Investment scam agent killed in GenSan

Date:

Share post:

GENERAL SANTOS CITY — Authorities said the killing of a woman here on Friday evening may be linked to the operations of an investment scam.

Lt. Bienvenido Venus Jr., deputy chief of the San Isidro police station, identified the victim as May Shiell Ladrera Villaflores, 27, a former agent of an illegal investment scheme operated by the controversial religious group Munificence Ministry.

Venus said Villaflores had just entered their compound in Barangay Conel at about 8:30 p.m. when an unidentified person approached and shot her.  

Villaflores died on the spot after sustaining a gunshot wound on the face from a caliber .45 handgun, he said.

Citing accounts from witnesses, Venus said the lone gunman hastily left the scene aboard a waiting motorcycle driven by another person.

Jonathan Abugar, the victim’s boyfriend, said Villaflores had received text messages from investors, expressing anger against Munificence but that there were no direct threats against her.

Abugar said Villaflores was previously involved with the group and served as a “sub-leader.”

Venus said they were investigating the possible motives of the incident, including the victim’s connections with Munificence.

Munificence, founded by couple Roland and Doris Joseph, had solicited investments from the public in the form of donations at a monthly interest of 45 percent. It operated for several months here but eventually stopped sometime in July.

The group, which is the subject of more than 100 estafa complaints at the National Bureau of Investigation here, claimed that it was registered with the Securities and Exchange Commission (SEC) under registration number CN201328348, which belongs to the Interdenominational Evangelical Church Ministries, Inc., a religious non-stock corporation.

The SEC said both entities are not authorized to solicit investments and declared their operations illegal. 

spot_img

Related articles

SEC Flags ‘Seagull’ Online Investment Scheme Targeting Caraga Residents

BUTUAN CITY (February 14)  — The Securities and Exchange Commission (SEC) has warned investors in Caraga against an...

From Backyard Coop to ₱550K Enterprise: Siargao Women-Farmers Crack Success in Egg Production

SURIGAO CITY, Surigao del Norte (February 14) — In a quiet barangay on Siargao Island better known for...

₱1-B Boost for Zero Balance Billing: Can Bigger Budget Fix Gaps in Free Hospital Care?

KORONADAL CITY, South Cotabato (February 14)  — For families living one medical emergency away from debt, the additional...

Valentine’s Day in Hard Times: Love, Redefined Across Classes and Communities

DAVAO CITY (February 14)  --- This year, Valentine’s Day arrives not just with roses and heart-shaped chocolates, but...