The National Bureau of Investigation announced on Sunday that it has file charges against an alleged scammer who promised an investor between 10 percent and 25 percent returns in her invested money.
The charges of Estafa under Article 315, 2(a) of the Revised Penal Code for the alleged investment scam was filed before the Quezon City prosecutors office by the NBI shortly after the suspect was arrested in Quezon City recently.
Investigation showed that the suspect had convinced one victim to invest P400,000 and promised it would earn interest ranging from 10 to 25 percent depending on the term/paid-out date.
“Believing the representations of the suspect, the complainant invested a total amount of P400,000 paid on various dates starting from February to April 2023,” the NBI said. “However, (the suspect) failed to make good her promise to pay the complainant with the agreed pay-out of her investment despite numerous demands.”
The unnamed complainant told investigators that the money she gave the suspect “was not really invested and that the suspect has no Securities and Exchange Commission registration.”
When the suspect asked for P440,000 in additional investment, the complainant decided to file a complaint in the NBI, which promptly launched an entrapment operation.