One Mindanao: Founder sa Forex Rice Trading Group, Dakpan November 18, Arestado ang founder sa Forex Rice Trading Group nga usa ka giingong investment scam human kini natultolan sa otoridad sa gitaguan niining balay sa Iloilo City 7/3/ · The Securities and Exchange Commission has issued a stern warning against Forsage, an investment scheme headed by a certain Lado Okhotnikov. Forsage is NOT duly registered with the SEC and lacks the necessary license to solicit, accept or take investments from the public or issue investment contracts and other forms of securities.. On June 30, , the Commission said that Estimated Reading Time: 3 mins 4/22/ · The Commodity Futures Trading Commission recently unsealed an action in Florida federal court accusing five men of operating a Ponzi scheme that raised at least $75 million from at least investors nationwide. The action, filed in the Middle District of Florida, charges Michael DaCorta, Joseph S. Anile, II, Raymond P. Montie III, Francisco “Frank” Duran, John Haas, and various entities Estimated Reading Time: 5 mins
Here Are The Top Financial Scams That Happened In The Philippines
By MARK D. MERUEÑAS, GMA News. Published November 27, pm. Updated p. Eleven people, including alleged ringleader Jachob "Coco" Rasuman, have been charged in connection with a multimillion-peso pyramid investment scam in Lanao del Sur province and nearby areas in Mindanao, an official said Tuesday.
Lanao del Sur police head Senior Superintendent Romel Magsalos said the National Bureau of Investigation NBI served an arrest warrant on Rasuman in his house in Marawi City early Tuesday afternoon.
Rasuman was arrested after the Department of Justice DOJ filed charges against him; his father, former Public Works and Highway Undersecretary Bashir Dimaampo Rasuman; and nine others with syndicated estafa for the alleged scam. In a forex investment scheme sa mindanao dated November 22, a DOJ special panel of prosecutors recommended estafa charges against Rasuman and his alleged cohorts in connection with a Pmillion investment made by their supposed victim, Abuamar Sambitory, who filed the complaint with the DOJ along with 24 other people.
The estafa case was originally filed with the Office of the City Prosecutor in Cagayan de Oro but was subsequently re-assigned to the special panel of prosecutors in Manila. The DOJ panel said "all elements of forex investment scheme sa mindanao estafa are all present specifically that by their modus, respondents, who are closely related to each other, showed unity of design and purpose in defrauding the public.
It was raffled off to Cagayan de Oro Judge Bonifacio Macabaya. On the same day, arrest warrants were issued against the Forex investment scheme sa mindanao and the other accused individuals. Syndicated estafa is a non-bailable offense, forex investment scheme sa mindanao.
Apart from Rasuman and his father, other charged individuals were Emma Amer Rasuman, Jeremiah "Maning" Amer Rasuman, Jamirie Amer Rasuman, Jamila Rasuman Tomawis, Jalaima Rasuman Mangarin, Jerome Amer Rasuman, Bashir A. Rasuman Jr, Amer Tomawis, forex investment scheme sa mindanao, and Princess Allah Tomawis Rasuman. When asked if there were other people arrested along with Rasuman, Magsalos said there were none.
Rasuman-Aman link? Earlier, the DOJ probed Rasuman's investment firm in the wake of another get-rich-quick scheme, Aman Futures Group Philippines Inc. Last September, a case of syndicated estafa was filed against the Coco Rasuman Group in Cagayan de Oro for its "Ponzi scheme" which entices investors to put money in the company in exchange for huge returns in two months. According to Investopedia, a Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors.
The Ponzi scheme generates returns for older investors by acquiring new investors. In the beginning, the scam actually yields the promised returns to earlier investors, as long as there are more new investors. These schemes usually collapse on themselves when the new investments stop. Investopedia also describes a pyramid scheme as an illegal investment scam based on a hierarchical setup.
New recruits make up the base of the pyramid and provide the funding, or so-called returns, given to the earlier investors or recruits above them. Special panel. A special panel formed by the DOJ earlier conducted a preliminary investigation on five estafa complaints against the Rasuman group. The panel is separately conducting preliminary investigation on another five complaints against Aman Futures.
Another preliminary investigation has yet to be scheduled forex investment scheme sa mindanao the second batch of complaints against Aman Futures, forex investment scheme sa mindanao, including two separate complaints from Philippine National Police PNP personnel based in Pagadian City.
News about the alleged investment scams of Rasuman and Amalilio triggered fresh complaints against several more get-rich-quick schemes.
These include Visioner International Traders Inc, which victimized at least 20 people from Pagadian City, and a certain Linda Lomido from Taguig City who duped mostly employees of a popular department store. Tags: cocorasumaninvestmentscampyramidscamestafa. LOADING CONTENT. RETRY LOADING.
FOREX SCAM
, time: 4:24Mindanao Daily News Online
6/25/ · MindaNews is the news service arm of the Mindanao Institute of Journalism. It is composed of independent, professional journalists who believe and practice people empowerment through media. 23C Saturn St. GSIS Subdivision, Davao City Philippines Tel. 6/2/ · DAVAO CITY (MindaNews / 02 June) — Authorities in the Davao region have shut down 14 investment companies offering extraordinary returns similar to Ponzi schemes and are investigating 39 more to ensure they “comply with the government regulations, and to prevent them from turning into an investment scam,” Brig. Gen. Marcelo Morales, Director of the Police Regional Office (PRO) 11 blogger.comted Reading Time: 4 mins 9/25/ · Roxas City, Capiz – Nagpadulong sa mga kapulisan sa Roxas City PNP ang duha ka mga persona nga biktima sang Forex Investment Scheme. Suno sa anyos nga si Karen Apuang y Indico sang Brgy Bato, Panay, Capiz ginpangakuan ini sang suspek nga si Lourdes Baarde y Bulaquiña sang Brgy Baybay Roxas City nga balikan sang porsyento nga interes ang gin-invest sini nga blogger.comted Reading Time: 50 secs
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