POGO running investment scam shut down in Tarlac —police

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Police on Thursday closed down a Tarlac-based Philippine Offshore Gaming Operator (POGO) company that was allegedly secretly operating a cryptocurrency investment scam.

In a statement, Police Brigadier General Romeo Caramat, head of the Criminal Investigation and Detection Group , said 851 workers — 351 foreign nationals and 500 Filipinos — were arrested and rescued during the operation.

Authorities launched the operation at Sitio Pag-asa, Barangay Anupul, Bamban, Tarlac around 5 p.m. in light of a search warrant issued by Tarlac City Regional Trial Court Branch 63. Criminal complaint for violation of the Securities Regulations Code of the Philippines in relation to Section 6 of Cybercrime Prevention Act of 2012 and Human Trafficking are being prepared against the persons behind the alleged illegal operation, the CIDG said.

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