CAGAYAN DE ORO

Caraga cops arrest 5 suspects operating an ‘investment’ firm

CARAGA. Authorities conduct inventory during an operation at the office of an alleged investment firm that is said to be a scam in Agusan del Sur. (Photo courtesy of PRO-Caraga)



FIVE suspects involved in an alleged illegal investment scheme, were arrested in a region-wide police operations in Caraga region.

Police Brigadier General Gilberto DC Cruz, Police Regional Office-Caraga director, said a joint operating team from Criminal Investigation and Detection Group in Agusan del Sur (CIDG-ADS) and Prosperidad Municipal Police Station (MPS) implemented search warrant for violation of Section 8 in relation to Section 73 of Republic Act Number 8799, otherwise known as Securities Regulation Code.

The subject of the search warrant was Glenn Oliveros Pañarez, the manager, officers, members, staffs, employees and occupants of Jogle Innovative Marketing located in Purok 3, Barangay Patin-ay, Prosperidad, Agusan del Sur.

Among those arrested were Mary Joy Curato, Jazele Grace Mendoza, James Garcia, Diomar Lobrique, and Windell Chan.

Confiscated were two sets of computer, one laptop, one printer, one bill counter, one pad registration form, one pad pay-out form, record book with list of investors, two cellphones, P66,978 cash and assorted beauty products.

Pañarez, the chief executive officer and Sammy Intes were able to escape and remain at-large.

“This serves as stern warning to those involved in illegal investment scheme. The government will run after you to protect the hard-earned money of the public,” he said.

“This also serves as a reminder to the public to be very careful before making investments and to never invest your money to these fraudulent investment schemes,” Cruz added.


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