4 suspects linked to alleged investment scam arrested in QC

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Malaysia News News

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MANILA—Four persons were arrested in Quezon City on Friday in connection with an alleged investment scam.

A complainant had reported that he had been promised a 100-percent interest payout for his investment after 40 days, but 12 percent will be deducted as facilitation fee, marking the return of investment at 88 percent.

The same person initially wanted to put in P50,000 but backed out when he realized it was a scam. He then reported the operation to police. The suspects will be charged with violating the Securities Regulation Code. They will also be charged with direct assault, resisting arrest, disobedience and obstruction of justice.

 

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