• Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home City

Estafa cases vs. Ponzi firms rise to 60

Dexter A. See by Dexter A. See
May 22, 2015
in City
1
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

BAGUIO CITY  – Individuals who were earlier duped by unscrupulous Ponzi firm operators in the Cordillera are now coming out in the open and are filing the appropriate multiple and syndicated estafa cases against those who fooled them into investing their hard earned money in exchange for high interests but ended up in the air.

The Anti-investment Scam Task Force Friday reported that the multiple and syndicated estafa cases filed against the initial three Ponzi firms drastically increased to 60 from last week’s 46 because of the sudden influx of complainants wanting to file their complaints against those who carted away their money.

The multi-agency task force also disclosed the amount duped by the operators from their complaining investors grew from P12.2 million over the past weeks to P16.3 million this week with more to come in the coming weeks.

From 23 complainants who earlier filed syndicated estafa charges against Stiforp Trading along Magsaysay Avenue that closed operations recently, the number of complainants grew to 36 with the additional 13 complainants executing their affidavit against Stiforp manager Eliel Moralesand his staff Juanito S. Alcalde, Jr., Gani Bernabe, Joy Pavon Segundo, Louanie Buen Camino and Ricky Jones Lorenozo.

Stiforp Trading, which promised its investors around 30 percent monthly interest for their investments reportedly, divested from the complainants a total of P14.08 million in hard earned money.

On the other hand, Nineteen counts of estafa were filed by nineteen complainants, mostly from Mankayan and Buguias, Benguet, against Herminia Sukil-ap, general manager of the Three Angles Merchandise, after she reportedly divested from them more than P1.8 million in supposed investments.

Task force officials disclosed the complainants were forced to file the charges against the company official after the company suddenly closed its operations without being informed of the real reason behind its closure carting away with her the hard earned money of her investors.

Furthermore, five complainants filed syndicated estafa charges against the owners and employees of the AZULA investment firm after the company was able to divest from them a total of P450,000.

The charged AZULA officials and employees were Lara Mapanao Pineda, Anna Liza Gaspar Amistad, Lie Salazar, Norhidaya Mao, Michael Joe Garcia, Gervin Estel and Ervin Jude Cid.

The task force appealed to complainants against Ponzi firm operators to have their respective affidavits subscribed and sworn to before any notary public in order to complete the documentation that will be filed before the city prosecutor’s office.

For those who earlier complained before the different investigating agencies, probers are reminding them to visit their offices in order to update their affidavit complaints and have them notarized or subscribed and sworn to complete the legal filing procedures to avoid the case from being dismissed because of technicality.

By Dexter A. See

 

Previous Post

Man found dead inside BPI compound

Next Post

79 estafa raps filed vs. 3 ponzi firms

Next Post

79 estafa raps filed vs. 3 ponzi firms

ADVERTISEMENT

Recent News

Life Builder Fellowship to subsidize the SSS contributions of volunteers

Life Builder Fellowship to subsidize the SSS contributions of volunteers

June 5, 2025
Bagong Pag-asang hatid ng Social Security Act of 2018

Benepisyo sa Pagpapalibing

June 5, 2025
Cabarrubias is full-pledged City Treasurer

Gov’t earns PhP200 million from registration of land titles

June 5, 2025
Panag-aywan Iti Kailyan brings hope to PDLs – livelihood awaits upon release

Panag-aywan Iti Kailyan brings hope to PDLs – livelihood awaits upon release

June 5, 2025
ADVERTISEMENT
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result

© 2024 Baguio Herald Express | Website Design and Development by Neitiviti Studios

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist

No Result
View All Result
  • Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2024 Baguio Herald Express | Website Design and Development by Neitiviti Studios