Complaints against investment scams in Region 11 on the rise

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Despite repeated warnings from the Security and Exchange Commission (SEC) against investment scams, many people are falling prey to various scheming activities in Davao Region Lawyer Arcelito Albao…

Lawyer Arcelito Albao, director of the National Bureau of Investigation NBI-South Eastern Mindanao Regional Office , says the agency still receives complaints from victims of investment scams in the Davao Region despite the warning from the Security and Exchange Commission . Lean Daval Jr.

Lawyer Arcelito Albao, director of the National Bureau of Investigation NBI-South Eastern Mindanao Regional Office , told media the agency still receives complaints from victims of investment scams in the Davao Region. Albao said NBI 11 has apprehended some of these scammers who are mostly “small” members as most of these schemes are being operated by international syndicates headed mostly by Nigerians.

He said the scammers are now also devising other techniques and improvising their scamming activities.Albao said he cannot divulge the names of the involves as some of them are currently under investigation and some cases were already filed in the City Prosecutors Office .

 

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