Fugitive Arrested After Hiding for 2 Year, Mastermind of Biggest Scam in Cebu
Operatives arrested a fugitive who has been hiding for two years as she was accused being the mastermind of the biggest scam in Cebu City.
One of the suspected perpetrators of the investment scam was apprehended in Cebu after more than two years of hiding. Katherine Posas Liao was named as one of the instigators of the Organiko Agribusiness Venture big business fraud.
![Mastermind of Scam in Cebu](https://philnews.ph/wp-content/uploads/2021/04/scam-instigator.png)
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The police received information that Liao had been seen in Cebu’s Lapu-Lapu City, according to the police. As a result, they quickly dispatched a team that led to the suspect’s capture.
The defendant is wanted on five warrants for syndicated estafa, a non-bailable offense. Organiko has faced a cease and desist order from the Securities and Exchange Commission in 2018, reportedly because of its dubious business model, but it continues to operate.
Thousands of dollars were reportedly looted from the group’s investors, the majority of whom were based in Davao. The suspect was adamant about not giving a comment.
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