A victim of a double-your-money investment scam talks to reporters on Oct. 23, 2019 about the five individuals from Cagayan de Oro City who were nabbed in Mandaue City on Oct. 22, 2019. | CDND Photo/ Delta Dyrecka Letigio
Arrested along with Matulac and Acenas were Arjun Gumban, 26, Maria Esperanza Makinano, 34, and Adjetar Daya, Jr., 35, during the operation at 10 p.m. of Tuesday, October 22, 2019. Various investors were encouraged to invest into their companies named “NH Bliss Incorporated” and “BNHPA Holdings Incorporated,” but these companies were not authorized by the Security and Exchange Commission to collect investments.
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