TWENTY-SIX cases were filed against individuals behind investment schemes operating in Davao region after failing to return the capital of their investors.
Based on the data from the Regional Investigation and Detection Management Division of PRO-Davao, CEO operators, traders, and coordinators or agents of different Ponzi-like schemes operating in Davao Region are facing charges filed by their investors.
In Davao del Norte, 56 investors filed cases against individuals from nine investment schemes -- ENCO (Enterprise Company), Questlink Digital Marketing, Titan 29 Marketing, BCT Marketing and Car Trading, A 21 Marketing, Jogle Innovative Marketing, LK638 Marketing, Omega, and Dreamzion Beauty and Health Hub.
Another six complainants filed a case in Mati City, Davao Oriental for violation of Presidential Decree (PD) 1689 or Increasing Penalty for certain Forms of Swindling or Estafa against eight individuals of Asia Business Corporation or RDFLEX Trading/Marketing (ABC-RD).
PRO-Davao said Large Scale or Syndicated Estafa, Syndicated Estafa, Batas Pambansa Blg. 22 and Article 315 of the RPC in relation to P.D 1689 were filed against the leaders of these investment schemes for allegedly operating investment scams.
In Davao City, seven investors are set to file a case against Crowd Royal Real Estate Service.
These investors came to the police to complain after the leaders of these firms did not show up during scheduled payouts.
PRO-Davao regional director Police Brigadier General Marcelo Morales said they expect more complainants to report to the police while other investors continue to seek advice from them but remain undecided whether to file complaints.
Fast money schemes started going downhill after President Rodrigo Duterte ordered the Philippines National Police (PNP), National Bureau of Investigation (NBI), and the Criminal Investigation and Detection Group (DILG) to shut down Kapa Community Ministry International, Inc. (Kapa) describing it as a "continuing crime" and a pyramiding scheme.
He also directed the shutdown of other Ponzi-like schemes. Following his order, authorities intensified their crackdown against these illegal investment firms.
Meanwhile, police urged victims of other investment schemes to file complaints or should there be any query on this matter. Contact the PRO-Davao Hotline number 09985987026 or send a message through their Social Media Account - Pulis Rehiyon Onse II.