5 Fraudsters Arrested by NBI Over Involvement in an Investment Scam in Quezon City
The National Bureau of Investigation-Anti-Fraud Division (NBI-AFD) arrested five (5) fraudsters allegedly involved in an investment scam in Quezon City.
The fraud suspects involved in illegal investment activities were identified as Bernie Limpiada, alias Brix; Marvin Ojeda; Glory Ann Pillora; Rogelio Laverinto Jr.; and Sison Inocencio, according to NBI Officer-in-Charge (OIC) Director Eric B. Distor.
The arrest, according to Distor, was made after a walk-in informant reported an alleged investment scam. Limpiada’s company, Agri-Wealth Farm Ventures Inc., is accused of running the illegal investment, based on the article of Remate.
Agri-Wealth, according to the informant, provides public investment with a promise of a 160 percent return on investment within 100 days. The information was checked with the Securities and Exchange Commission (SEC) right away, and it was revealed that Agri-Wealth was not a corporation, according to the statement of NBI.
It also hasn’t applied for a secondary license with the Securities and Exchange Commission. As a result, the entrapment operation was carried out at the Agri-Wealth office in New Manila, Quezon City. As a result of this, the suspects involved in the illegal activity were detained.
Sections 8 and 26 of RA 8799, or the Securities Regulation Code, will be charged against those arrested, said NBI. They are now in the custody of the National Bureau of Investigation, the report added.
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