Police catch 26 people linked to investment scam in Baguio hotel

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Authorities allege that the suspects sold unregistered securities in the form of investment contracts, disguising them as opportunities for home acquisition, real estate ventures, or financial literacy programs.

PAMPANGA, Philippines – Authorities arrested 26 people, including their leader, for their alleged involvement in a real estate investment scam during an operation in Baguio City on Saturday, June 10.

During the operation, authorities seized P1,384,236 in registration fees and investments, among other pieces of evidence. Floresco and more than two dozen other suspects were arrested during a joint entrapment operation conducted by the Philippine National Police’s Regional Anti-Cybercrime Group Unit Cordillera , Presidential Anti-Organized Crime Commission , and Securities and Exchange Commission .

The arrests stemmed from a complaint received by the SEC in January that sought the revocation of the certificate of registration of Casa Infini Properties and Development Corporation due to alleged illegal activities. The SEC said Floresca and her company were operating without the necessary license to sell securities to the public. Working alongside CI Builders and Realty, Floresca allegedly sold 181 investment contracts, amounting to an estimated P167,187,888.

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