The Criminal Investigation and Detection Group (CIDG) has issued a new warning against Ponzi investment schemes that promise investors high monthly returns. CIDG Director Brigadier General Nicolas Torre III advised the public to be wary of scams that claim returns of 15 to 20 percent per month or promises of doubling money within five months. He highlighted that anything above a 10 percent monthly return should raise suspicion.
Following the arrest of a suspect named 'Pantollana' for multiple charges of fraud and syndicated fraud, Torre emphasized the importance of caution. Pantollana was captured in Indonesia with the help of Philippine authorities and Interpol, and is suspected of leading a group that has victimized dozens of investors, including overseas Filipino workers and well-known personalities, with losses totaling around P4 billion