act of 2012.  

Under the law, swindling is considered a cybercrime if the violation was committed through the use of information and communications technologies.   

Those convicted of fraud under the cybercrime law may face six to 12 years in prison and a fine of at least P200,000.  

The suspect had contacted the victim through Facebook offering a “rare opportunity” to diversify funds and represented herself as the owner of “Frontier Freight Forwarders shipping importing company.” — John Victor D. Ordoñez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Forex

At a time when the world is battling to get through the dreaded coronavirus pandemic, protective face masks have come out to be the...

Editor's Pick

BEWARE the “lessons of history” as drawn by charlatans, ignoramuses, or tyrants, for they will be daft, wrong, and possibly disastrous. The self-serving amateur...

Editor's Pick

The world’s food-import bill is set to jump even more than expected to a record this year, increasing the threat of hunger, especially in...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.