Authorities target ‘investment scheme’ offices secretly operatingPosted on
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