LA TRINIDAD, Benguet – A 42-year old man who is allegedly one of the executives of a Ponzi firm was arrested by combined police operatives and intelligence agents based on a warrant for seven counts of syndicated estafa in his suspected hideout in a subdivision in Cavite City, recently.
Senior Superintendent Florante Camuyot, officer-in-charge of the Benguet Provincial Police Office, identified the arrested wanted person as Jose Perales y Albino, 42, unemployed, and presently residing at Block 12, Lot No. 39, Purok 1, Marycris Homes Subdivision, Cavite City, who is allegedly one of the officials of Global Medra, one of the local Ponzi firms that reportedly divested millions of pesos from the people of the Cordillera.
He was arrested by virtue of a warrant of arrest issued by a Regional Trial Court (RTC) in this capital town for seven counts of syndicated estafa with no bail recommended for his temporary liberty.
The arrested wanted person was brought to the Cavity City Police Office for documentation prior to his turnover to the issuing court for the proper disposition of the case filed against him.
By Dexter A. See