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Fxclearing.com SCAM! – Another Syndicated Estafa Case Filed in Relation to Aman Scam; Pagadian City Mayor and 11 Others Charged in Iligan City Court :: Department of Justice Republic of the Philippines :: Tel: + 523 8482, + 523 6826 – FXCL STOLE MONEY!

 

                                                                  Philippines Anti-Cybercrime Police Groupe MOST WANTED PEOPLE List!

 

 

 

#1 Mick Jerold Dela Cruz

Present Address: 1989 C. Pavia St. Tondo, Manila

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#2 Gremelyn Nemuco

Present Address; One Rockwell, Makati City

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#3 Vinna Vargas

Address: Imus, Cavite 

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#4 Ivan Dela Cruz

Present Address: Imus, Cavite

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#5 Elton Danao

Permanent Address: 2026 Leveriza, Fourth Pasay, Manila 
Present Address: Naic, Cavite

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#6 Virgelito Dada

Present Address: Grass Residences, Quezon City 

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#7 John Christopher Salazar

Permanent address: Rivergreen City Residences, Sta. Ana, Manila

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#8 Xanty Octavo 

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

 

 

 

 

 

 

 

 

 

 

#9 Daniel Boco

Address: Imus, Cavite

 

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

 

 

#10 James Gonzalo Tulabot

Permanent Address: Blk. 4 Lot 30, Daisy St. Lancaster Residences, Alapaan II-A, Imus, Cavite 
Present Address: Pasay City

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#11 Lea Jeanee Belleza

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

#12 Juan Sonny Belleza

If you have any information about that person please call

to Anti-Cybercrime Department Police of Philippines:

Contact Numbers:

Complaint Action Center / Hotline:
Tel. +63 (8) 723-0401 local 7491
Smart/Viber: +63 961 829 8083

       

 

FXCL SCAM Company Details:

OUTSTRIVE SOLUTIONS PH CALL CENTER SERVICES

OUTSTRIVE SOLUTIONS PH CALL CENTER SERVICES



Most scams also have odd layouts and contain typos, and also force you to click on areas that will compromise your account or reply with your personal details. Four others, including the wife of Amalilio, ABIGAIL PENDULAS, were also charged in their capacity and for their acts as agents of Aman. The Special Panel found that they represented Aman in transacting with investors and potential investors, introducing them to the company and the whole “investment process” and, most importantly, assuring them of its legitimacy. Pendulas, in particular, was noted to have spoken to unpaid investors and assured them of the legitimacy of Aman as a business entity even at the time when doubts arose and investors were demanding their unpaid investments. In a referral-complaint, the bureau named the mayor and his wife Pricilla Ann Fernandez Co among the respondents in the charges for syndicated estafa filed by businessman Samsodin Ala, fire officer Fabian Tapayan Jr. and government employee Norolhaya Taha. The Chronicle exposed Ramos alleged big-time forex racket after several of his victims told their stories on the condition of anonymity. An investigation conducted by the Criminal Investigation and Detection Group revealed Ramos’s scheme of offering investors a guaranteed return of 23% for their 30 days investment. There are unsolicited offers that sound so good to just ignore it. If the offer has an easy return of investment, come to think again because it might also be risky.
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They attempt to get your personal info, passwords and card details to be able to steal your funds. These scams had already been operating for several years but had only gained attention in early 2019. A month after the release of the cease and desist order for Kapa on February 14, the Securities and Exchange Commission made permanent the order prohibiting Kapa from soliciting investments after they failed to file a motion to lift CDO within the given period. The schemes have business permits different from the investment nature of how they actually operate, as stated by SEC. It was in Tagum City, Davao del Norte where Rigen Marketing and other similar investment scams were first established in early 2019. From there, a lot of others had been founded in other parts of Mindanao and have since branched off to different areas.

Another Syndicated Estafa Case Filed in Relation to Aman Scam; Pagadian City Mayor and 11 Others Charged in Iligan City Court

Separately, six alleged core members of a fraud syndicate appeared in Eastern Court on Thursday morning after being charged with conspiracy to defraud and money laundering. Police reminded the public to stay vigilant against investment plans with unrealistic yields and thoroughly understand the product’s features and security risk before putting in money. “If victims want to cash out, the fraudsters make up excuses, criminals such as system failure, illegal investments or tax payment to process the cashing out, to delay payment,” he said. He said some victims were instructed to transfer money into cryptocurrency accounts in an attempt to make police investigations more difficult. “They claimed to offer jobs but in fact they lured the victims into bogus investment deals and cheated them of their money,” the superintendent said.

Which of the following are the most common investment frauds?

  • Annuities.
  • Illegal securities Offered as Individual Retirement Account (IRA) Investments.
  • ‘Callable’ CD's.
  • Promissory Notes.
  • Predatory Lending.
  • Prime Bank Schemes.
  • Internet Fraud.
  • Affinity Group Fraud.

Metro Manila —President Rodrigo Duterte has signed a law providing consumers more protection from fraud committed through financial services. Heartbleed is a security vulnerability in OpenSSL software that lets a hacker access the memory of data servers. According to Netcraft, an Internet research firm, 500,000 Web sites could be affected. That means a user’s sensitive personal data — including usernames, passwords, and credit card information — is potentially at risk of being intercepted. Through this law, aggrieved financial consumers are now provided with what promises to be a faster way to recover their money. Instead of immediately resorting to the filing of a civil case in court and waiting for months to get a decision, they may now file an action with the Bangko Sentral ng Pilipinas or the Securities and Exchange Commission . Recovery of the financial consumers’ money is also made faster by the fact that the decision of the BSP or the SEC has been declared by law to be final and executory, and the BSP or the SEC may order the payment or reimbursement of the money subject of the action. Don’t fall for messages with a lot of spelling and grammatical errors. Start with checking also the e-mail address or sender’s details. If it does not indicate official details or if there are also weird characters and text in it, it is very likely to be a scam.

How do I spot and report investment scams?

Investment is not a smooth sailing journey, and because of that, it is important to ask important questions to resolve issues and put things all together. There are a lot of considerations to turn over in one’s mind that may result in either positive or negative impressions. However, there must be an engaged solution to every difficulty that may arrive in the process of contemplating this matter in order to avoid bigger problems. Aggregates and other entities engaged in unauthorized investment-taking activities as early as February 23, 2021 through an advisory. Several complaints and inquiries from the public were subsequently received by the SEC, including 21 complaint-affidavits filed with the EIPD on March 26, 2021. “Moreover, the EIPD also pointed out that Respondent’s act of taking advantage of the pandemic to refuse any visit/transaction at its main office in Taytay, Rizal by its investors, and its insistence that investors only transact online, is questionable and suspect,” the order read. Aggregates has been enticing the public to invest in the company in exchange for guaranteed returns of 1% per day or 30% per month over a lock-in period of three months.

How do you prove investment fraud?

To prove fraud, a customer must show that the broker or someone else in the industry intentionally or recklessly made a misrepresentation or omission of material fact that the customer justifiably relied upon and then suffered damages as a direct result of his reliance on the misrepresentation or omission of material …

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. They will make sure you will panic by either telling you an incredibly good offer or by instructing you to act on securing your compromised account right away. Never respond hastily and do call the bank/company to check if the incident or offer is true. Don’t just easily give out any personal information especially over the phone where you can’t really validate if you’re talking to a scammer or not. Legit companies will have a fixed protocol when it comes to asking their customers’ for personal information. Be aware of the details that ONLY you should know such as One Time Pin, Password, Account Number, Card Number, and CVV. If any of these details are being asked, there is a high chance that you’re being scammed. Along with Hyper Program International Direct sales, HPI Direct Sales and Trading Corporation was said to employ social media in inviting people to use their cosmetic and wellness products. Many entice people with the promise of high returns over a short period of time, as what happened to Ariel.

Report the phishing incident to the company they are fraudulently using so that they can enforce appropriate security measures. To avoid identity theft and financial fraud, shred or cut old and unused checks or any document that contain sensitive data. Never give your personal or account information especially PINs or passwords over the phone. As much as possible, don’t enter your card information using a public wifi.

In PwC’s 2020 Global Economic Crime and Fraud Survey – The Philippine Report, asset misappropriation fraud continues to be the most disruptive to Philippine businesses, with at least 26% or one out of four businesses having experienced it since 2018. Truly, this type of fraudulent scheme has always been an especially unyielding threat even among businesses around the globe. And this poses an imminent threat to the continued resilience of a strong economy such as that of the Philippines. If you are at all suspicious of any of the investors you are in contact with, please contact us so that we can look into it. You can save time and money by trying to do as much negotiating as possible via phone and email before you travel to meet the investor. For example, there’s no point taking a flight to show the investor a business plan, when you could send it to him via email or in the post. Do not be coerced into following their instructions simple because they have threatened you that something will happen to your account. (i.e. your account will be permanently blocked) if you don’t respond. Banks look at an individual’s ability to pay off debt in extending credit lines to its clients.

“They show off their well-off lifestyle and post photographs of luxury cars and watches on social media to draw their target’s attention,” Superintendent Yip Wing-lam of the commercial crime bureau said. A SUSPECT for investment fraud who allegedly collected as much as P17.8 million has been arrested in Kawit, Cavite, according to the National Bureau of Investigation . These recent challenges faced by Filipino financial consumers were the motivation behind the recently passed Financial Products and Services Consumer Protection Act (Republic Act No. 11765). Investment scams usually involve getting its target or victim to put up money for a questionable investment or one that doesn’t exist at all.
Fraudsters swindle more than HK$132 million from victims as online investment scams in Hong Kong jump
This news that the early batches of investors collected their shares in the investment with high interests spread among workers at different malls in Doha. Officers also urged people to exercise extra caution when transferring money to personal accounts for investment purposes and not to download any unknown apps. Lam said victims were told their investment accounts had been frozen and they were lured into making further investments to get their money back. They realised they had been scammed when the “investment experts” could no longer be reached. According to the force, scammers posing as investment experts usually prey on targets through social media and sometimes deploy good-looking and sweet-talking con artists to lure victims. There are also other remedies that an aggrieved financial consumer may avail himself of prior to adjudication by the BSP or SEC. He may avail himself of the consumer assistance mechanism required by law to be established by the financial service provider. This mechanism must provide free assistance to financial consumers on financial transaction concerns, including the handling of complaints, inquiries, and requests.

NBI arrests investment fraud suspect in Cavite

In order to steer clear of sharp practice, one must be knowledgeable enough to create good decisions for the money that a person solely invested. To avoid deceitful offers, do not be afraid to dig around details and information. Aggregates to immediately cease and desist from engaging in the unauthorized solicitation, offer and/or sale of securities in the form of investment contracts until the requisite registration statement is duly filed with and approved by the Commission. “Other scams offer compensation plans with incentives for recruitment or referrals, commodity futures trading, contracts for difference, binary options trading, foreign exchange swaps, cryptocurrency trading, advance fee fraud and affinity fraud,” it said. Another is Kapa investment scam, a religious company accused by regulators of duping 5 million people who all gave in to the promise of a 30-percent monthly return on investment for life. With this growth, economic crime and fraud in the Philippines also continue to increase, hitting at least one out of two business respondents who reported having experienced economic crime and fraud in the past 24 months, with losses ranging from $5m to $50m.

  • Former President Rodrigo Duterte, in the same year, ordered the closure of these illegal schemes.
  • The court ruled that it was “undisputed” that the accused through the company One Dream solicited investments from the public, enticing investors with the promised profit of 46.4 percent every four days, plus P44 for every referral.
  • Inc. that was reported to have divested some 15,000 people of P12 billion through his trading firm in the Visayas and Mindanao.
  • Don’t trust people who take the “threatening” (if you don’t make up your mind now, you’ll miss your chance) approach.
  • When money is involved, it is safe to understand how the system works.

So whether you’re applying for a credit card or a bank loan, you would want to show that you are a good debtor by maintaining a good reputation with banks and other lending institutions. Do not use passwords that can be easily attributed to you such as your name or birthday. The legitimate login page for UCPB Connect will only ask for the User Name and Password, and never ask for email addresses and passwords, or ATM Card Numbers and ATM PINs. Always use official mobile banking apps, especially for online banking. These apps are tested thoroughly to ensure your data is secure and safe. This will prevent hackers from stealing your personal and account information.

According to the force, some people fell victim to a ramp and dump investment scam, which is a form of stock market manipulation. Fraudsters use various means to “ramp” up the share price of a listed company and then induce investors via social media platforms to buy the stock they “dump” at an artificially high price. This law also imposes additional duties and responsibilities on financial service providers. They are now obliged to, among others, make sure that their clients will not have a hard time meeting their obligations. Under the law, financial service providers should have written procedures for determining whether a particular financial product or service is suitable and affordable for their clients.
scam scam
The group allegedly offered high interest rates that encouraged investors to participate in the investment scam. Lam said scammers impersonated customer service agents to help victims to open investment accounts and use the app, which showed fake transaction records and returns, coaxing the targets into investing more money. The amount of money the victims lost rose 268 per cent from HK$35.9 million in the same period last year, according to Senior Inspector Lam Pui-hang of the force’s Anti-Deception Coordination Centre. He said 110 cases of online investment fraud were reported between January and February of 2021. Scam artists understand greed and cater to it, by promising to deliver something for nothing. Internet message boards, spam e-mails and online investment newsletters are three of the most common tools of the criminal trade. If you think you’ve found a “golden nugget” on an internet message board or you have been the lucky recipient of an e-mail from a foreign national desperate to give away millions of dollars in exchange for your help, remember that greed makes you gullible. Investment scams are often pulled off by a team of people who set up a makeshift office, called a “boiler room”. To convince you their company is real, they might send you to the company’s website, which looks very professional. They might also set up a toll-free number and a respectable address to make the company seem legitimate.

Make it a habit to review your account statements details very well. Don’t respond to random text messages asking for your personal and bank info or click the links included in it. Watch out for these red flags when someone offers you a “business opportunity” that’s just too good to be true. Protect your hard-earned savings by learning how to safeguard yourself against investment fraud. Shelter your sensitive information from the greedy hands of online criminals.

Not to mention, these economic crimes and fraud may have a long-term reputational impact, which may result in higher regulatory scrutiny and monetary penalties in the future. Bribery and corruption is another obstinate threat, the second most disruptive economic crime in the Philippines. This year’s results reveal that this particular type of fraud picked up again over the last 24 months, moving up by three notches from fifth last year to 21% in 2020, from 18% in 2018, and 25% in 2016. Another 14% of respondents (from 12% in 2018 and 17% in 2016) have also alleged that they have lost a business opportunity from a competitor who paid bribes. These outcomes mirror the results of the annual Corruption Perceptions Index by Transparency International, which saw the Philippines’ rank drop from 99th to 113th. This is concerning as businesses operating in the Philippines may be more likely to contemplate paying bribes as a feasible option to take in order to win business. Administrative sanctions under the financial regulators’ respective charters shall also be made applicable to offending financial service providers and its directors, trustees, officers, employees or agents without prejudice to the enforcement actions and criminal sanctions specified in the Act. RA also defines the duties and responsibilities of financial service providers, namely board and senior management oversight; appropriate product design and delivery; transparency, disclosure, and responsible pricing; and fair and respectful treatment of clients. These messages are scams trying to obtain your online credentials for fraudulent activities such as stealing your funds.

  • Verification is important to ensure the investors that there is a trusted person behind the big offers.
  • Following the local government unit’s inspection, payouts from One Dream allegedly stopped, despite repeated demands from the complainant-investors.
  • Bitcoin and other virtual currencies, however, are still not recognized by the BSP as a legal currency since it is neither issued nor guaranteed by a central bank.
  • It’s also best to initiate communicating with the bank/company to prevent getting scammed, whether it’s about your account or a specific product offering.

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Samta Awaz

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