Authorities target ‘investment scheme’ offices secretly operating

Date:

Share post:

DAVAO CITY (June 21) — Police authorities in the region is now running after the operations of ‘easy money’ investment schemes which are still running secretly.

Brigadier General Marcelo Morales, regional director of the Philippine National Police (PNP) XI, in a media forum said the Regional Inter-Agency Task Force (RITF) has already identified the investment schemes operating in the region and they are monitoring the operations.

Despite the series of raids, Marcelo said, the operations of these firms continue secretly, thus, the PNP along with other allied agencies are working to run after the operators.

The PNA quoted Marcelo “Whoever those companies that are conducting secret operations will be the subject of our operations in coordination with the different concerned agencies of RITF.” 

As it is now, 13 individuals have reported about Titan 29, one versus  Power Play and one against Questlink Marketing Services. These companies are still being monitored, including those raided by the government such as Kapa.

The clampdown against ‘easy money’ investment scheme operators followed after President Rodrigo Duterte declared it as a scam and order the arrest of the operators and those involve in the operations.-Jian A. Padillo/NewsLine.ph

spot_img

Related articles

Groups slam Parlade’s red-tagging of Mindanaoan lawyer, warn of danger to legal profession

DAVAO CITY (January 5) — Human rights groups and lawyers’ organizations in Mindanao condemned a social media post...

DPWH: 2026 budget has zero funds for new flood control projects amid corruption scrutiny

MANILA (January 5) — The Department of Public Works and Highways (DPWH) on Monday clarified that its proposed...

DENR cites forest gains, flood reforms—but communities still bear the brunt of extreme weather

MANILA (January 5) — As floods and water stress battered communities across the country in 2025, the Department...

Mass dismissals mark PNP’s 2025 reform drive, but Trust Deficit Lingers

CAGAYAN DE ORO (January 5) — Under sustained pressure to restore public confidence, the Philippine National Police (PNP)...