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Wednesday, June 29, 2022
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HomeFront Page“1k turns to P1700” investment scam founder fall

“1k turns to P1700” investment scam founder fall

CAGAYAN DE ORO CITY – An alleged founder of another investment scam in Cagayan de Oro fall into the hands of the National Bureau of Investigation, regional office 10 here.

NBI operatives identified the suspect as a certain Antonette Sestoso, a resident of this city. Sestoso reportedly turned herself over to NBI for fear of reprisal from her victims. She also said she surrendered to face any investigation and she would tell the truth about the company and its operations.

"Willing sad ko mag refund sa money. Fiscal na ang bahala mag sulti kung pila ka bulan nako iuli ang ilang refund," Sestoso told the media.

Sketchy reports revealed that the suspect collected more than half million pesos from those who complained at the NBI office 10. However other unconfirmed reports had it that the suspect allegedly carted away P30-M pesos from hundreds of investors.

At the NBI office 10, the suspect admitted she was responsible in posting on Facebook very enticing adverts such as turning the investor's "P1K to P1700 in just 10 days."

But she denied she was the founder of "P1K turns to P1700" alleged investment scam. "Oh ako ang ga-post sa Facebook pero dili lang ako involve ani. Involve pud ani ang pamilya ni Pagaspas.

She told the media that a certain Donie Pagaspas was also allegedly involved in the operation of the reported investment scam. "Dili lang ako involve ani. Ang pamilya Pagaspas. Sila tanan apil ani," Sestoso told the media.

NBI regional director Patricio Bernales, Jr advised city residents not to easily get enticed by the offers of people online so that they will not fall victims of investment schemes.

"Kung tan aw ninyo nga too good to be true and offer online especially kadtong pirme ga open sa ilang gadgets, magduda namo. Dili gani ga offer ug ingon ana ka dagko ang bangko," Bernales said in vernacular.

Lawyer Alex Caburnay also of NBI-10 told the media that if the Securities and Exchange Commission (SEC) did not give secondary license to a certain company offering investments, then it is a scam and the city residents must be aware of this fact.

He told city residents to be watchful because there a lot of offers on Facebook that are all "too good to be true."
"Para dili mo mailad kay daghan na karon investment schemes sa internet," Caburnay claimed. (JCE)

Joel Escolhttps://www.youtube.com/channel/UCK_sKdGFs0ewIh9R-iAskDg
Joel Calamba Escol is a journalist in the Philippines for more than 20 years. Currently, he is the Managing Editor of Mindanao Daily News, the biggest and most-widely read newspaper in Southern Philippines. He is also known as Noypi Vlogger in Youtube. You can follow him on the following social networking sites below.
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